Latest Federal Reserve System News

Asian shares mixed as Fed leaves rates unchanged

Dec. 12, 2019 1:09 AM EST

TOKYO (AP) — Asian shares were mixed Thursday after a wobbly day on Wall Street following the Federal Reserve announcement it would leave interest rates unchanged. Japan's benchmark Nikkei 225 edged 0.3% higher to 23,455.96, while Australia's S&P/ASX 200 lost 0.6% to 6,709.40. South Korea's Kospi...

Asian shares mixed as Fed leaves rates unchanged

Dec. 11, 2019 9:58 PM EST

TOKYO (AP) — Asian shares were mixed Thursday, after a wobbly day on Wall Street following the Federal Reserve announcement it would leave interest rates unchanged. Japan's benchmark Nikkei 225 edged up 0.2% in early trading to 23,433.83, while Australia's S&P/ASX 200 lost 0.7% to 6,706.90. South...

Fed leaves low rates alone and sees no moves in near future

Dec. 11, 2019 6:24 PM EST

WASHINGTON (AP) — Chairman Jerome Powell made clear Wednesday that the Federal Reserve is prepared to keep its benchmark interest rate very low through at least next year — and possibly longer. Fueling that expectation is the growing belief of Fed officials that inflation will remain tame even as...

How major stock indexes fared Wednesday

Dec. 11, 2019 5:02 PM EST

Stocks closed modestly higher on Wall Street Wednesday after the Federal Reserve left interest rates unchanged and signaled that it expects to leave them alone in 2020. Technology and industrial stocks led the gains, which snapped a two-day losing streak for the S&P 500. Investor jitters over whether the...

Text of the Fed's statement after its meeting Wednesday

Dec. 11, 2019 2:41 PM EST

WASHINGTON (AP) — Below is the statement the Fed released Wednesday after its policy meeting ended: Information received since the Federal Open Market Committee met in October indicates that the labor market remains strong and that economic activity has been rising at a moderate rate. Job gains have been...

Federal Reserve leaves benchmark interest rate unchanged, signals no moves in 2020

Dec. 11, 2019 2:05 PM EST
Federal Reserve leaves benchmark interest rate unchanged, signals no moves in 2020.

World shares mixed on reports Trump might delay tariff hike

Dec. 11, 2019 7:48 AM EST

BEIJING (AP) — Global markets were mixed Wednesday following reports that President Donald Trump's advisers were preparing for a possible delay in a weekend tariff hike on Chinese goods. Investors also had their eyes on central bank meetings in Europe and the U.S. The German index in Frankfurt rose in...

US Federal Reserve could signal no rate hike through 2020

Dec. 11, 2019 6:20 AM EST

WASHINGTON (AP) — The Federal Reserve is set to leave its benchmark interest rate unchanged Wednesday and will likely signal that it expects rates to remain low well into next year despite a robust job market. Many economists have said they think sluggish growth will even compel the Fed to cut rates at...

Global stocks sink ahead of US tariff deadline

Dec. 10, 2019 8:14 AM EST

BEIJING (AP) — Stock markets around the world fell sharply Tuesday as nervous investors watched a rapidly approaching deadline for more U.S. tariffs on Chinese imports. Markets also have their eyes on American and European interest rate decisions coming this week and the outcome of Britain's general...

Fed is likely to reinforce a message of continued low rates

Dec. 9, 2019 2:42 PM EST

WASHINGTON (AP) — The Federal Reserve is expected to send a clear message when its latest policy meeting ends Wednesday: Interest rates will likely stay ultra-low for the foreseeable future. Behind that message is a view that has gained support at the Fed as the U.S. economic expansion has entered a record...