PRESS DIGEST-New York Times business news - March 19

BY Reuters | ECONOMIC | 03/19/26 02:17 AM EDT

March 19 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

- Jerome Powell, the chair of the Federal Reserve who has faced withering pressure from U.S. President Trump just months before his term as chair ends, said on Wednesday that he would continue to lead the central bank until his replacement was confirmed by the Senate.

- Federal food safety authorities are investigating an E. coli outbreak that has sickened seven people in three states, after some of them said they ate cheese made by a raw dairy farm in California, while the company has denied its products were behind the illnesses.

- The Trump administration said on Wednesday that it would temporarily relax a maritime law that restricts the way oil is shipped within the United States, as it seeks to stem the rise in fuel prices resulting from the war in the Middle East. (Compiled by Bengaluru newsroom)

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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