News Results

  1. Bank Of America Predicts First Rate Cut In December: 'Higher-For-Longer Flavor'
    Benzinga | 06/21/24 10:25 AM EDT

    Bank of America?s latest economic outlook for the U.S. paints a complex picture of steady but gradually fading economic growth, persistent inflation and a delayed start to the Federal Reserve?s rate cuts. The bank?s economist, Michael Gapen, emphasizes a ?higher-for-longer? rates environment, with the first rate cut expected only in December.

  2. Mortgage Rates Fall For Third Straight Week With Signs Of Lower Inflation, Fed Rates
    Benzinga | 06/20/24 04:12 PM EDT

    Mortgage rates have declined for the third consecutive week following signs of cooling inflation and lower interest rates from the Federal Reserve, according to Freddie Mac . The 30-year fixed mortgage rate averaged 6.87% as of Thursday, down from last week?s average of 6.95%. A year ago, the rate registered an average of 6.67%, Freddie Mac?s Primary Mortgage Survey showed.

  3. US Economy 'In State Of Unstable Equilibrium,' Study Finds
    Benzinga | 06/20/24 03:39 PM EDT

    The U.S. economy initially showed greater resilience than expected after the Federal Reserve began raising interest rates in March 2022. Rate hikes by the Fed have limited growth as higher borrowing costs have hurt debt-heavy consumers, businesses and banks, the Apollo Academy study showed.

  4. Interest Rate Decisions: Bank Of England Holds Firm, Swiss National Bank Reduces Further ? Will Fed Cut In September?
    Benzinga | 06/20/24 11:29 AM EDT

    UK-related exchange-traded funds ticked up in Thursday?s early-morning trading as the Bank of England decided to keep rates steady, while the Swiss National Bank cut its key rate. iShares MSC United Kingdom ETF edged up 0.66% by mid-morning trading on Thursday, while Franklin FTSE United Kingdom ETF (FLGB) rose 0.7%. Meanwhile, First Trust United Kingdom AlphaDEX Fund (FKU) picked up 0.57% at the tim...

  5. The Pound Froze Ahead Of The Bank Of England Meeting
    Benzinga | 06/20/24 10:10 AM EDT

    By RoboForex Analytical Department. The GBP/USD pair is balancing around 1.2709 on Thursday, after the British pound rose in price against the US dollar for three consecutive days and finally paused. The Bank of England will convene for its regular meeting today, at which the regulator will review all the collected statistics and decide on the interest rate level.

  6. US Treasuries Set To Break Even After Rocky First Half Of 2024
    Benzinga | 06/20/24 09:43 AM EDT

    U.S. Treasuries?are poised to come in even despite having a very volatile first six months of 2024. A Bloomberg index of returns in this bond market has declined a mere 0.1% for the year. The rebound indicates that investor outlook might be positive in light of falling U.S. prices prompting the Federal Reserve to cut interest rates sooner.

  7. Dow Edges Lower; US Current Account Deficit Widens In Q1
    Benzinga | 06/20/24 09:42 AM EDT

    U.S. stocks traded mixed this morning, with the S&P 500 gaining around 0.1% on Thursday. Following the market opening Thursday, the Dow traded down 0.10% to 38,795.35 while the NASDAQ rose 0.16% to 17,890.82. The S&P 500 also rose, gaining, 0.12% to 5,493.76. Check This Out: Workday To Rally Over 52%? Leading and Lagging SectorsFinancial shares jumped by 0.6% on Thursday.

  8. Jobless Claims Exceed Estimates, Philly Fed Index Declines, Housing Starts And Permits Fall Sharply: Thursday's Economic Digest
    Benzinga | 06/20/24 09:12 AM EDT

    Economic data released Thursday morning revealed slightly higher-than-expected weekly unemployment claims, sharp contractions in housing starts and building permits, and a drop in a business outlook survey within the Philadelphia Federal Reserve District.

  9. Chinese Central Bank Governor Dismisses Bond Trading As Monetary Easing Tool, Economists Note It Is A More Frequent Necessity
    Benzinga | 06/19/24 02:51 AM EDT

    Pan Gongsheng, governor of the Chinese central bank, People?s Bank of China, dismissed the idea that its bond trading is a form of massive monetary easing. What Happened: Gongsheng clarified that the bond trading would be a liquidity management tool involving both buying and selling, the Wall Street Journal reported on Wednesday.

  10. Jerome Powell 'Playing With Fire,' Says Recession Rule Creator Claudia Sahm About Fed's Inaction On Interest Rate Cuts: 'I'm Not Sure What They're Waiting For'
    Benzinga | 06/18/24 10:38 PM EDT

    Economist Claudia Sahm cautioned that the Federal Reserve?s reluctance to cut interest rates could potentially push the economy into a recession. What Happened: Sahm, the economist behind the ?Sahm Rule,? which predicts recessions based on unemployment rates, is concerned about the current trajectory of the U.S. economy.

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.