Latest Central bank interest rates News

Trump says he 'made' Fed Chairman Powell

Jun. 26, 2019 4:36 PM EDT

WASHINGTON (AP) — The stock market has taken in stride the almost daily drumbeat of President Donald Trump's attacks on Federal Reserve Chair Jay Powell, caring more about how the two men tackle their respective jobs than how they handle each other. Trump is unhappy with Powell and the Fed for raising...

Asian shares mostly lower as investors look to G-20 meeting

Jun. 25, 2019 11:04 PM EDT

TOKYO (AP) — Asian shares were mostly lower Wednesday as investors awaited developments on the trade friction between the U.S. and China at the Group of 20 meeting of major economies in Japan later in the week. Japan's benchmark Nikkei 225 slipped 0.5% to 21,088.32 in early trading, while Australia's...

Powell says economy facing growing uncertainties

Jun. 25, 2019 5:34 PM EDT

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Tuesday the outlook for the U.S. economy has become cloudier since early May, with rising uncertainties over trade and global growth causing the central bank to reassess its next move on interest rates. Speaking to the Council on Foreign...

Markets Right Now: Stocks drop on economic worries

Jun. 25, 2019 4:15 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are closing lower on Wall Street Tuesday with technology and communications stocks leading the declines. Reports showing a drop in consumer confidence and weakness in the housing market, plus some cautionary...

Trump attacks Federal Reserve again, wants interest rate cut

Jun. 24, 2019 9:31 AM EDT

WASHINGTON (AP) — President Donald Trump is continuing efforts to pressure the U.S. central bank system, saying the stock markets and economic growth would be much higher if not for its actions. Trump says the Federal Reserve "doesn't know what it's doing" and raised interest rates too quickly. The...

S&P 500 notches 3rd straight weekly gain after wobbly day

Jun. 21, 2019 5:06 PM EDT

Wall Street finished a milestone-setting week on a downbeat note Friday after a late flurry of selling nudged stocks lower, ending the market's four-day winning streak. Even with the modest losses the market delivered its third straight weekly gain, with the benchmark S&P 500 index hovering just below its...

Stocks subdued, oil keeps rising as Mideast tensions grow

Jun. 21, 2019 8:12 AM EDT

BANGKOK (AP) — Global stock markets were subdued Friday as investors became more cautious after the S&P 500 hit a record close and amid heightened tensions in the Persian Gulf between the U.S. and Iran. The price of oil continued to rise. Major airlines on Friday began rerouting flights to avoid areas...

Q&A: Stocks soar while bonds are signaling gloom. What's up?

Jun. 21, 2019 1:49 AM EDT

NEW YORK (AP) — Why is the stock market so happy and the bond market so gloomy? Just as the S&P 500 was setting a record high Thursday, bond yields were tumbling to their lowest levels since Donald Trump was elected. The yield on the 10-year Treasury, which influences rates for mortgages and other...

Asian shares retreat after S&P 500 hits fresh record close

Jun. 21, 2019 1:05 AM EDT

BANGKOK (AP) — Shares retreated in Asia on Friday after a broad rally for stocks drove the S&P 500 index to an all-time high as weak manufacturing data from Japan helped dampen investor sentiment. Japan's Nikkei 225 index lost 0.8% to 21,286.49 and the Hang Seng in Hong Kong dropped 0.3% to 28,476.75....

Q&A: Stocks soar while bonds are signaling gloom. What's up?

Jun. 20, 2019 8:44 PM EDT

NEW YORK (AP) — Why is the stock market so happy and the bond market so gloomy? Just as the S&P 500 was setting a record high Thursday, bond yields were tumbling to their lowest levels since Donald Trump was elected. The yield on the 10-year Treasury, which influences rates for mortgages and other...