Latest Central bank interest rates News

Asian shares mostly higher, tracking Wall Street rally

Oct. 25, 2021 23:43 PM EDT

TOKYO (AP) — Asian shares were mostly higher Tuesday after another rally to a record high on Wall Street. Stocks have been pushing broadly higher as companies turn in much stronger profit reports for the summer than analysts had expected. Historically low interest...

Stocks end mixed on Wall Street, still notch weekly gains

Oct. 22, 2021 17:14 PM EDT

Wall Street capped a choppy day of trading Friday with an uneven finish for the major stock indexes, as losses for several large technology companies weighed on the market. The S&P 500 was little changed a day after it set an all-time high, but the 0.1% slip ended...

Powell says inflation risks rising, but Fed can be 'patient'

Oct. 22, 2021 15:49 PM EDT

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said Friday that the tangled supply chains and shortages that have bedeviled the U.S. economy since this summer have gotten worse and will likely keep inflation elevated well into next year. The Fed is not yet...

Turkish lira continues to slide after interest rate cut

Oct. 22, 2021 07:16 AM EDT

ANKARA, Turkey (AP) — The Turkish lira continued to slide and reached a record low against the U.S. dollar Friday, a day after the Central Bank sharply cut interest rates. It was another hit after a global financial watchdog placed Turkey on a list of countries to monitor for money...

Inflation, Fed action set stage for higher mortgage rates

Oct. 21, 2021 11:33 AM EDT

LOS ANGELES (AP) — Mortgage rates have hovered near all-time lows for much of this year, even as inflation has increased sharply across much of the economy. That could begin to change in the weeks to come, now that the Federal Reserve has signaled it could announce as...

Fed officials: Bond purchases could end by middle of 2022

Oct. 13, 2021 16:15 PM EDT

WASHINGTON (AP) — Federal Reserve officials agreed at their last meeting that if the economy continued to improve, they could start reducing their monthly bond purchases as soon as next month and bring them to an end by the middle of 2022. The discussion was revealed...

Stock indexes closing lower as jobs data sparks uncertainty

Oct. 08, 2021 16:31 PM EDT

Wall Street capped a wobbly day of trading with a broad slide for stocks Friday, after a weak jobs report raised questions about the Federal Reserve's timeline to pare back its immense support for markets. The S&P 500 fell 0.2% after wavering between small gains and...

Poland raises interest rates, seeking to tame inflation

Oct. 06, 2021 11:55 AM EDT

WARSAW, Poland (AP) — Poland's central bank unexpectedly raised interest rates on Wednesday as the central European nation faces an accelerating inflation rate that is currently the highest in the European Union. The annual inflation rate rose to 5.8% in September, the...

Fed watchdog to investigate officials' financial trades

Oct. 04, 2021 20:39 PM EDT

WASHINGTON (AP) — An independent investigator will look into whether Federal Reserve officials broke the law with financial trades last year that have come under congressional scrutiny and sharp criticism from outside the central bank. The Federal Reserve’s Office of...

Stocks rebound but still close out worst week since winter

Oct. 01, 2021 17:08 PM EDT

Wall Street rebounded on Friday, led by companies that would benefit most from a healthier economy, but not by enough to keep the stock market from its worst week since the winter. The S&P 500 rose 49.50, or 1.1%, to 4,357.04 following another choppy day of trading....