News Results

  1. PRECIOUS-Gold eases as Fed signals slower policy easing, platinum scales 10-year high
    Reuters | 04:41 AM EDT

    * * Israel attacks Iranian nuclear sites. * Iranian missile damages Israeli hospital. * Platinum at over 10-year high. By Anushree Mukherjee. June 19 - Gold prices edged down on Thursday, after the U.S. Federal Reserve signalled a hawkish interest rate outlook, while platinum scaled its highest level since September 2014 on speculative buying.

  2. Norway central bank cuts rates in surprise move, eyes further reduction
    Reuters | 04:18 AM EDT

    Norway's central bank cut its policy interest rate by 25 basis points to 4.25% on Thursday, its first reduction since 2020 and with more to come later this year, in a decision that took most analysts by surprise and weakened the currency.

  3. Norway central bank cuts rates in surprise move, eyes further reduction
    Reuters | 04:06 AM EDT

    * Cuts rate to 4.25% in first reduction since 2020. * Plans to cut again this year. * Says inflation has come down faster than expected. * Most analysts had predicted rates would stay on hold. * Currency weakens against the euro. By Terje Solsvik.

  4. Norway central bank cuts rates for the first time in 5 years, in surprise move
    Reuters | 04:02 AM EDT

    Norway's central bank cut its policy interest rate by 25 basis points to 4.25% on Thursday, its first reduction of borrowing costs in five years, in a decision that took most analysts by surprise.

  5. SNB chairman aware of 'undesirable' effects of negative rates
    Reuters | 04:00 AM EDT

    The Swiss National Bank is aware of the "undesirable side effects" of negative interest rates, Chairman Martin Schlegel said on Thursday, although the measure had been an important instrument when deployed in the past.

  6. SNB lowers outlook for global economy due to trade tensions
    Reuters | 04:00 AM EDT

    The outlook for the global economy in the coming quarters has deteriorated due to higher trade tensions, Swiss National Bank governing board member Petra Tschudin said on Thursday, "In our baseline scenario, we anticipate that growth in the global economy will weaken over the coming quarters," Tschudin said in a speech after the SNB's latest interest rate decision.

  7. China likely to keep lending rates steady after May cut, trade truce
    Reuters | 03:53 AM EDT

    China is widely expected to keep its benchmark lending rates unchanged at a monthly fixing on Friday, a Reuters survey showed, after Beijing rolled out sweeping monetary easing measures a month earlier to aid the economy.

  8. Swiss National Bank cuts rates to zero with inflation negative, global outlook cloudy
    Reuters | 03:52 AM EDT

    * SNB cuts rates with inflation negative and franc strong. * SNB anticipates weaker global growth, rising US inflation. * Analysts suggest SNB may pause rate cuts unless economy worsens. By John Revill.

  9. China likely to keep lending rates steady after May cut, trade truce
    Reuters | 03:47 AM EDT

    China is widely expected to keep its benchmark lending rates unchanged at a monthly fixing on Friday, a Reuters survey showed, after Beijing rolled out sweeping monetary easing measures a month earlier to aid the economy.

  10. Syria expects first transfer with U.S. bank 'within weeks', governor says
    Reuters | 03:36 AM EDT

    Syria expects to have its first transaction with a U.S. bank "in a matter of weeks", Syrian central bank governor Abdelkader Husriyeh said on Thursday, a day after a high-level meeting between Syrian and U.S. commercial banks.

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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