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  1. Visa U.S. Spending Momentum Index Closed 2021 on a Strong Note
    Business Wire | 01/13/22 10:31 AM EST

    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.

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.