The U.S. dollar rebounded
against major currencies such as the euro and yen on Friday after
Federal Reserve Chairman Jerome Powell acknowledged the repercussions
of larger-than-expected U.S. tariffs ...
TRADING DAY. Bears, fears and tears. One of the most pivotal weeks in years - even decades - for the global economy closed on Friday to the sound of the Nasdaq crashing into a bear market as investors fear U.S. President Donald Trump's trade war will tip the world into recession.
TRADING DAY. Bears, fears and tears. One of the most pivotal weeks in years - even decades - for the global economy closed on Friday to the sound of the Nasdaq crashing into a bear market as investors fear U.S. President Donald Trump's trade war will tip the world into recession.
* Second day of chaotic sell-off since Trump tariff announcement. * Global recession fears grow as retaliation begins. * Three benchmarks post largest two-day declines since March 2020. * Fed Chair Powell warns of tariff impact on inflation. * Indexes down: S&P 500 5.97%, Nasdaq 5.82%, Dow 5.5% By David French.
* Second day of chaotic sell-off since Trump tariff announcement. * Global recession fears grow as retaliation begins. * Fed Chair Powell warns of tariff impact on inflation. By David French.
The rout on Wall Street continued on Friday, with the Nasdaq's loss verging on a bear-market classification, after China imposed fresh tariffs on all U.S. goods in response to the Trump administration's sweeping levies, escalating a global trade war. Losses in the S&P 500 and Nasdaq steepened to more than 5% after Federal Reserve chair. Jerome Powell said.
Brazil posted a higher-than-expected trade surplus in March, government data showed on Friday, boosted by a surge in coffee, beef, and soy exports. Latin America's largest economy recorded a trade surplus of $8.2 billion for the month, surpassing the $7 billion expected in a Reuters poll of economists.
Federal Reserve Governor Christopher Waller said on Friday that stablecoins are a good thing for the U.S. payments system, but he doubts the financial system can support a large number of these assets. Waller again noted that he sees no need for the Fed to adopt its own fully digital dollar and said that it's best when the private sector leads payments system innovation.
President Donald Trump publicly urged the Federal Reserve to cut interest rates, but prediction market data shows that bettors remain skeptical the central bank will act in May. What Happened: According to decentralized forecasting platform Polymarket, 72% of market participants believe the Federal Reserve will hold rates steady at its next meeting on May 7, with only 24% pricing in a 25 basis ...
The central bank wants to let Trump's policies play out across the economy before deciding which way to move interest rates, and it's too soon to know what the impacts will be, the Federal Reserve chair said.
The U.S. dollar rose against major
currencies such as the euro and yen on Friday after Federal Reserve
Chairman Jerome Powell acknowledged the repercussions of
larger-than-expected U.S. tariffs and ...
- Federal Reserve Governor Christopher Waller said on Friday that stablecoins are a good thing for the U.S. payments system, but he doubts the financial system can support a large number of these assets. "I'll say I'm a personal, big advocate of stablecoins," Waller said at a New York Fed event. "Do I think there's going to be 100 stablecoins circulating after legislation happens?
Wall Street nosedived again on Friday, pushing the Nasdaq toward a bear market, after China imposed fresh tariffs on all U.S. goods in response to the Trump administration's sweeping levies, escalating a global trade war. Losses in the S&P 500 and Nasdaq steepened after Federal Reserve chair. Jerome Powell said.
Federal Reserve Governor Christopher Waller said on Friday that stablecoins are a good thing for the nation's payment system, but he doubts the financial system can support a large number of these assets. "I'll say I'm a personal, big advocate of stable coins," Waller said at an event held at the Federal Reserve Bank of New York.
Tech employment slides for the month; future hiring intent holds steady DOWNERS GROVE, Ill. 1 Staffing reductions in the tech services and telecommunications occupation categories accounted for the majority of job losses. Across all industry sectors, tech employment declined by an estimated 29,000.2 The tech unemployment rate fell slightly to 3.1%, compared to the national rate of 4.2% for March.
Wall Street fell sharply again on Friday, pushing the Nasdaq toward a bear market, after China imposed fresh tariffs on all U.S. goods in response to the Trump administration's sweeping levies, escalating a global trade war. Losses in the S&P 500 and Nasdaq steepened after Federal Reserve chair. Jerome Powell said.
Federal Reserve Chair Jerome Powell signaled a cautious policy stance on Friday, hinting that slowing economic momentum is not yet enough to ease the Federal Reserve's inflation concerns, as higher tariffs threaten to complicate the path toward price stability.
