News Results

  1. Powell wisely passes up financial conditions 'open goal': McGeever
    Reuters | 12/02/22 01:59 AM EST

    What many people saw as an open goal for the Federal Reserve chair on Wednesday, it seems Jerome Powell saw as a potential own goal. Nearly everyone expected him to use his eagerly awaited speech on the economic outlook and the labor market at the Brookings Institution think tank to push back on the significant easing of U.S. financial conditions in recent weeks.

  2. METALS-Copper set for weekly gain on hints of rate-hike slowdown, China demand
    Reuters | 12/02/22 01:12 AM EST

    Copper prices traded within a narrow range on Friday, but were set for weekly gains as traders assessed bets of a slower pace of U.S. interest rate hikes and China's re-opening. Three-month copper on the London Metal Exchange held its ground at $8,332 a tonne, as of 0532 GMT, having gained 4% so far this week.

  3. FOREX-Dollar wobbles as inflation ebbs, jobs data in focus
    Reuters | 12/02/22 12:55 AM EST

    The dollar held firm on Friday but was pinned near 16-week lows against a basket of major currencies as data showing increased U.S. consumer spending emboldened investors' hopes that the peak in interest rates was in sight.

  4. Marketmind: Dollar on the jobs line
    Reuters | 12/02/22 12:33 AM EST

    A look at the day ahead in European and global markets from Tom Westbrook: Having just closed out its worst month since 2010, the dollar's bull run may be ending. Federal Reserve Chair Jerome Powell green-lit selling this week, surprising traders by not pushing back against markets' shifting financial conditions looser in the last few weeks.

  5. MORNING BID-Dollar on the jobs line
    Reuters | 12/02/22 12:30 AM EST

    A look at the day ahead in European and global markets from Tom Westbrook: Having just closed out its worst month since 2010, the dollar's bull run may be ending. Federal Reserve Chair Jerome Powell green-lit selling this week, surprising traders by not pushing back against markets' shifting financial conditions looser in the last few weeks.

  6. U.S. labor market shrugs off recession fears; keeps Fed on tightening path
    Reuters | 12/02/22 12:03 AM EST

    U.S. employers hired more workers than expected in November and increased wages, shrugging off mounting worries of a recession, but that will probably not stop the Federal Reserve from slowing the pace of its interest rate hikes starting this month.

  7. U.S. job growth likely slowed again in November; labor market still tight
    Reuters | 12/02/22 12:00 AM EST

    * Nonfarm payrolls forecast increasing 200,000 in November. * Unemployment rate seen unchanged at 3.7% * Average hourly earnings forecast gaining 0.3%; up 4.6% y/y. By Lucia Mutikani.

  8. ECB's Lagarde warns some fiscal policies in Europe could fuel excess demand
    Reuters | 12/01/22 11:56 PM EST

    European Central Bank President Christine Lagarde warned on Friday that some European governments' fiscal policies could lead to excess demand, and that fiscal and monetary policies need to work in synch for sustainable, balanced economic growth.

  9. China central bank says to support growth, sees moderate inflation in 2023
    Reuters | 12/01/22 10:45 PM EST

    China's central bank will focus on supporting the slowing economy, People's Bank of China Governor Yi Gang said on Friday, adding that domestic consumer inflation is likely to stay moderate in 2023. The central bank's accommodative policy will help support China's economic recovery and employment, Yi said in a video speech to the Bank of Thailand-BIS conference in Bangkok.

  10. China c.bank says to support growth, sees moderate inflation in 2023
    Reuters | 12/01/22 10:43 PM EST

    China's central bank will focus on supporting the slowing economy, People's Bank of China Governor Yi Gang said on Friday, adding that domestic consumer inflation is likely to stay moderate in 2023. The central bank's accommodative policy will help support China's economic recovery and employment, Yi said in a video speech to the Bank of Thailand-BIS conference in Bangkok.

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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