News Results

  1. 2023 U.S. Latino Economy Reaches $3.2 Trillion: 2023 Official LDC U.S. Latino GDP Report Provides New Data and Insights on Spending Power, Economic Progress, and Population Growth
    Business Wire | 07:30 AM EDT

    The release of the new report kicks off the 2023 L?ATTITUDE Conference in Miami, Florida, creating a national platform for deeper analysis and discussion by top U.S. Latino business leaders about The New Mainstream Economy The Latino Donor Collaborative, a nonprofit organization and think tank dedicated to producing research that highlights economic opportunities for growth, has released its hi...

  2. Sterling hits fresh six-month low against dollar as BoE seen done with hikes
    Reuters | 06:50 AM EDT

    Sterling fell to a fresh six-month low against a strengthening dollar on Wednesday as markets are pricing in that the Bank of England is done hiking interest rates as the economy deteriorated, while British inflation subsided.

  3. ECB's Holzmann calls for minimum reserve of up to 10% for commercial banks -WiWo
    Reuters | 06:46 AM EDT

    European Central Bank policymaker Robert Holzmann has called for commercial banks to hold a minimum reserve of up to 10% with the bank, German news outlet WirtschaftsWoche reported on Wednesday. "I suggest that the banks deposit more money with us as a minimum reserve without interest, as was the case in the past," the Austrian central bank chief told WirtschaftsWoche in an interview.

  4. Thai central bank unexpectedly hikes key rate, raises 2024 growth outlook
    Reuters | 06:24 AM EDT

    Thailand's central bank unexpectedly raised its key interest rate for an eighth straight meeting on Wednesday, saying economic growth and inflationary pressures should pick up next year despite rising global uncertainties. The central bank said the rate had now reached a 'neutral' level and was appropriate for supporting long-term sustainable growth in Southeast Asia's second-largest economy.

  5. Marketmind: Markets catch breath after bruising recoil
    Reuters | 06:04 AM EDT

    The Federal Reserve has been so successful in preventing markets from running away with the prospect of peak interest rates, it may have overdone it and be minded to row back a bit. Such is the jolt to bonds and stocks since the Fed dangled one last rate hike over markets last week, the sharp tightening of financial conditions since may have done much of the work for it already.

  6. MORNING BID AMERICAS-Markets catch breath after bruising recoil
    Reuters | 06:01 AM EDT

    The Federal Reserve has been so successful in preventing markets from running away with the prospect of peak interest rates, it may have overdone it and be minded to row back a bit. Such is the jolt to bonds and stocks since the Fed dangled one last rate hike over markets last week, the sharp tightening of financial conditions since may have done much of the work for it already.

  7. PRECIOUS-Gold retreats as higher Fed rate bets support dollar
    Reuters | 05:57 AM EDT

    * Dollar at 10-month high as Treasury yields remain elevated. * Kashkari: 40% chance of Fed needing 'meaningfully' higher rates. * SPDR Gold Trust holdings at lowest since August 2019. By Deep Kaushik Vakil. Sept 27 - Gold prices fell to the lowest in more than a month on Wednesday as the prospect of U.S. interest rates staying higher for longer boosted the dollar.

  8. China former deputy central bank governor Fan charged with bribery - Chinese state media
    Reuters | 04:09 AM EDT

    China's former deputy central bank governor, Fan Yifei, has been charged by authorities with bribery, China's state news agency Xinhua reported on Wednesday.

  9. GLOBAL-MARKETS-Asia stocks mixed, investors grapple with impact of higher rates
    Reuters | 02:57 AM EDT

    By Julie Zhu. Asia stocks traded mixed on Wednesday and benchmark U.S. Treasury yields were near multi-year highs, as investors sour on both stocks and bonds amid worries about the impact of higher-for-longer interest rates.

  10. Japan yields drift as traders seek balance between hawkish Fed, dovish BOJ
    Reuters | 02:52 AM EDT

    Japanese government bond yields were mixed on Wednesday in a largely directionless session, as investors sought to balance the "higher for longer" outlook for overseas interest rates against a dovish redux at the Bank of Japan. The benchmark 10-year JGB yield was flat at 0.74%, after earlier sinking as low as 0.73% amid pressure from a retreat in U.S. yields from more than decade highs.

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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