News Results

  1. GLOBAL MARKETS-Stocks reboot after tech slide, ECB keeps Europe guessing
    Reuters | 09:07 AM EDT

    * Euro near 4-month high ahead of ECB meeting. * September rate cut signals awaited. * Gold holds near record highs. * Graphic: World FX rates http://tmsnrt.rs/2egbfVh Graphic: World FX rates http://tmsnrt.rs/2egbfVh. By Marc Jones.

  2. IMF says U.S. should raise taxes, wait until late 2024 to cut rates
    Reuters | 09:07 AM EDT

    The International Monetary Fund on Thursday said the U.S. Federal Reserve should not cut interest rates until "late 2024" and the government needs to raise taxes to slow the growing federal debt -- including on households earning less than President Joe Biden's $400,000-a-year threshold.

  3. Big central banks are starting to cut rates, slowly
    Reuters | 09:05 AM EDT

    The move to ease monetary policy among major central banks is proving much slower than the race to jack up interest rates from late 2021 to curtail surging inflation. The European Central Bank left rates steady on Thursday, after delivering a first cut in June. Here's where leading central banks stand and what they are expected to do next: 1/ SWITZERLAND.

  4. EXCERPTS-South African central bank governor's comments on rate decision
    Reuters | 09:02 AM EDT

    Below are some quotes from South African Reserve Bank Governor Lesetja Kganyago at a news conference to announce the central bank's latest interest rate decision. INFLATION. "The most recent headline print, for May, was 5.2%, unchanged from April and still in the top half of our target range." "The outlook, however, has improved somewhat.

  5. Lagarde's statement after ECB policy meeting
    Reuters | 09:02 AM EDT

    Following is the text of European Central Bank President Christine Lagarde's statement after the bank's policy meeting on Thursday: Click here for full ECB statement. Good afternoon, the Vice-President and I welcome you to our press conference. The Governing Council today decided to keep the three key ECB interest rates unchanged.

  6. GRAPHIC-Big central banks are starting to cut rates, slowly
    Reuters | 09:00 AM EDT

    The move to ease monetary policy among major central banks is proving much slower than the race to jack up interest rates from late 2021 to curtail surging inflation. The European Central Bank left rates steady on Thursday, after delivering a first cut in June. Here's where leading central banks stand and what they are expected to do next: 1/ SWITZERLAND.

  7. US weekly jobless claims increase more than expected
    Reuters | 08:39 AM EDT

    The number of Americans filing new applications for unemployment benefits rose more than expected last week, but there has been no material shift in the labor market and the data is typically noisy in July because of summer breaks and temporary factory closures.

  8. US weekly jobless claims increase more than expected
    Reuters | 08:36 AM EDT

    The number of Americans filing new applications for unemployment benefits rose more than expected last week, but there has been no material shift in the labor market and the data is typically noisy in July because of summer breaks and temporary factory closures.

  9. Marsh McLennan's profit gets a lift from higher interest rates
    Reuters | 08:34 AM EDT

    Insurance brokerage firm Marsh McLennan's (MMC) second-quarter adjusted profit rose 8.5%, helped by higher interest income from funds held on behalf of clients. The U.S. Federal Reserve maintaining a high interest-rate environment has helped firms such as Marsh McLennan (MMC) earn higher income on funds they hold on behalf of clients, or in a fiduciary capacity.

  10. Euro holds firm after ECB leaves options open for Sept cut
    Reuters | 08:28 AM EDT

    The euro held steady on Thursday, as did euro zone government bond yields after the European Central Bank left interest rates unchanged, and did not signal a cut in September was imminent. The euro was last at $1.09325, having traded around $1.09278 earlier.

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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