News Results

  1. Gold clings to record high on growing US rate-cut bets
    Reuters | 12:14 AM EDT

    - Gold prices firmed on Thursday to hover near a record peak hit in the previous session, as traders ramped up bets of an earlier start to interest-rate cuts by the U.S. Federal Reserve, constraining gains in the dollar and Treasury yields. Spot gold was up 0.3% at $2,464.90 per ounce as of 1155 GMT, having hit an all-time high of $2,483.60 on Wednesday.

  2. TREASURIES-Yields fall as Fed officials cite inflation progress
    Reuters | 07/17/24 03:46 PM EDT

    U.S. Treasury yields fell to a four-month low on Wednesday after top Federal Reserve officials cited progress in inflation easing closer to their 2% target, setting the stage for a likely first interest rate cut in September.

  3. GLOBAL MARKETS-Trade fears hamper tech stocks, dollar falls amid rate cut talk
    Reuters | 07/17/24 03:06 PM EDT

    * Trade curb prospects weigh on tech stocks. * Dollar plumbs four-month lows on rate cut talk. * Yen rises after possible intervention. By Isla Binnie. Possible U.S. trade curbs on chip equipment weighed on tech stocks in global equity indexes on Wednesday, while Treasury yields and the dollar eased as top Federal Reserve officials indicating they were getting closer to cutting interest rates.

  4. Trade fears hamper tech stocks, dollar falls amid rate cut talk
    Reuters | 07/16/24 10:14 PM EDT

    Global equity indexes mostly fell on Wednesday as possible U.S. trade curbs on chip equipment pulled tech stocks lower, while Treasury yields and the dollar both hit four-month lows as Federal Reserve officials indicated the central bank was getting closer to cutting interest rates.

  5. GLOBAL-MARKETS-Stocks rise, dollar flat on solid data and rate cut prospects
    Reuters | 07/16/24 05:27 PM EDT

    * U.S. stocks end higher. * Treasury yields ease. * U.S. oil prices settle lower. By Isla Binnie and Caroline Valetkevitch. World stock indexes mostly rose and the U.S. dollar gained against the yen on Tuesday after solid U.S. retail sales data was taken as supporting prospects the Federal Reserve will ease rates to rein in inflation while aiming to avoid a recession.

  6. TREASURIES-10-year yields fall to four-month low on rate cut bets
    Reuters | 07/16/24 03:54 PM EDT

    Benchmark 10-year U.S. Treasury yields fell to a four-month low on Tuesday on expectations that the Federal Reserve is getting closer to cutting interest rates. Treasury yields have tumbled this month as softer jobs data and easing inflation boost the odds of a September rate cut.

  7. GLOBAL MARKETS-Stocks, dollar bask in US data afterglow, rate cuts eyed
    Reuters | 07/16/24 03:23 PM EDT

    * S&P 500 holds on to early gains. * Treasury yields slip further. * U.S. oil prices settle lower. By Isla Binnie and Caroline Valetkevitch. World stock indexes mostly stayed higher and the U.S. dollar held on to gains on Tuesday after solid U.S. retail sales data signalled resilience in the economy.

  8. GLOBAL MARKETS-Stocks, dollar gain after US retail sales data; focus still on Trump
    Reuters | 07/16/24 12:08 PM EDT

    * S&P 500 up in early trading. * Treasury yields slip. * Oil prices fall. By Isla Binnie and Amanda Cooper. World stock indexes mostly rose and the U.S. dollar strengthened on Tuesday after solid U.S. retail sales signalled resilience in the economy. Data released on Tuesday showed. retail sales unchanged in June from a May reading that was higher than initially estimated.

  9. PRECIOUS-Gold sprints to all-time high as Fed rate-cut hopes boost demand
    Reuters | 07/16/24 11:17 AM EDT

    * US 10-year Treasury yield hovers near 4-month low. * Traders price-in 25 bps Fed rate cut in Sept. * Gold outlook remains positive - analyst. By Brijesh Patel and Rahul Paswan.

  10. TREASURIES-US yields pare losses after solid retail sales
    Reuters | 07/16/24 10:40 AM EDT

    Longer-dated U.S. Treasury yields pared losses on Tuesday after better-than-expected U.S. retail sales data for June. The yields were lower on the day, however, as investors balanced the likelihood of an impending Federal Reserve interest rate cut against possibly inflationary policies if Donald Trump wins the November U.S. presidential election.

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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