News Results

  1. U.S. consumer confidence slips; house prices surge
    Reuters | 11:32 AM EST

    U.S. consumer confidence fell more than expected in November amid a widespread resurgence in new COVID-19 infections and business restrictions, reinforcing expectations for a sharp slowdown in economic growth in the fourth quarter. The survey from the Conference Board on Tuesday followed on the heels of reports this month showing a moderation in job growth and retail sales in October.

  2. U.S. consumer confidence slips; house prices surge
    Reuters | 11:25 AM EST

    * Consumer confidence index falls to 96.1 in November. * House prices increase 6.6% year-on-year in September. By Lucia Mutikani. U.S. consumer confidence fell more than expected in November amid a widespread resurgence in new COVID-19 infections and business restrictions, reinforcing expectations for a sharp slowdown in economic growth in the fourth quarter.

  3. Erdogan's snap economic rethink prompted by bleak briefings -Turkish sources
    Reuters | 11:05 AM EST

    * President warned of "major" unemployment wave in briefings. * Central bank chief ousted, then finance minister resigned. * Quick pivot after Biden election and before new virus curbs. By Orhan Coskun and Jonathan Spicer.

  4. Thai central bank concerned about baht leap, but no pressing need for QE
    Reuters | 09:09 AM EST

    Thailand's central bank governor said on Tuesday the speedy rise of the country's baht currency was causing concern, but played down the chance of launching unconventional measures such as mass bond purchases any time soon.

  5. Nigerian central bank holds benchmark lending rate at 11.5%
    Reuters | 09:00 AM EST

    Nigeria's central bank held its benchmark lending rate at 11.5% on Tuesday, its governor Godwin Emefiele said. Prior to Tuesday's meeting, the last of 2020, the bank had cut the rate on two occasions this year - both by 100 basis points. Emefiele said all 10 members of the monetary policy committee had voted to stick to the rate.

  6. Nigeria's central bank holds benchmark lending rate at 11.5%
    Reuters | 08:35 AM EST

    Nigeria's central bank held its benchmark lending rate on Tuesday at 11.5%, its governor Godwin Emefiele said. Prior to Tuesday's meeting, the last of 2020, the bank had this year cut the rate on two occasions - both by 100 basis points.

  7. Thai c.bank concerned about baht leap, no pressing need for QE
    Reuters | 07:45 AM EST

    Thailand's central bank governor said on Tuesday the speedy rise of the country's baht currency was causing concern, but played down the chance of launching unconventional measures such as mass bond purchases any time soon.

  8. Brazil mid-November inflation rises to 4.2% annual rate, above cenbank target
    Reuters | 07:22 AM EST

    Brazil's IPCA-15 consumer price index rose 0.8% in the month to mid-November, statistics agency IBGE said on Tuesday, the highest November reading for five years as food prices continued to boost overall inflation.

  9. BOJ Kuroda calls for vigilance to financial imbalance risk
    Reuters | 07:21 AM EST

    Bank of Japan Governor Haruhiko Kuroda said on Tuesday policymakers must be vigilant to the risk of new financial imbalances and a shift in economic changes posed by the coronavirus pandemic. "Due attention must be paid to the possibility that a shift in the challenges facing firms and households from liquidity to solvency could affect the future financial system," Kuroda said.

  10. Mexico unemployment rate falls to 4.7% in October
    Reuters | 07:14 AM EST

    Mexico's unemployment rate eased to 4.7% in October from 5.1% in September, as an economic recovery from the coronavirus pandemic continued, data from national statistics office INEGI showed on Tuesday.

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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