The Fed Decides on October 28. Fidelity's Dividend ETF for Rising Rates Returned 19.12% Over the Past Year Against JEPI's 7.17%.
FDRR beat JEPI over one and five years, and a $100,000 investment would have grown $39,430 more in Fidelity’s fund, Reuters reported.
- The Federal Reserve is expected to keep interest rates unchanged at its October 27-28 meeting, despite higher energy costs complicating the inflation outlook and pressuring household budgets.
- As of Saturday morning, October 24, Polymarket traders put no rate change at 94.5% and a quarter-point hike at 5.5%, viewing a cut as highly unlikely.
- Moody's chief economist Mark Zandi said longer-term rates are doing more damage to consumer wallets, weighing heavily on refinancing and homebuying, while mortgage rates near 7.4% according to Mortgage News Daily.
- Investors are weighing Fidelity Dividend ETF versus JPMorgan Equity Premium Income ETF ahead of the decision, with FDRR beating JEPI by nearly 12 points over the past year.
- Nearly 75% of economists expect at least one rate hike by year-end, as the October meeting marks the final word on inflation before midterm elections.
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13 Articles
Fed Decision On Interest Rates Coming This Week - Regional Media News
(Undated) - Coming up in the business week ahead, the Federal Reserve is set to make an interest rate announcement on Wednesday. The nation's central bank is expected to hold rates steady at its final meeting ahead of the midterm elections. The Federal Open Market Committee is still struggling to meet its two-percent target for inflation and moved to raise interest rates by a quarter-percentage-point at its last meeting in September. Brought to …
The Fed Decides on October 28. Fidelity's Dividend ETF for Rising Rates Returned 19.12% Over the Past Year Against JEPI's 7.17%.
With the Fed's October 28 rate decision days away, JEPI holders face a pointed question: does Fidelity's dividend fund built for rising rates deserve a spot in the portfolio instead, and what five years of real returns reveal may surprise income investors.
(New York = Yonhap News) Correspondent Lim Soo-jung = With the U.S. Federal Reserve (Fed) raising its benchmark interest rate last month for the first time in about three years, next week...
Dudley Sees Fed Likely to Hold With a Hike Coming in December
Bill Dudley, former New York Fed President and Bloomberg Opinion columnist, discusses messaging on interest rates from the Federal Reserve’s so-called troika, the influence of the artificial intelligence buildout on rates, and his expectation for the central bank to hold steady in October. His opinions are his own. (Source: Bloomberg)
Markets report that the Federal Reserve will maintain rates between 3.75% and 4.00%, but persistent inflation, strong growth and stable employment fuel expectations of further increases.
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- 40% of the sources are Center, 40% of the sources lean Right
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