Latest Central bank interest rates News

Signs of recession worry Trump ahead of 2020

Aug. 17, 2019 6:29 AM EDT

WASHINGTON (AP) — President Donald Trump is warning of an economic crash if he loses reelection, arguing that even voters who personally dislike him should base their ballots on the nation's strong growth and low unemployment rate. But privately, Trump is growing increasingly worried the economy won't look...

Bank of Mexico lowers interest rate, citing global concerns

Aug. 15, 2019 5:42 PM EDT

MEXICO CITY (AP) — Mexico's central bank said Thursday it was lowering its benchmark interest rate by a quarter-point to 8%, citing slowing global economic activity and tensions including the trade war between the United States and China. The drop from 8.25% was reportedly the first rate cut by the Bank of...

On the Money: Fed's rate cuts strike savers' pocketbooks

Aug. 14, 2019 9:02 AM EDT

NEW YORK (AP) — Just when bank customers were finally getting something reasonable for their hard-earned savings, the party is coming to an end. After several years of increasing the meager interest they paid on savings accounts and certificates of deposit, banks are starting to trim their offerings to...

UK inflation edges back above 2% target in July

Aug. 14, 2019 4:55 AM EDT

LONDON (AP) — Official figures show that inflation in Britain has unexpectedly risen back above the Bank of England's target, but with the Brexit date approaching there is little pressure on policymakers at the central bank to raise interest rates. The Office for National Statistics said Wednesday that...

AP FACT CHECK: Trump's made-up claims on shootings, tariffs

Aug. 12, 2019 12:23 AM EDT

WASHINGTON (AP) — Playing defense, President Donald Trump made up facts in the aftermath of two mass shootings and as U.S. businesses braced for a potentially devastating trade war with China. Trump distorted science in seeking to assign blame on video games for the deadly shootings in Texas and Ohio,...

AP FACT CHECK: Trump's fiction on gun violence, economy

Aug. 10, 2019 7:20 AM EDT

WASHINGTON (AP) — It was a week of exaggeration and outright fiction for President Donald Trump as he confronted the aftermath of two mass shootings in Texas and Ohio. Trump twisted science in seeking to assign blame on video games for the shootings, rather than on his own words that critics say...

Trump calls on Fed to make 'substantial' rate cuts

Aug. 8, 2019 6:33 PM EDT

WASHINGTON (AP) — President Donald Trump is not letting up on his attacks on the Federal Reserve, calling for "substantial" Fed rate cuts to allow the dollar to fall in value against foreign currencies. In a series of tweets Thursday, Trump said, "As your president, one would think that I would be thrilled...

US long-term mortgage rates fall sharply: 30-year at 3.60%

Aug. 8, 2019 1:51 PM EDT

WASHINGTON (AP) — U.S. long-term mortgage rates fell sharply this week, with the benchmark 30-year loan touching its lowest level since November 2016. Financial markets around the globe have been whipsawed by anxiety over the U.S.-China trade war, sending investors fleeing from stocks to the safety of...

Asian stocks rebound after volatile Wall Street day

Aug. 8, 2019 12:00 AM EDT

BEIJING (AP) — Asian stocks rebounded Thursday after Wall Street eked out a gain following volatility fueled by concern fallout from the U.S.-Chinese trade war will spread. Market benchmarks in Shanghai, Tokyo and Hong Kong all advanced, recovering some of their losses following three days of anxiety over...

Why a US-China deal that once looked close now seems far off

Aug. 7, 2019 7:34 PM EDT

WASHINGTON (AP) — A deal seemed so close. As recently as May, the Trump administration and China seemed on the verge of resolving their dispute over Beijing's combative trade policies. Then it all collapsed. A cease-fire, declared by Presidents Donald Trump and Xi Jinping in June, failed to stick. Now,...