Latest Central banking 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...

US stocks end turbulent week with broad gains

Aug. 16, 2019 5:24 PM EDT

You're not the only one confused about where the economy is headed. Just look at the stock market, where perplexed investors have been sending stocks on a wild ride in August. And there could be plenty more where that came from. Two notoriously volatile months for stocks lie just ahead. Stocks around the world...

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...

Asian stocks lower after US indexes tumble on recession fear

Aug. 15, 2019 12:35 AM EDT

BEIJING (AP) — Asian stock markets followed Wall Street lower on Thursday after the Dow Jones Industrial Average plunged on mounting fears of a possible recession. Market benchmarks in Shanghai, Tokyo and Hong Kong all retreated. U.S. investors dumped stocks, sending the Dow into its biggest one-day drop...

The bond market smells recession as global stress rises

Aug. 14, 2019 3:23 PM EDT

NEW YORK (AP) — Compared to the free-swinging and sometimes emotional stock market, the bond market is supposed to be the sober and measured one. It's getting more alarmed. Bonds sounded their loudest warning bell yet of recession on Wednesday, when the yield on the 10-year Treasury briefly fell below the...

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...

Global stocks mixed as trade war worries worsen

Aug. 12, 2019 5:16 AM EDT

BEIJING (AP) — Global stocks gained Monday amid investor jitters the U.S.-China trade war might be worsening. Market benchmarks in Frankfurt and Paris rose in early trading while Shanghai and Hong Kong closed lower. London was unchanged and Tokyo was closed for a holiday. Investors were encouraged by hopes...

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...