News Results

  1. U.S. economic outlook weakens, inflation set to persist - Philly Fed survey
    Reuters | 05/13/22 10:06 AM EDT

    - The U.S. economic outlook has weakened and inflation is set to remain higher than previously expected for a while yet, a Federal Reserve Bank of Philadelphia survey of professional economic forecasters showed on Friday.

  2. Wall Street rallies, weekly losing streak continues
    Reuters | 05/13/22 09:35 AM EDT

    Wall Street surged on Friday to end higher, closing the book on a week of wild market gyrations as relief at signs of peaking inflation vied with fears that policy tightening by the Federal Reserve could tilt the economy into recession.

  3. U.S. consumer sentiment approaches 11-year low, monthly import prices unchanged
    Reuters | 05/13/22 09:34 AM EDT

    U.S. consumer sentiment slumped to its lowest level in nearly 11 years in early May as worries about inflation persisted, but household spending remains underpinned by a strong labor market and massive savings, which should keep the economy expanding.

  4. U.S. consumer sentiment approaches 11-year low, monthly import prices unchanged
    Reuters | 05/13/22 09:28 AM EDT

    * Consumer sentiment index falls 9.4% to 59.1 in May. * Import prices unchanged in April, up 12.0% year-on-year. By Lucia Mutikani. U.S. consumer sentiment slumped to its lowest level in nearly 11 years in early May as worries about inflation persisted, but household spending remains underpinned by a strong labor market and massive savings, which should keep the economy expanding.

  5. Security Benefit Adds An ?A? Financial Strength Rating
    Business Wire | 05/13/22 09:02 AM EDT

    DBRS Morningstar notes strong financials, an effective brand, and prudent capital positioning Security Benefit, a leader in the U.S. retirement market, today announced that DBRS Morningstar has assigned a Financial Strength Rating of ?A? to Security Benefit Life Insurance Company* and First Security Benefit Life Insurance & Annuity Company of New York.

  6. AM Best Assigns Issue Credit Rating to Ameriprise Financial, Inc.?s New Senior Unsecured Notes
    Business Wire | 05/13/22 08:55 AM EDT

    AM Best has assigned a Long-Term Issue Credit Rating of ?a-? to the recently announced $500 million, 4.5% 10-year senior unsecured notes, due May 13, 2032, issued by Ameriprise Financial, Inc. (AMP) [NYSE: AMP]. The outlook assigned to the Credit Rating is stable. The proceeds from this debt issuance are expected to be used for general corporate purposes.

  7. METALS-Copper heads for sixth weekly loss on recession fears
    Reuters | 05/13/22 07:32 AM EDT

    Copper climbed in volatile trade on Friday, as the dollar lost ground, but prices were still on track for their sixth consecutive week of losses on mounting fears a global economic slowdown would dampen demand. Copper is used in power and construction sectors and widely seen as a barometer of global economic growth.

  8. U.S. bond funds see biggest weekly outflow in four weeks
    Reuters | 05/13/22 07:20 AM EDT

    - U.S. bond funds saw a surge in outflows in the week to May 11 on concerns over higher inflation readings, which cemented expectations of aggressive rate hikes by the Federal Reserve. According to Refinitiv Lipper data, U.S. bond funds faced capital withdrawals for the 18th straight week, amounting to $10.42 billion, nearly twice the $5.9 billion in disposals in the previous week.

  9. Wall Street rallies, weekly losing streak continues
    Reuters | 05/13/22 06:59 AM EDT

    Wall Street surged on Friday to end higher, closing the book on a week of wild market gyrations as relief at signs of peaking inflation vied with fears that policy tightening by the Federal Reserve could tilt the economy into recession.

  10. PRECIOUS-Gold heads for fourth weekly dip as dollar, Fed hike bets dim appeal
    Reuters | 05/13/22 06:58 AM EDT

    Gold fell on Friday and was headed for a fourth consecutive weekly decline pressured by overall strength in the dollar on prospects of aggressive interest rate hikes by the U.S. Federal Reserve.

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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