News Results

  1. U.S. Fed policy now more hawkish than policy rules suggest is needed
    Reuters | 05:57 PM EST

    - Federal Reserve interest rate policy has moved beyond the level called for by commonly followed monetary policy rules, according to a report released on Thursday by the Cleveland Fed, pointing to how hawkish the central bank has become in its inflation battle.

  2. Fed's Barr: It's 'smart' to slow pace of rate hikes
    Reuters | 04:56 PM EST

    - Federal Reserve Vice Chair of Supervision Michael Barr on Thursday signaled that he is among U.S. central bankers backing a slowdown in the pace of interest rate hikes as soon as the Fed's Dec. 13-14 meeting. "Now we're at a point, since I believe we're in restrictive territory, that we can get to a sufficiently restrictive rate at a slower pace," Barr said at the American Enterprise Institute.

  3. Inflation may be peaking, but doubts emerge about its decline
    Reuters | 03:58 PM EST

    With central banks ratcheting up their response to a global inflation shock, debate is shifting from when they'll win the war to whether faster rising prices are here to stay in a supply-constrained world.

  4. CANADA FX DEBT-C$ dips against greenback; falls harder vs other G10 currencies
    Reuters | 03:51 PM EST

    * Canadian dollar weakens 0.2% against the greenback. * Canadian manufacturing PMI rises to 49.6 in November. * Investors cut Bank of Canada rate hike bets. * 10-year yield falls to lowest since Aug. 18. By Fergal Smith.

  5. REUTERS NEXT-Inflation may be peaking, but doubts emerge about its decline
    Reuters | 03:50 PM EST

    With central banks ratcheting up their response to a global inflation shock, debate is shifting from when they'll win the war to whether faster rising prices are here to stay in a supply-constrained world.

  6. U.S. Fed weighing changes to bank capital rules to better account for unexpected stress -Barr
    Reuters | 03:04 PM EST

    - The U.S. Federal Reserve's regulatory chief said on Thursday the central bank is exploring adjustments to bank capital requirements, noting the inability of supervisors to predict unexpected shocks would argue for higher overall capital levels.

  7. U.S. Fed weighing changes to bank capital rules to better account for unexpected stress -Barr
    Reuters | 03:00 PM EST

    The U.S. Federal Reserve's regulatory chief said on Thursday the central bank is exploring adjustments to bank capital requirements, noting the inability of supervisors to predict unexpected shocks would argue for higher overall capital levels.

  8. TREASURIES-Yields fall further on moderate inflation outlook, strong economy
    Reuters | 02:52 PM EST

    Moderating inflation in October pushed U.S. Treasury yields down further on Thursday after a strong rally the day before when Federal Reserve Chairman Jerome Powell said the U.S. central bank could ...

  9. Austan Goolsbee to run Chicago Fed after Evans exits
    Reuters | 02:42 PM EST

    -Austan Goolsbee, a former economic advisor to the Obama White House, will take over as the president of the Federal Reserve Bank of Chicago when its current chief Charles Evans exits in January under the central bank's age-based mandatory retirement rules. Goolsbee, 53, chaired the Council of Economic Advisors under Democratic President Barack Obama.

  10. Fed's Williams: Too high inflation calls for more Fed rate hikes
    Reuters | 01:54 PM EST

    -New York Federal Reserve President John Williams reiterated on Thursday in a television interview his belief that more interest rate rises will be needed to bring down overly high levels of price pressures.

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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