News Results

  1. Trump says he may have to change his mind about firing Fed chair Powell
    Reuters | 06:10 PM EDT

    U.S. President Donald Trump said on Friday he may have to change his mind about firing Federal Reserve Chairman Jerome Powell. Trump made the comment in a lengthy social media post criticizing the Federal Reserve's decision to not lower interest rates. "I don't know why the Board doesn't override," Trump wrote. "Maybe, just maybe, I'll have to change my mind about firing him?

  2. Trump says he may have to change his mind about firing Fed chair Powell
    Reuters | 06:05 PM EDT

    U.S. President Donald Trump said on Friday he may have to change his mind about firing Federal Reserve Chairman Jerome Powell. Trump made the comment in a lengthy social media post criticizing the Federal Reserve's decision to not lower interest rates. "I don't know why the Board doesn't override," Trump wrote. "Maybe, just maybe, I'll have to change my mind about firing him?

  3. Fed split on whether to hedge on inflation, or proceed with cuts
    Reuters | 05:18 PM EDT

    The close split at the U.S. Federal Reserve over whether to keep hedging against inflation risks or move forward faster with rate cuts came through on Friday in the first public comments from policymakers following a decision this week to hold borrowing costs steady for now.

  4. Fed's Daly says a rate cut in the fall could be appropriate
    Reuters | 04:26 PM EDT

    -The fundamentals of the U.S. economy are moving to where an interest rate cut may be necessary, San Francisco Federal Reserve Bank President Mary Daly said on Friday, though she signaled a July rate cut would probably be too early.

  5. EMERGING MARKETS-Brazil's real set for third weekly gain after rate hike; Mexico's peso stumbles
    Reuters | 03:52 PM EDT

    The Brazilian real lost ground on Friday but still looked poised to notch its third straight week of gains after a surprise interest rate hike earlier in the week, while tumbling crude prices dragged ...

  6. Bank of Mexico seen cutting key rate by 50 basis points next week
    Reuters | 03:33 PM EDT

    -Mexico's central bank is expected to cut its key interest rate by half a percentage point again in its announcement next week, although it would moderate the pace of monetary tightening going forward amid rising inflation and weak economic growth.

  7. TREASURIES-Yields fall on Iran concerns, Waller says Fed should cut rates
    Reuters | 03:28 PM EDT

    * Iran war concerns boosts demand for Treasuries. * Trump to decide on Iran response in next two weeks. * Fed's Waller says bank should consider cutting rates. By Karen Brettell.

  8. US leading indicators slip in May, triggering recession signal, Conference Board says
    Reuters | 02:08 PM EDT

    -A measure of future U.S. economic activity fell in May for the sixth straight month and triggered a recession signal, held down by consumer pessimism, weak new orders for manufactured goods, an uptick in jobless benefits claims and a drop in building permit applications.

  9. US leading indicators slip in May, triggering recession signal, Conference Board says
    Reuters | 02:08 PM EDT

    -A measure of future U.S. economic activity fell in May for the sixth straight month and triggered a recession signal, held down by consumer pessimism, weak new orders for manufactured goods, an uptick in jobless benefits claims and a drop in building permit applications.

  10. Fed split on whether to hedge on inflation, or proceed with cuts
    Reuters | 12:50 PM EDT

    * Fed's Waller is open to cutting rates in July. * Barkin says no rush to cut. * Daly says the fall may be more appropriate for a rate cut. * Tariff rates, impact on inflation still unresolved. By Howard Schneider and Michael S. Derby.

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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