News Results

  1. U.S. labor market in spotlight as weekly jobless claims hit 4-month high
    Reuters | 05/19/22 08:43 AM EDT

    By Lucia Mutikani. The number of Americans filing new claims for unemployment benefits unexpectedly rose last week, reaching a four month-high and potentially hinting at some cooling in demand for workers amid tightening financial conditions.

  2. U.S. weekly jobless claims rise; continuing claims lowest since 1969
    Reuters | 05/19/22 08:41 AM EDT

    New claims for U.S. unemployment benefits unexpectedly rose last week, but the labor market remains tight amid worker shortages, with the number of Americans on jobless rolls at its lowest since 1969 in early May. Initial claims for state unemployment benefits increased 21,000 to a seasonally adjusted 218,000 for the week ended May 14, the highest level since January, the Labor Department said ...

  3. Rapidly Rising Rates and Persistent Inflation Further Soften Economic Outlook
    PR Newswire | 05/19/22 08:30 AM EDT

    Housing Activity Expected to Slow Further as Affordability Worsens WASHINGTON, May 19, 2022 ?Persistent inflation, rising interest rates, and a slowdown of global economic growth are the primary contributing factors to updated expectations that full-year 2022 real GDP will grow at the reduced rate of 1.3 percent, 0.8 percentage points less than previously predicted, according to the May 2022 co...

  4. Hyliion Joins World Economic Forum?s Road Freight Zero Coalition to Drive Global Decarbonization
    Business Wire | 05/19/22 08:00 AM EDT

    Hyliion Holdings Corp. (HYLN), a leader in electrified powertrain solutions for Class 8 semi-trucks, today announced that it has become a member of the World Economic Forum and will join the Road Freight Zero coalition, an initiative that engages industry leaders around the world to accelerate the global transition to a zero-emission transportation future.

  5. ECB accounts show debate over speed of policy tightening
    Reuters | 05/19/22 07:54 AM EDT

    European Central Bank policymakers expressed widespread concern about the spread of inflation and the only major debate appears to be just how fast and how far they should tighten policy, the accounts of their April 14 meeting showed on Thursday.

  6. FOREX-Euro rises with focus on ECB tightening, Swiss Franc jumps
    Reuters | 05/19/22 07:43 AM EDT

    * Euro rises, focus on rate hike bets. * Dollar pauses after recent gains. * Swiss Franc at multi-week highs after SNB hawkish turn. * Norwegian crown rebounds after recent lows. * Graphic: World FX rates https://tmsnrt.rs/2RBWI5E. By Stefano Rebaudo.

  7. Sri Lanka fuel shortage set to ease; police clash with protesters
    Reuters | 05/19/22 07:28 AM EDT

    Sri Lanka's central bank has secured foreign exchange to pay for fuel and cooking gas shipments that will ease crippling shortages, its governor said on Thursday, but police fired tear gas and water canon to push back student protesters. Most of Sri Lanka's petrol stations have run dry as the island nation battles its most devastating economic crisis since independence in 1948.

  8. ECB to force UK-based investment banks to relocate staff, trading
    Reuters | 05/19/22 07:12 AM EDT

    Too many global investment banks continue to serve euro zone clients out of London and the European Central Bank plans to force them to relocate senior staff and trading activity to the bloc, ECB supervisory chief Andrea Enria said on Thursday.

  9. As ECB pares back stimulus, investors alert for fragmentation risk
    Reuters | 05/19/22 07:09 AM EDT

    As the European Central Bank races towards the stimulus exit to tame record-high inflation, angst about whether it can contain stress in weaker economies is creeping back into corners of bond markets. For sure, indicators of stress are comfortably below peaks seen at the height of the 2020 COVID-19 crisis, and nowhere near levels of the 2011-2012 euro zone debt crisis.

  10. Barr, Biden's pick for Fed regulation role, cruises through confirmation hearing
    Reuters | 05/19/22 07:08 AM EDT

    Michael Barr, the second person nominated by Democratic President Joe Biden to be the Federal Reserve's Wall Street cop, looked to be on a path to confirmation after testifying before the Senate on Thursday. Barr, who served as a senior Treasury Department official under Democratic President Barack Obama, received some skeptical questions from Republican lawmakers.

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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