Latest Central bank interest rates News

US futures point to continued slump this week on Wall Street

Dec. 07, 2022 08:25 AM EST

Wall Street futures edged lower Wednesday ahead of new employment and wholesale price data with the Federal Reserve gauging its next step in its fight to cool inflation. Futures for the Dow Jones Industrials slipped 0.4% and the S&P 500 fell 0.7% just over an hour before the...

China trade shrinks amid virus pressure, interest rate hikes

Dec. 07, 2022 00:48 AM EST

BEIJING (AP) — China’s imports and exports shrank in November under pressure from weakening global demand and anti-virus controls at home. Exports sank 9% from a year ago to $296.1 billion, worsening from October’s 0.9% decline, customs data showed Wednesday. Imports fell 10.9%...

Stocks decline in Asia, extending losses on Wall Street

Dec. 06, 2022 23:29 PM EST

Shares fell in Asia on Wednesday after Wall Street declined on fears the Federal Reserve will need to keep the brakes on the economy to get inflation under control, risking a sharp recession. Oil prices were mixed. Tokyo's Nikkei 225 index slipped 0.6% to 27,727.53 and the Kospi in...

Australia's central bank raises key interest rate to 3.1%

Dec. 06, 2022 00:12 AM EST

WELLINGTON, New Zealand (AP) — Australia's central bank has raised its benchmark interest rate by a quarter-point to 3.1% as it continues trying to wrestle down inflation. The increase was the bank's eighth in a row and took the rate to its highest level in 10 years. ...

Asian shares lower as strong data hit hopes for dovish Fed

Dec. 05, 2022 23:18 PM EST

BANGKOK (AP) — Stocks were mostly lower in Asia on Tuesday after Wall Street pulled back as surprisingly strong economic reports highlighted the difficulty of the Federal Reserve’s fight against inflation. Tokyo rose while other regional markets declined. U.S. futures gained and...

Turkish inflation eases for 1st time in more than a year

Dec. 05, 2022 07:11 AM EST

ANKARA, Turkey (AP) — Annual inflation in Turkey slightly eased in November for the first time in more than a year, according to official figures released on Monday, although it remains close to 24-year highs. Consumer prices for the year rose by 84.39% in November, down from...

Wall Street ends mixed following strong data on wages, jobs

Dec. 02, 2022 17:28 PM EST

Worries about inflation weighed on Wall Street Friday, leaving major indexes mixed after a report showed wages for U.S. workers are accelerating, which is good news for them but could feed into even higher inflation for the nation. The S&P 500 ended 0.1% lower after having been...

EXPLAINER: 5 key takeaways from the November jobs report

Dec. 02, 2022 14:16 PM EST

WASHINGTON (AP) — For nearly nine months, the Federal Reserve has relentlessly raised interest rates to try to slow the U.S. job market and bring inflation under control. And for just as long, the job market hasn’t seemed to get the message. The November employment...

Rail strike averted: Biden signs bill enforcing agreement

Dec. 02, 2022 11:24 AM EST

WASHINGTON (AP) — President Joe Biden signed a bill Friday to avert a freight rail strike that he said could have plunged the U.S. into a catastrophic recession. At the White House, Biden signed a measure passed Thursday by the Senate and Wednesday by the House. It binds rail...

US hiring stays strong, complicating Fed's inflation fight

Dec. 02, 2022 13:04 PM EST

WASHINGTON (AP) — The nation’s employers kept hiring briskly in November despite high inflation and a slow-growing economy — a sign of resilience in the face of the Federal Reserve’s aggressive interest rate hikes. The economy added 263,000 jobs, while the unemployment rate...