News Results

  1. Powell opens key week of Fedspeak as rate cut case develops
    Reuters | 01:13 AM EDT

    Federal Reserve Chair Jerome Powell on Monday kicks off what is shaping up as a key week of commentary from U.S. central bank officials taking stock of slowed inflation and mulling whether to signal the start of interest rate cuts because of it.

  2. Powell opens key week of Fedspeak as rate cut case develops
    Reuters | 01:13 AM EDT

    Federal Reserve Chair Jerome Powell on Monday kicks off what is shaping up as a key week of commentary from U.S. central bank officials taking stock of slowed inflation and mulling whether to signal the start of interest rate cuts because of it.

  3. In the Market: How regulators are using banks to illuminate shadow banks
    Reuters | 01:05 AM EDT

    - The Federal Reserve has proposed new rules that would allow it to gather granular details about banks' exposure to shadow banks, a move that shows how regulators are trying to understand the risks there and the limits of that approach. Shadow banks, a catch-all term for non-bank financial institutions like private funds and mortgage servicers, are lightly regulated and opaque.

  4. GRAPHIC-Just hold on: Five questions for the ECB
    Reuters | 01:00 AM EDT

    The European Central Bank meets on Thursday to take stock of how the euro zone economy is faring a month after it cut interest rates for the first time five years. Inflation has dropped since the ECB last met but has failed to budge in the dominant services sector. "They don't want to give away anything," said Dirk Schumacher, head of European macro research at Natixis.

  5. China's economy falters as property, consumer pain worsens
    Reuters | 07/14/24 11:18 PM EDT

    * China's Q2 GDP grows less than forecast. * Factory output, retail sales growth slows. * More policy support seen needed to keep growth on track. By Kevin Yao and Joe Cash.

  6. PRECIOUS-Gold eases, investors seek more cues on Fed's rate path
    Reuters | 07/14/24 11:15 PM EDT

    * China's Q2 GDP misses forecasts. * * US retail sales data due later this week. By Ashitha Shivaprasad. Gold prices dipped on Monday as the dollar held firm, while investors awaited comments from Federal Reserve officials and economic data for further cues on U.S. interest rate trajectory. Spot gold eased 0.1% at $2,409.54 per ounce, as of 0250 GMT.

  7. China's Q2 GDP misses estimate, strengthens stimulus bets
    Reuters | 07/14/24 10:39 PM EDT

    - China's economy slowed in the second quarter, data showed on Monday, as a protracted property downturn and job insecurity weighed on domestic demand, keeping alive expectations Beijing will need to unleash more stimulus.

  8. China's Q2 GDP misses forecasts, keeps stimulus calls alive
    Reuters | 07/14/24 10:19 PM EDT

    * China's Q2 y/y GDP grows 4.7%, slower than forecast. * Factory output, retail sales growth slows. * More policy support seen needed to keep growth on track. By Kevin Yao. China's economy slowed in the second quarter, data showed on Monday, as a protracted property downturn and job insecurity weighed on domestic demand, keeping alive expectations Beijing will need to unleash more stimulus.

  9. China's economy falters as property, consumer pain worsens
    Reuters | 07/14/24 10:19 PM EDT

    China's economy grew much slower than expected in the second quarter, as a protracted property downturn and job insecurity knocked the wind out a fragile recovery, keeping alive expectations Beijing will need to unleash even more stimulus.

  10. China's Q2 GDP grows 4.7% y/y, below forecast
    Reuters | 07/14/24 10:18 PM EDT

    China's economy expanded 4.7% in the second quarter from a year earlier, official data showed on Monday, missing analysts' expectations, even as policymakers seek to boost domestic demand amid a protracted property downturn. Analysts polled by Reuters had expected second-quarter gross domestic product to expand 5.1% from a year earlier, slowing slightly from 5.3% in the previous three months.

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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