News Results

  1. U.S. Automobile Dealer Sentiment: As Market Uncertainty Grows, Dealers Remain Pessimistic and Cautious
    PR Newswire | 06/10/24 07:22 PM EDT

    ATLANTA, June 10, 2024 /PRNewswire/ -- The latest Cox Automotive Dealer Sentiment Index remained stable from Q1 to Q2 2024 despite dealer uncertainty in the market and economy. Typically, the second quarter shows a decline in market expectations for the next three months, and Q2 2024 is no different.

  2. Federated Hermes Premier Municipal Income Fund declares dividend
    PR Newswire | 06/10/24 08:53 AM EDT

    PITTSBURGH, June 10, 2024 Federated Hermes Premier Municipal Income Fund (FMN) has declared a dividend. The increase in the dividend is the result of higher portfolio income from reinvestment at higher market yields and some stability in financing costs due to the Federal Reserve holding short-term interest rates steady since July 2023.

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.