News Results

  1. GLOBAL MARKETS-Wall St rallies, dollar drops after cooler US inflation; Fed in the wings
    Reuters | 10:39 AM EDT

    U.S. stocks rallied and the dollar sank as cooler-than-expected inflation data fueled rate cut optimism, hours before the end of the U.S. Federal Reserve's monetary policy meeting. Benchmark U.S. Treasury yields were sharply lower after the Labor Department's closely watched CPI report showed core prices growing at their slowest annual pace in over three years.

  2. US STOCKS-Wall St up on inflation cheer; Apple reclaims title of world's most valuable company
    Reuters | 10:27 AM EDT

    * Apple (AAPL) overtakes Microsoft (MSFT) in market value. * May CPI data unexpectedly flat. * Fed policy announcement due at 2 p.m. ET. * Oracle up on double-digit FY25 revenue growth forecast. * Indexes up: Dow 0.70%, S&P 1.07%, Nasdaq 1.63% By Lisa Pauline Mattackal and Johann M Cherian.

  3. EXCLUSIVE: Federal Reserve To Hold Interest Rates Steady Wednesday? Here's How Investors Are Bracing For The Results
    Benzinga | 10:22 AM EDT

    Benzinga polled its readers to see what they thought ahead of the June Federal Open Market Committee on Wednesday. "How do you expect this decision to impact the stock market in the short term?" Benzinga asked. The survey also explored the primary concerns of the respondents regarding the Federal Reserve's decision.

  4. US consumer prices unchanged in May as inflation pressures abate
    Reuters | 10:14 AM EDT

    * Consumer price index unchanged in May. * CPI increases 3.3% on year-on-year basis. * Core CPI rises 0.2%; up 3.4% on year-on-year basis. By Lucia Mutikani.

  5. Fed likely to hold rates steady, project fewer cuts in 2024
    Reuters | 09:42 AM EDT

    The Federal Reserve is expected to leave interest rates unchanged on Wednesday, with new economic projections from the U.S. central bank's policymakers likely to show fewer rate cuts this year than previously anticipated.

  6. Fed seen on track to Sept rate cut after inflation data
    Reuters | 09:40 AM EDT

    - Federal Reserve policymakers may feel more confident that inflation is back on a downward path after a U.S. government report showed consumer prices did not rise at all in May, potentially paving the way for interest-rate cuts in coming months.

  7. Euro zone bond yields fall after U.S. inflation slows
    Reuters | 09:38 AM EDT

    Euro zone government bond yields dropped after cooler than expected U.S. inflation prompted markets to increase bets the Federal Reserve could cut interest rates as soon as September.

  8. PRECIOUS-Gold gains on soft inflation data ahead of Fed statement, projections
    Reuters | 09:34 AM EDT

    * U.S. CPI flat in May, defies expectations for slight rise. * Fed policy statement, projections due later on Wednesday. By Harshit Verma and Rahul Paswan.

  9. Factbox-Brokerages lift S&P 500 target on hopes for soft landing, rate cuts
    Reuters | 09:28 AM EDT

    -Brokerages have raised their year-end targets for the U.S. stocks benchmark S&P 500, spurred by expectations of a "soft landing" for the economy and growing odds the Federal Reserve will cut interest rates this year.

  10. Brazil's Lula says fiscal deficit to shrink with higher revenues, lower rates
    Reuters | 09:24 AM EDT

    Brazil's President Luiz Inacio Lula da Silva said on Wednesday that the country's fiscal deficit reduction will be achieved through increased revenues and lower borrowing costs, without affecting public investments. "We are getting our house in order and putting public finances in check to ensure fiscal balance," he said at an event hosted by the FII Institute in Rio de Janeiro.

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.

fir_news_results