News Results

  1. UK consumer morale hits lowest since records began in 1974: GfK
    Reuters | 05/19/22 07:01 PM EDT

    Pessimism weighing on Britain's households has hit unprecedented levels as the cost-of-living crisis pushed confidence in the economic outlook to its joint lowest, a survey showed. Market research firm GfK said consumer morale gauge, dating back to 1974, touched an all-time low of -40 in May from -38 in April.

  2. Strong household finances may mean Fed must to do more -Kashkari
    Reuters | 05/19/22 05:49 PM EDT

    - Minneapolis Federal Reserve Bank President Neel Kashkari on Thursday suggested that because household finances are in some cases in better shape than before the pandemic, the Fed may end up needing to raise rates further to bring inflation under control.

  3. BRIEF-Bank of Canada to auction C$400 million of real return bonds
    Reuters | 05/19/22 04:50 PM EDT

    * BANK OF CANADA TO AUCTION C$400 MILLION OF 0.25% REAL RETURN BONDS DUE 2054 ON MAY 26 Source text for Eikon: https://www.bankofcanada.ca/markets/government-securities-auctions/calls-for-tenders-and-results/real-return-bonds/

  4. BRIEF-Bank of Canada to auction C$4 billion of 2% bonds due 2032 on May 25
    Reuters | 05/19/22 04:48 PM EDT

    * BANK OF CANADA TO AUCTION C$4 BILLION OF 2% BONDS DUE 2032 ON MAY 25 Source text for Eikon: https://www.bankofcanada.ca/markets/government-securities-auctions/calls-for-tenders-and-results/nominal-bonds/

  5. Brazil's govt maintains GDP forecast of +1.5% in 2022, +2.5% in 2023
    Reuters | 05/19/22 01:39 PM EDT

    Brazil's Economy Ministry maintained on Thursday its forecast of a 1.5% increase in gross domestic product this year and 2.5% next year, as previously reported by Reuters on Wednesday. The ministry raised the IPCA consumer price index projection to 7.9% in 2022 from 6.55% seen in its previous outlook, from March.

  6. U.S. labor market in spotlight as weekly jobless claims hit 4-month high
    Reuters | 05/19/22 12:16 PM EDT

    * Weekly jobless claims increase 21,000 to 218,000. * Continuing claims drop 25,000 to 1.317 million. * Mid-Atlantic factory activity slows in May. * Existing home sales fall 2.4% in April. By Lucia Mutikani.

  7. Fed has 'important but quite limited' authority to police climate change risk, says nominee Barr
    Reuters | 05/19/22 11:04 AM EDT

    The Federal Reserve has "important but quite limited" authorities to police financial risks emanating from climate change, according to Michael Barr, President Biden's nominee to lead to the central bank's regulatory work.

  8. Barr, Biden's pick for Fed regulation role, cruises through confirmation hearing
    Reuters | 05/19/22 11:02 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.

  9. Fed has 'important but quite limited' authority to police climate change risk, says nominee Barr
    Reuters | 05/19/22 11:00 AM EDT

    The Federal Reserve has "important but quite limited" authorities to police financial risks emanating from climate change, according to Michael Barr, President Biden's nominee to lead to the central bank's regulatory work.

  10. U.S. existing home sales fall for third straight month; house prices at record high
    Reuters | 05/19/22 10:07 AM EDT

    U.S. existing home sales dropped to the lowest level in nearly two years in April as house prices jumped to a record high amid a persistent lack of inventory. Existing home sales fell 2.4% to a seasonally adjusted annual rate of 5.61 million units last month, the lowest level since June 2020 when sales were rebounding from the COVID-19 lockdown slump.

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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