News Results

  1. US weekly jobless claims unexpectedly fall
    Reuters | 08:44 AM EDT

    The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, but could rebound in the weeks ahead as a partial strike by the United Auto Workers union forces automobile manufacturers to temporarily lay off workers because of shortages of some materials.

  2. Weekly Jobless Claims Unexpectedly Fall 20K To 201K
    Benzinga | 08:44 AM EDT

    Weekly Initial Jobless Claims?were 201,000, a decrease of 20,000 from the previous week's revised level, according to data the Labor Department?released?on Thursday. The number is below the average economist estimates of 225,000 and lower than the previous week's revised level. The previous week's level was revised up by 1,000 from 220,000 to 221,000.

  3. GRAPHIC-End is in sight for global rate hiking cycle
    Reuters | 08:43 AM EDT

    Big central banks are closing in on the end of their rate hiking cycles, starting to surprise markets as their outlooks on when and how they will cease monetary tightening diverge.

  4. Nigeria central bank postpones next week's policy meeting
    Reuters | 08:41 AM EDT

    Nigeria's central bank said on Thursday that it had delayed an interest rate meeting that had been planned for next week and that it would schedule a new meeting later. In a statement on its website, the Central Bank of Nigeria did not say why the Sept. 25-26 meeting of its Monetary Policy Committee was delayed and a new date would be set later.

  5. US weekly jobless claims unexpectedly fall
    Reuters | 08:39 AM EDT

    The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, but could rebound in the weeks ahead as a partial strike by the United Auto Workers union forces automobile manufacturers to temporarily lay off workers because of shortages of some materials.

  6. Analysis-Amid Israel turmoil, markets want continuity at central bank helm
    Reuters | 08:32 AM EDT

    Financial markets are hoping Prime Minister Benjamin Netanyahu keeps Bank of Israel Governor Amir Yaron for a second term to safeguard the bank's independence and provide reassuring stability to an economy rattled by political turmoil this year.

  7. Turkey hikes rates to 30% to strengthen hawkish turn
    Reuters | 08:23 AM EDT

    Turkey's central bank raised its key interest rate by a lofty 500 basis points to 30% on Thursday, marking a second month of aggressive tightening after President Tayyip Erdogan set aside his long opposition to tight policy. The bank reiterated it is ready to raise rates further as needed to rein in inflation that leapt to nearly 59% in August and is expected to rise into next year.

  8. GLOBAL MARKETS-Dollar reigns as Europe's central banks spring some surprises
    Reuters | 08:21 AM EDT

    * World stocks on longest losing streak since March. * Dollar highest since March. * Swiss franc tumbles on surprise SNB rate hold. * Sterling drops as BoE holds. * Bond yields up as Fed signals another hike possible. By Marc Jones.

  9. FOREX-Pound, franc slide as central banks pause hikes; dollar holds firm
    Reuters | 08:08 AM EDT

    The pound and Swiss franc tumbled on Thursday after the British and Swiss central banks kept rates unchanged, while the dollar hit a 6-1/2 month high after the U.S. Federal Reserve signalled policy would remain restrictive for longer.

  10. EMERGING MARKETS-Stocks hit 3-month low; Turkish cbank delivers hefty rate hike
    Reuters | 07:53 AM EDT

    * EM stocks hit over three-month low. * FX headed for worst day in two weeks. * Turkish c.bank hikes rates by 500 bps as expected. * South Africa expected to hold rates steady. By Johann M Cherian and Amruta Khandekar.

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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