President Donald Trump's new tariffs are "larger than expected" and the economic fallout including higher inflation and slower growth likely will be as well, Federal Reserve Chair Jerome Powell said on Friday in remarks that pointed to the potentially difficult set of decisions ahead for the central bank.
Traders added to bets the Federal Reserve will wait until June to commence interest-rate cuts, as Fed Chair Jerome Powell said it's becoming clear that U.S. President Donald Trump's bigger-than-expected tariffs are likely to trigger both higher inflation and slower growth.
While the world focused on escalating global trade tensions, the Bureau of Labor Statistics reported Friday that nonfarm payrolls surged by 228,000 in March, far better than economists? forecasts of 135,000.
* US central bank chief cites risk of persistent inflation. * Powell says Fed determined to keep inflation expectations anchored. * He does not mention stock market drop. By Howard Schneider.
* Canadian dollar falls 0.7% against the greenback. * Economy sheds 33,000 in March. * Oil extends selloff; tumbles 7.5% * 10-year yield hits a near two-year low. By Fergal Smith. The Canadian dollar weakened against its U.S. counterpart on Friday, giving back some of its weekly gain, as oil prices tumbled and domestic data showed the global trade war beginning to hurt the labour market.
U.S. President Donald Trump on Friday called on Federal Reserve Chairman Jerome Powell to cut interest rates, saying it was the "perfect time" to do so. "CUT INTEREST RATES, JEROME, AND STOP PLAYING POLITICS!," Trump said on Truth Social.
U.S. President Donald Trump on Friday called on Federal Reserve Chairman Jerome Powell to cut interest rates, saying it was the "perfect time" to do so. "CUT INTEREST RATES, JEROME, AND STOP PLAYING POLITICS!," Trump said on Truth Social.
* * Jobless rate up to 6.7% from 6.6% in the prior month. * Average hourly wage growth of permanent workers up 3.5% By Promit Mukherjee. Canada's total employment fell and the unemployment rate ticked up in March, data showed on Friday, as the uncertainty around tariffs and their subsequent implementation forced companies to pause hiring and spurred some layoffs.
-Major brokerages including Goldman Sachs and RBC see more rate cuts by the U.S. Federal Reserve following President Donald Trump's latest tariffs. Trump on Wednesday imposed a 10% baseline tariff on all imports to the U.S. and higher duties on dozens of other countries, sparking fears of a global economic slowdown.
U.S. stocks traded lower this morning, with the Dow Jones index dipping more than 1,100 points on Friday. The Dow traded down 2.82% to 39,401.43 while the NASDAQ fell 3.59% to 15,955.66. The S&P 500 also fell, dropping, 3.20% to 5,223.96. Check This Out: Top 3 Financial Stocks That May Fall Off A Cliff In April Leading and Lagging SectorsConsumer staples shares fell by just 0.5% on Friday.
The U.S. dollar rose against the euro and trimmed losses versus the yen on Friday, after non-farm payrolls data showed the U.S. economy added more jobs than expected in March. Non-farm payrolls rose by 228,000 jobs last month after a downwardly revised 117,000 rise in February, the Labor Department said.
The Federal Reserve is seen waiting until June to start cutting interest rates after a government report showed stronger than expected jobs growth last month that eased concern about the state of the labor market as President Donald Trump moves to put sweeping tariffs on imports from around the globe.
- The U.S. economy added far more jobs than expected in March, but President Donald Trump's sweeping import tariffs could test the labor market's resilience in the months ahead amid sagging business confidence and a stock market selloff. Nonfarm payrolls increased by 228,000 jobs last month after a downwardly revised 117,000 rise in February, the Labor Department said on Friday.
- The U.S. economy added far more jobs than expected in March, but President Donald Trump's sweeping import tariffs could test the labor market's resilience in the months ahead amid sagging business confidence and a stock market selloff. Nonfarm payrolls increased by 228,000 jobs last month after a downwardly revised 117,000 rise in February, the Labor Department said on Friday.
-The Federal Reserve is seen waiting until June to start cutting interest rates after a government report showed stronger than expected jobs growth last month that eased concern about the state of the labor market as President Donald Trump moves to put sweeping tariffs on imports from around the globe.
The U.S. dollar rose against the euro and trimmed losses versus the yen on Friday, after non-farm payrolls data showed the U.S. economy added more jobs than expected in March. Nonfarm payrolls rose by 228,000 jobs last month after a downwardly revised 117,000 rise in February, the Labor Department said.
As Wall Street crumbles from the impact of tariffs, cracks are still not visible in the U.S. labor market, which continues to show resilience and defies investor fears of economic weakness. In March, nonfarm payrolls surged by 228,000, the Bureau of Labor Statistics reported Friday. Private sector payrolls surged by 209,000, the highest since December 2024.
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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