Latest Central bank interest rates News

Stock prices surge on bullish talk on China-US trade deal

Nov. 15, 2019 12:27 AM EST

BANGKOK (AP) — Shares advanced in Asia on Friday after White House officials said China and the U.S. were getting close to an agreement to cool tensions over trade. Markets have swung from euphoria to alarm as officials in Beijing and Washington offered conflicting opinions about the state of the...

Powell urges Congress to tackle growing budget deficit

Nov. 14, 2019 3:23 PM EST

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell on Thursday urged Congress to tackle the growing budget deficit but also underscored the current health of the nation’s economy. Powell’s testimony before the House Budget Committee came a day after he told Congress’ Joint...

Global markets lower amid uncertainty about US-China trade

Nov. 14, 2019 7:58 AM EST

BEIJING (AP) — Global stock markets slipped Thursday amid doubts about a U.S.-Chinese trade deal and after the U.S. Federal Reserve chairman said it is likely to leave its benchmark interest rate unchanged. London and Frankfurt were trading lower after Tokyo and Hong Kong closed down for the day. Wall...

Asian markets mixed after Wall Street high

Nov. 13, 2019 11:20 PM EST

BEIJING (AP) — Asian stock markets were mixed Thursday amid doubts about the status of a U.S.-Chinese trade deal after the U.S. Federal Reserve’s chairman said it is likely to leave its benchmark interest rate unchanged. Investors were wary after The Wall Street Journal reported Chinese negotiators...

Fed’s Powell sees steady growth, signals pause in rate cuts

Nov. 13, 2019 4:27 PM EST

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Wednesday that the Fed is likely to keep its benchmark short-term interest rate unchanged in the coming months, unless the economy shows signs of worsening. But for now, in testimony before a congressional panel, Powell expressed optimism about...

The Latest: Powell sees job participation as major problem

Nov. 13, 2019 12:09 PM EST

WASHINGTON (AP) — The Latest on Federal Reserve Chairman Jerome Powell’s testimony before the Joint Economic Committee about the outlook for the U.S. economy (all times local): ___ 11:55 a.m. Federal Reserve Chairman Jerome Powell says two major long-term issues facing the U.S. economy are sluggish...

Stocks mixed as uncertainty reigns in US-China trade talks

Nov. 11, 2019 11:40 PM EST

BANGKOK (AP) — Shares were mixed in Asia on Tuesday as investors awaited cues on trade talks between China and the U.S. The next hints on progress in the negotiations between Beijing and Washington could come later in the day, when Trump is scheduled to give a speech on trade and economic policy at the...

Bank of England warns over global economic hit to UK

Nov. 7, 2019 9:53 AM EST

LONDON (AP) — The growth outlook for the British economy has deteriorated largely as a result of a gloomier global backdrop, the Bank of England said Thursday as it refrained from cutting rates in the run-up to a general election that could have huge repercussions on Brexit. Though waning fears of a...

Global stocks turn higher as China says tariff war may ease

Nov. 7, 2019 8:15 AM EST

BANGKOK (AP) — Global stocks rose Thursday after China said it had agreed with the United States to gradually ease tariffs on each other's exports as part of an effort to scale back their trade war. Germany's DAX rose 0.7% to 13,269 and France's CAC 40 gained 0.2% to 5,875. London's FTSE 100 rose 0.4% to...

Asian stocks mostly lower after US indexes hit pause

Nov. 6, 2019 11:31 PM EST

BANGKOK (AP) — Asian stocks were mostly lower Thursday after a meandering day of trading in the U.S. left stock indexes close to their record highs. The Shanghai Composite Index declined 0.3% to 2,969.81. Tokyo's Nikkei 225 was down 0.1% at 23,275.17. Hong Kong's Hang Seng sank 0.4% to 27,589.65 and South...