News Results

  1. Fed's Collins says latest inflation data doesn't change policy path yet
    Reuters | 02:54 PM EDT

    Boston Federal Reserve President Susan Collins said on Friday that wherever the U.S. central bank stops with its interest rate rises, maintaining that level for some time will be critical in helping to lower high inflation back to the 2% target.

  2. GLOBAL MARKETS-Inflation data spurs rise in stocks, drop in U.S. yields
    Reuters | 02:50 PM EDT

    * U.S. inflation cools in February. * Two-year U.S. Treasury yield set for biggest monthly drop since 2008. * S&P 500 on track for back-to-back quarterly gains. By Chuck Mikolajczak.

  3. Argentina's dollars drain fastest since 2019 as IMF decision looms
    Reuters | 02:47 PM EDT

    Argentina's central bank dollar sell-off is set to end March at the fastest monthly pace since late 2019, according to official data and traders, underscoring the precarious position for the indebted country as drought hits its vital grains exports. The bank will end the month having sold $1.9 billion in foreign currency to meet payments and prop up the embattled peso currency's crawling peg.

  4. Ecuador central bank cuts 2023 growth forecast due to lower oil exports
    Reuters | 01:45 PM EDT

    Ecuador's central bank on Friday cut the Andean country's economic growth forecast for the year to 2.6%, from 3.1%, citing the impact of reduced oil exports, and said economic growth in 2022 was 2.9% Protests, an earthquake, and damage to infrastructure have all weighed on Ecuador's oil operations this year, with the country's energy ministry cutting its oil production forecast for 2023 by 8%. ...

  5. US STOCKS-S&P 500 set for upbeat end to quarter amid softer Fed policy hopes
    Reuters | 12:52 PM EDT

    * February PCE growth slows. * Rate-sensitive stocks lead gains. * Micron down as China to launch cybersecurity review. * Indexes up: Dow 0.74%, S&P 0.85%, Nasdaq 1.09% By Amruta Khandekar and Ankika Biswas.

  6. BRIEF-S&P Says New Mexico's Series 2023 Capital Projects GO Bonds Rated 'Aa' Outlook Stable
    Reuters | 12:50 PM EDT

    S&P : * S&P SAYS NEW MEXICO'S SERIES 2023 CAPITAL PROJECTS GO BONDS RATED 'AA'; OUTLOOK STABLE.

  7. GLOBAL MARKETS-Stocks climb and U.S. yields fall after inflation data
    Reuters | 12:07 PM EDT

    * Drop in euro zone, U.S. inflation data bolsters market mood. * Two-year Treasuries enjoy biggest monthly rally since 2008. * Euro up 3% this month, yen 2.5% higher, gold surges 8% By Chuck Mikolajczak.

  8. BRIEF-ECB Concludes Asset Quality Reviews Of Crelan, Citadele Banka, Goldman Sachs And Morgan Stanley
    Reuters | 12:05 PM EDT

    European Central Bank: * ECB CONCLUDES ASSET QUALITY REVIEWS OF CRELAN, CITADELE BANKA, GOLDMAN SACHS AND MORGAN STANLEY. * ASSET QUALITY REVIEWS CARRIED OUT AFTER BANKS CLASSIFIED AS SIGNIFICAN. * ECB - NO CAPITAL SHORTFALLS IDENTIFIED. * ECB - BANKS EXPECTED TO ADDRESS FINDINGS Further company coverage:

  9. US consumer mood darkens but banking turmoil impact limited so far, UMich says
    Reuters | 10:44 AM EDT

    - U.S. consumer sentiment fell for the first time in four months in March as consumers worried increasingly that a recession is coming, although the turmoil in the banking system has yet to resonate extensively among American households, a survey released on Friday showed.

  10. CANADA STOCKS-TSX rises as domestic economy outperforms; Rogers slides
    Reuters | 10:38 AM EDT

    * First Quantum up on JV to develop Peru copper project. * Rogers Communications (RCIAF) down after billion-dollar deal nod. * Jan GDP up 0.5% vs. est. of 0.3% * TSX up 0.6% By Johann M Cherian. March 31 - Canada's main stock index edged up on Friday as investor sentiment gained steam after data showed the domestic economy grew more than expected in January.

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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