News Results

  1. Oil falls 2% on Powell comments, hopes for Venezuela supply
    Reuters | 10:50 PM EDT

    After hitting seven-week highs, oil prices slumped 2% on Tuesday as Reuters reported that the United States could ease some restrictions on Venezuela's government, raising hopes that the market could see some additional supplies. Prices also fell after Federal Reserve Chairman Jerome Powell warned the economy could be hurt by attempts to reduce inflation.

  2. Safe-haven dollar eases after Wednesday's jump, but risk sentiment remains fragile
    Reuters | 10:32 PM EDT

    Safe-haven currencies, including the dollar, eased on Thursday, pausing for breath after big gains the previous session as Wall Street stocks tumbled amid mounting concerns that aggressive tightening by the Federal Reserve and other global central banks could choke growth.

  3. FOREX-Safe-haven dollar eases after Wednesday's jump, but risk sentiment remains fragile
    Reuters | 10:29 PM EDT

    Safe-haven currencies, including the dollar, eased on Thursday, pausing for breath after big gains the previous session as Wall Street stocks tumbled amid mounting concerns that aggressive tightening by the Federal Reserve and other global central banks could choke growth.

  4. METALS-LME copper flat as global growth woes sap risk appetite
    Reuters | 10:28 PM EDT

    London copper prices were flat on Thursday, as mounting worries over a global economic slowdown amid aggressive policy tightening by the U.S. Federal Reserve and ongoing lockdowns in China dented investors' risk appetite. FUNDAMENTALS. * Benchmark three-month copper on the London Metal Exchange was steady at $9,236.50 a tonne, as of 0213 GMT, after dropping 1.4% in the previous session.

  5. Australia boasts lowest unemployment since 1974 in nod for rate hikes
    Reuters | 09:50 PM EDT

    Australia's unemployment rate stood at its lowest in almost 50 years in April as firms took on more full-time workers, a tightening in the labour market that will ratchet up pressure for further hikes in interest rates. Figures from the Australian Bureau of Statistics on Thursday showed the jobless rate held at 3.9% in April, from a downwardly revised 3.9% in March, matching market forecasts.

  6. Exclusive-Japan Inc turns against central bank's monetary stimulus, Reuters survey shows
    Reuters | 07:09 PM EDT

    More than 60% of Japanese companies want the central bank to end its policy of massive monetary easing this fiscal year due to pain from the weak yen, with roughly a quarter calling for it to take action now, a Reuters survey shows.

  7. JPMorgan cuts U.S. GDP estimates for 2022 and 2023
    Reuters | 06:02 PM EDT

    - JPMorgan on Wednesday cut its expectation for U.S. real gross domestic product for the second half of 2022 and for 2023.

  8. Fed's Harker: soft landing possible, not forecasting recession
    Reuters | 04:35 PM EDT

    - Philadelphia Federal Reserve Bank President Patrick Harker on Wednesday said he believes the central bank can bring inflation down without sending the economy into a recession, in part because the labor market is currently strong.

  9. Fed policymakers map out shift to 'measured' hikes
    Reuters | 04:07 PM EDT

    -Two U.S. central bankers say they expect the Federal Reserve to downshift to a more measured pace of policy tightening after July as it seeks to quell inflation without lifting borrowing costs so high that they send the economy into recession.

  10. FOREX-Dollar recovers ground as risk appetite fades
    Reuters | 02:51 PM EDT

    The U.S. dollar rose on Wednesday, on pace to snap a three-session losing streak, as concerns about the outlook for global economic growth and rising inflation knocked sentiment a day after U.S. Federal Reserve Chair Jerome Powell struck a more hawkish tone.

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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