News Results

  1. Fed Officials Confident Inflation Is Easing, But Want More Evidence Before Cutting Rates
    Benzinga | 01:48 PM EST

    After more than 10 interest rate hikes by the Federal Reserve in the last two years, investors have come around to expecting rate cuts in 2024. Several Federal Reserve officials are throwing caution to upcoming rate cuts. What Happened: Investors have been pricing in rate cuts by the Federal Reserve in 2024, but recent reports showing inflation rates may have eased rate cuts in the near term.

  2. Market Optimism Drives Fidelity Manager To Sell Off Treasuries: 'We Don't Expect Sort Of A Recession Anymore'
    Benzinga | 11:01 AM EST

    Investors looking for alternate investments to stocks during the period of high inflation and recession worries were turning to 10-year and 30-year treasuries. A money manager has liquidated treasury holdings, driven by a fresh wave of optimism about economic growth. What Happened: Investors and market experts see the potential for rate cuts by the Fed in 2024 following a phase of increased rates.

  3. Is Bitcoin's Future Doomed? European Central Bank Says Yes, Offers Stark Warning
    Benzinga | 02/22/24 01:40 PM EST

    In a?striking declaration, the European Central Bank on Thursday said Bitcoin ?holds an intrinsic value of "zero." This announcement follows the U.S. Securities and Exchange Commission's?landmark decision to approve Bitcoin spot exchange-traded funds. Cryptocurrency fans see this as a validation of Bitcoin's legitimacy and a sign of its future success.

  4. Building A Better Housing Market: Is The Worst Over As Existing Home Sales Jump In January?
    Benzinga | 02/22/24 01:37 PM EST

    On the heals of strong results by Toll Brothers Inc (TOL) this week, rising sales of existing homes suggested additional good news for the U.S. housing market.

  5. Initial Jobless Claims Fall: Tight Labor Market Pushes Back Fed Rate Cut Expectations
    Benzinga | 02/22/24 12:21 PM EST

    The number of U.S. citizens filing new claims for unemployment benefits fell more sharply than expected last week, underpinning the Federal Reserve?s faith in the resilience of the country?s labor market.

  6. Crude Oil Rises 1%; US Jobless Claims Fall To 201,000
    Benzinga | 02/22/24 12:11 PM EST

    U.S. stocks traded higher midway through trading, with the Nasdaq Composite jumping around 300 points on Thursday. The Dow traded up 0.67% to 38,872.01 while the NASDAQ rose 2.36% to 15,949.22. The S&P 500 also rose, gaining, 1.62% to 5,062.45. Check This Out: Analog Devices To Rally Around 19%? ? ? Information technology shares rose by 3.8% on Thursday.

  7. Solana, Cardano, Ripple Follow Bitcoin's Drop: Experts Explain Why Crypto Is Down Today
    Benzinga | 02/21/24 02:56 PM EST

    The cryptocurrency market is experiencing a?correction?on Wednesday, coinciding with?the release of the Federal Open Market Committee? meeting minutes. What Happened: Recent data from CoinMarketCap shows a 1.28% decrease in the total crypto market capitalization over the last day.

  8. Fed Minutes Stress Inflation Vigilance, Push Back Earlier Rate Cut Moves: Officials Flag Commercial Real Estate Risks
    Benzinga | 02/21/24 02:18 PM EST

    The minutes from the latest Federal Open Market Committee meeting underscored the Federal Reserve?s commitment to await more concrete evidence of a disinflationary trend before contemplating interest rate reductions.

  9. Weekly Points ? 5 Things To Know In Investing This Week
    Benzinga | 02/21/24 10:23 AM EST

    This week, economic data decided to pull a George Costanza and do the opposite of everything it has been doing. We also have some excellent fundamental news from Shockwave Medical (SWAV), rising visitation in Macau, and Japan enters recession. This week's 5 Things contains 7 Things. This week, we'll address the following topics: The CPI comes in hot. The PPI comes in hot.

  10. Bitcoin, Ethereum, Dogecoin Trade Mixed As BTC ETF Activity Surges To Highest Levels Since Their Debut; Biden Forgives $1.2B In Student Debt For 150K Borrowers Hit By Specific Issues; Democrats Slam Capital One-Discover Merger - Top Headlines Today While US Was Sleeping
    Benzinga | 02/21/24 09:15 AM EST

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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.