News Results

  1. Fed's Clarida says high inflation seen this year is 'not a success'
    Reuters | 03:19 PM EST

    Federal Reserve officials are not happy with elevated inflation running above the central bank's 2% target and it would not be a success for those inflation levels to be repeated next year, Fed Vice Chair Richard Clarida said on Tuesday. "No one is happy when inflation is running at 4% or 5% when our goal is 2%," Clarida said during a conversation with Cleveland Fed President Loretta Mester.

  2. Turkish lira plunges to new depths vs dollar after Erdogan defends low-rates policy again
    Reuters | 03:17 PM EST

    Turkey's lira fell to an all-time low of 14 versus the dollar on Tuesday after President Tayyip Erdogan repeated his defence of a new economic model based on lower interest rates despite inflation near 20%. The lira stood at 13.87 against the dollar at 2014 GMT, weakening from a close of 12.8010 on Monday.

  3. Powell places faster bond-buying taper on Fed's Christmas table
    Reuters | 03:09 PM EST

    -U.S. central bankers in December will discuss whether to end their bond purchases a few months earlier than had been anticipated, Federal Reserve Chair Jerome Powell said on Tuesday, pointing to a strong economy, stalled workforce growth, and high inflation that is expected to last into mid-2022.

  4. Fed's Clarida says high inflation seen this year is 'not a success'
    Reuters | 02:24 PM EST

    Federal Reserve officials are not happy with elevated inflation running above the central bank's 2% target and it would not be a success for those inflation levels to be repeated next year, Fed Vice Chair Richard Clarida said on Tuesday. "No one is happy when inflation is running at 4% or 5% when our goal is 2%," Clarida said during a conversation with Cleveland Fed President Loretta Mester.

  5. Fed's Clarida says 'no one' is happy with inflation running above 2% target
    Reuters | 02:16 PM EST

    Federal Reserve officials are not happy with elevated inflation running above the central bank's 2% target and bringing actual inflation down will be important to keeping inflation expectations anchored near the central bank's goal, Fed Vice Chair Richard Clarida said on Tuesday.

  6. TREASURIES-'Hawkish' Powell testimony cools rally
    Reuters | 02:02 PM EST

    A rally in U.S. Treasuries sparked by concerns over the Omicron coronavirus variant cooled on Tuesday as the market perceived testimony by Federal Reserve Chair Jerome Powell before a U.S. Senate ...

  7. Rising inflation, relentless pandemic dampen U.S. consumer confidence
    Reuters | 01:50 PM EST

    * Consumer confidence index falls in November. * Plans to buy homes, autos and major appliances decline. * House price growth decelerates in September. By Lucia Mutikani. U.S. consumer confidence dropped to a nine-month low in November amid worries about the rising cost of living and pandemic fatigue, but that did not change expectations for stronger economic growth this quarter.

  8. U.S. Thanksgiving weekend shopping loses sheen on early deals, smaller discounts
    Reuters | 01:08 PM EST

    U.S. shoppers headed to stores over the Thanksgiving weekend fell 3.5%, the National Retail Federation said on Tuesday, as fewer holiday promotions and tight supplies took the shine off some of the biggest shopping days of the year.

  9. Inflation part of Fed rate hike test likely met in coming meetings: Powell
    Reuters | 01:04 PM EST

    - U.S. Federal Reserve Chair Jerome Powell on Tuesday said that in coming months, the economy probably will have cleared the bar the Fed has set for raising interest rates as far as inflation goes, though it would still need to see full employment before it would commence liftoff.

  10. Fed's Clarida does not comment on U.S. economic, policy outlook
    Reuters | 01:00 PM EST

    Federal Reserve Vice Chair Richard Clarida did not comment on the U.S. economic or monetary policy outlook on Tuesday in remarks prepared for a virtual event. His conversation with Cleveland Fed President Loretta Mester on central bank independence will be livestreamed here https://www.youtube.com/user/ClevelandFed.

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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