Visa today announced that the U.S. Spending Momentum Index was 108.4 in December, its strongest reading for the month since the start of the index. The Visa SMI is an economic indicator of the health of consumer spending. By category, the SMI for discretionary purchases fell 4.9 points from the previous month to 103.
KBRA releases research that discusses the private label commercial mortgage-backed securities market?s continued reliance on the London Interbank Offered Rate in 2021, despite the looming cessation of the index.
TA Associates, a leading global growth private equity firm, today announced promotions earned by investment staff members in TA?s Boston, Menlo Park, London, Mumbai and Hong Kong offices, effective January 1, 2022.
In November, home prices across the United States rose at a slower pace than the month prior but continued to appreciate at higher than 2021 average monthly rates. This press release features multimedia. The Radian HPI also rose +13.4 percent year-over-year.
First Interstate BancSystem, Inc. (FIBK), parent company of First Interstate Bank, and Great Western Bancorp, Inc. (GWB), parent company of Great Western Bank, today jointly announced that they have received the required regulatory clearances from the Board of Governors of the Federal Reserve System and the Montana Division of Banking and Financial Institutions related to the proposed merger of FIBK and GWB...
Intercontinental Exchange, Inc. (ICE), a leading global provider of data, technology, and market infrastructure, today announced that it has transitioned all open interest held in its LIBOR-based Three Month Sterling futures and options and Three Month Euro Swiss Franc futures into their risk free rate equivalent contracts, Three Month SONIA Index futures and options and Three Month SARON Index futures.
Supply chain challenges will continue to disrupt key industries; inflation to diminish starting in the second half of the year Multiple transitions will impact the global economy next year: COVID-19 moving from pandemic to endemic, fiscal policy stimulus to restraint and an energy transition from hydrocarbons to renewables.
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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