Latest Federal Reserve System News
Stock market today: Asian shares mixed, with most regional markets closed after Wall St ticks higher
BANGKOK (AP) — Asian markets were mixed on Friday, with only a few open due to public holidays across the region. U.S. futures edged higher while oil prices were little changed. Tokyo's Nikkei 225 index was down 0.1% at 31,857.62. Australia's S&P/ASX 200 added...
Stock market today: Asian shares mixed, with most regional markets closed after Wall St ticks higher
BANGKOK (AP) — Asian markets were mixed on Friday, with only a few open due to public holidays across the region. U.S. futures and oil prices edged higher. Tokyo's Nikkei 225 index was down 0.3% at 31,764.01. In Bangkok, the SET declined 0.5%. Australia's...
The average long-term US mortgage rate reaches highest point in nearly 23 years, hitting 7.31%
LOS ANGELES (AP) — Home loan borrowing costs climbed again this week, pushing the average long-term U.S. mortgage rate to its highest level in nearly 23 years, another blow to prospective homebuyers facing an increasingly unaffordable housing market. The average rate on the...
US government estimates economy grew last quarter at a 2.1% rate, unchanged from previous projection
WASHINGTON (AP) — The U.S. economy grew at a 2.1% annual pace from April through June, extending its sturdy performance in the face of higher interest rates, the government said Thursday, leaving its previous estimate unchanged. The second-quarter expansion of the nation's gross...
Slightly fewer number of Americans apply for jobless benefits as layoffs remain rare
U.S. applications for unemployment benefits inched up modestly this week after reaching their lowest level in eight months the previous week, as the labor market continues to defy the Federal Reserve's interest rate hikes meant to cool it. Filings for jobless claims rose by 2,000 to...
Stock market today: Wall Street yo-yos to a mixed close as oil and bond markets raise the pressure
NEW YORK (AP) — Wall Street yo-yoed to a mixed finish Wednesday after rising oil prices and bond yields cranked up the pressure even higher on the stock market. After taking several U-turns through the day, the S&P 500 inched up by 0.98, or less than 0.1%, to 4,274.51 and...
Stock market today: Asian shares mostly lower after Wall Street retreat deepens
TOKYO (AP) — Shares in Asia were mostly lower on Wednesday after Wall Street’s ugly September got even worse, with benchmarks dropping back to where they were in June. Tokyo's Nikkei 225 lost 0.4% to 32,192.94. In Hong Kong, the Hang Seng advanced 0.7% to 17,585.27. The Shanghai...
US consumer confidence tumbles in September as American anxiety about the future grows
WASHINGTON (AP) — The confidence of American consumers slipped this month, particularly about the future, as expectations persist that interest rates will remain elevated for an extended period. The Conference Board, a business research group, said Tuesday that its consumer...
How major US stock indexes fared Monday, 9/25/2023
A sluggish day for stocks kept September on track to be the worst month of the year for Wall Street. The S&P 500 managed a gain of 0.4%, coming off its worst week in six months. The Dow edged up 43 points and the Nasdaq composite added 0.5%. Treasury yields rose again to near...
Why the US job market has defied rising interest rates and expectations of high unemployment
WASHINGTON (AP) — Last year's spike in inflation, to the highest level in four decades, was painful enough for American households. Yet the cure — much higher interest rates, to cool spending and hiring — was expected to bring even more pain. Grim forecasts from economists had...
