News Results

  1. Fed Members Cool On Raising Interest Rates: 'These Conditions Could Take Months, And More Likely Quarters To Play Out'
    Benzinga | 06:10 PM EDT

    Members of the Federal Reserve have indicated that they are in no rush to raise interest rates in speeches given on Tuesday.

  2. Fed Will Cut Interest Rates ? But When? Most Investors Agree It Won't Be July, Bank Of America Says
    Benzinga | 12:20 PM EDT

    According to Bank of America?s monthly global fund manager survey, investors are confident the Federal Reserve will lower interest rates at least twice in the next year.

  3. Bitcoin, Ethereum, Dogecoin Continue Decline Amid Market Pessimism; Analyst Predicts Bitcoin Plunge Before Rising To $98K By October; Experts Warn Musk Faces Losses In Biden vs. Trump Race: 'Be Careful What You Wish For' - Top Headlines Today While US Slept
    Benzinga | 10:21 AM EDT

    US Markets Crypto US Politics US Economy World Economy Tech Electric Vehicle Consumer Communication Industrial Healthcare Financial Space Energy Photo by Igor Faun on Shutterstock

  4. Privately Held Companies Are 50% More Profitable Than Publicly Traded Firms: Fed Study
    Benzinga | 09:15 AM EDT

    The Federal Reserve Bank of San Francisco has released a study indicating that private companies have seen a significant rise in profit rates over the past four decades, surpassing their publicly traded counterparts. What Happened: The study reveals that private firms began to outperform public corporations in terms of profit rates in the late 1970s.

  5. El-Erian Warns Of Economic Risks Without Prompt Fed Rate Cuts: 'What Really Matters Is Where They Finish'
    Benzinga | 04:51 AM EDT

    Mohamed El-Erian, the chief economic adviser at Allianz, has urged the Federal Reserve to initiate interest rate cuts to prevent potential economic instability. What Happened: El-Erian, in an opinion piece for the Financial Times, emphasized the need for the Fed to act swiftly in reducing interest rates. "It doesn't matter when the Federal Reserve starts cutting rates.

  6. Jerome Powell To Testify Before Senate Banking Committee On Monetary Policy Amid Growing Calls For Rate Cuts
    Benzinga | 03:19 AM EDT

    U.S. Federal Reserve chair Jerome Powell is set to testify before the Senate Banking Committee on Jul. 9. This will be his semiannual testimony on monetary policy and comes at a time when calls for interest rate cuts are growing. What Happened: Powell?s testimony is expected to cover a wide range of topics, including interest-rate policy and the state of the banking system.

  7. Fed's Harker Advocates For Single Rate Cut In 2024, Cites 'Very Welcome' May CPI Report
    Benzinga | 03:00 AM EDT

    In a recent statement, Patrick Harker, the President of the Federal Reserve Bank of Philadelphia, suggested that one interest-rate cut in 2024 would be appropriate, based on the current economic forecast. What Happened: Harker, speaking at an event in Philadelphia, expressed that the recent consumer price index report for May, which showed a decrease in consumer prices, was ?very welcome.

  8. Retail Sales Preview: May Numbers Expected To Rise As Consumers 'Feeling More Positive'
    Benzinga | 06/17/24 04:34 PM EDT

    U.S. retail sales for May are forecasted to improve when the U.S. Department of Commerce?s Census Bureau releases its monthly sales data before the start of Tuesday?s trading session. Sales are expected to tick up 0.2% in May from the prior month, as inflation eased in May and the Federal Reserve is indicating it plans to cut rates only once this year.

  9. China Keeps Interest Rates Unchanged Amid Economic Uncertainty To Stabilize The Yuan And Manage Liquidity
    Benzinga | 06/17/24 12:09 AM EDT

    In a bid to stabilize the yuan and manage liquidity, the People?s Bank of China has decided to keep its key interest rate unchanged for the tenth consecutive month. What Happened: The PBOC has maintained the one-year policy loan rate, also known as the medium-term lending facility rate, at 2.5% for the tenth month in a row on Monday, reported Bloomberg.

  10. Minneapolis Fed President Neel Kashkari Says 'Reasonable Prediction' That Fed Rate Cut Could Come At Year End: 'We're In A Strong Position'
    Benzinga | 06/16/24 08:59 PM EDT

    Neel Kashkari, the President of the Minneapolis Federal Reserve, said it was a ?reasonable prediction? that a single interest rate cut could take place by the end of 2024.

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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