News Results

  1. Powell places faster bond-buying taper on Fed's Christmas table
    Reuters | 11/30/21 01:11 AM EST

    -U.S. central bankers in December will discuss whether to end their bond purchases a few months earlier than had been anticipated, Federal Reserve Chair Jerome Powell said on Tuesday, pointing to a strong economy, stalled workforce growth, and high inflation that is expected to last into mid-2022.

  2. Powell, Yellen head to Congress as inflation, variant risks rise
    Reuters | 11/30/21 01:00 AM EST

    U.S. lawmakers on Tuesday are expected to grill the heads of the Federal Reserve and Treasury Department over stubbornly high inflation and the possible impact of the new Omicron COVID-19 variant on what both officials view as a strong economy.

  3. GLOBAL MARKETS-Asia share markets weaken as Moderna CEO warns on Omicron
    Reuters | 11/30/21 12:56 AM EST

    Asian share markets weakened sharply in late trading Tuesday, giving up earlier gains as investors worried the Omicron variant will prove more resistant to vaccines and could cause more widespread global economic disruption.

  4. Upbeat Australian exports, public spending temper Q3 GDP slide
    Reuters | 11/29/21 10:21 PM EST

    Australia's economy got a much-needed boost from strong exports and government stimulus spending in the third quarter which should have at least tempered the huge hit to activity from coronavirus lockdowns.

  5. METALS-Copper ticks higher as new virus variant fears abate
    Reuters | 11/29/21 10:19 PM EST

    London copper edged higher on Tuesday, supported by risk-on sentiment as fears of the new COVID-19 variant affecting global recovery receded. Three-month copper on the London Metal Exchange rose 0.1% to $9,585 a tonne by 0250 GMT.

  6. China factory activity unexpectedly grows as some bottlenecks ease
    Reuters | 11/29/21 10:08 PM EST

    China's factory activity unexpectedly picked up in November, growing for the first time in three months as the crippling surge in raw material prices and power rationing eased, taking some pressure off the manufacturing sector. The official manufacturing Purchasing Managers' Index rose to 50.1 in November from 49.2 in October, data from the National Bureau of Statistics showed on Tuesday.

  7. Japan's output rises for first time in 4 months as supply snags ease for carmakers
    Reuters | 11/29/21 08:44 PM EST

    * Oct output gain offers hope for economic recovery. * Auto recovery offsets stagnation in manufacturers. * Manufacturers see output jumping in Nov, Dec. * Oct jobless rate down to 7 month-low of 2.7% By Kantaro Komiya.

  8. China factory activity unexpectedly grows as some bottlenecks ease
    Reuters | 11/29/21 08:28 PM EST

    * Nov manufacturing PMI inches back into expansion. * Nov services PMI slips on new lockdowns. * Price pressures, power rationing ease. China's factory activity unexpectedly picked up in November, growing for the first time in three months as the crippling surge in raw material prices and power rationing eased, taking some pressure off the manufacturing sector.

  9. China Nov non-manufacturing PMI edges lower to 52.3 from 52.4 in Oct
    Reuters | 11/29/21 08:12 PM EST

    Activity in China's services sector grew at a slightly slower pace in November, official data showed on Tuesday, as the sector took a hit from fresh lockdown measures as authorities raced to contain the latest outbreak. The official non-manufacturing Purchasing Managers' Index fell to 52.3 in November from 52.4 in October, data from the National Bureau of Statistics showed.

  10. China factory activity grows in November for first time since August - PMI
    Reuters | 11/29/21 08:08 PM EST

    China's factory activity unexpectedly expanded in November, growing for the first time since August as supply snags and power rationing abated, taking some pressure off a sector grappling with high raw material prices. The official manufacturing Purchasing Manager's Index was at 50.1 in November, up from 49.2 in October, data from the National Bureau of Statistics 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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