News Results

  1. 'Way too early' to declare victory over inflation, says ECB's Nagel
    Reuters | 05:07 AM EST

    Euro zone inflation will carry on declining in the months ahead but at a slower pace, Bundesbank President Joachim Nagel was quoted as telling Cypriot newspaper Kathimerini on Sunday.

  2. China has more space to cut reserve ratio instead of interest rates, says ex-official
    Reuters | 03:07 AM EST

    China is likely to implement proactive fiscal policy next year as there is still a need for the world's second-biggest economy to realise stable growth, a former central banker was cited as saying in state-owned media on Sunday.

  3. Federal Reserve To Implement Six Rate Cuts In 2024 Amid Economic Slowdown, Says ING
    Benzinga | 12/02/23 02:28 PM EST

    In light of a decelerating economy, ING Economics?is forecasting?a series of interest-rate reductions by the Federal Reserve in 2024. What Happened: This strategic move, involving six rate cuts, is a response to the current economic slowdown, with the first cut expected in the second quarter of 2024 and continuing into 2025.

    EDGAR SEC Filings | 12/01/23 05:01 PM EST Filed on: December 1, 2023.

  5. Moody's upgrades Ohio to Aaa
    SourceMedia Bond Buyer | 12/01/23 05:00 PM EST

    Moody's, which last rated the state triple-A in 1979, pointed to an economy that's "poised for diversification and growth."

    EDGAR SEC Filings | 12/01/23 04:56 PM EST Filed on: December 1, 2023.

  7. Resurgent S&P 500 crests new 2023 closing high after roller-coaster year
    Reuters | 12/01/23 04:54 PM EST

    - A searing late-year rally has brought the S&P 500 to a fresh 2023 closing high, as investors bet the Federal Reserve is done raising interest rates and the U.S. economy will remain resilient in the face of tighter monetary policy. The benchmark index closed at 4,594.63, nearly 6 points above its previous closing high for 2023 set in late July.

  8. S&P 500 rises to highest close of 2023 amid rate cut optimism
    Reuters | 12/01/23 04:39 PM EST

    The benchmark S&P 500 index closed at its highest level of the year on Friday amid growing optimism the Federal Reserve was done raising U.S. interest rates and could begin to cut them next year as inflation cools. The index closed at 4,594.63 points, up 26.83 points, or 0.59%, and topping the close on July 31 at 4,588.96, which had been the prior high of 2023.

  9. GLOBAL MARKETS-Shares climb, dollar falls with Fed comments inspiring dovish bets
    Reuters | 12/01/23 04:38 PM EST

    MSCI's global stock index rose on Friday and marked its fifth straight weekly gain while U.S. Treasury yields and the dollar fell on the day as investors were encouraged by Federal Reserve Chair Jerome Powell's vow to move "carefully" on interest rates.

  10. AM Best Affirms Credit Ratings of Seguros e Inversiones, S.A.
    Business Wire | 12/01/23 04:38 PM EST

    AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of Seguros e Inversiones, S.A. . The outlook of these Credit Ratings is stable. The ratings reflect SISA?s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.

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.