Latest Central bank interest rates News

Smaller stocks are winning again, but for how long?

Feb. 7, 2019 11:03 AM EST

NEW YORK (AP) — The stock market's biggest gains are once again coming from its smallest companies, but the trend may not last much longer. Smaller-company stocks like Allegiant Travel and AK Steel have been soaring since late December and leading the rest of the market, a sharp reversal from much of the...

World markets fall ahead of EU growth forecasts

Feb. 7, 2019 5:25 AM EST

SINGAPORE (AP) — World stocks were mostly lower on Thursday ahead of the European Commission's economic forecasts. Germany reported its industrial production slipped 0.4 percent in December from the previous month, way below the 0.9 percent gain analysts had expected. The latest data follows a 1.6 percent...

India's central bank surprises with cut in key lending rate

Feb. 7, 2019 4:42 AM EST

NEW DELHI (AP) — India's central bank on Thursday lowered its key interest rate by a quarter of a percentage point to 6.25 percent in a surprise move intended to keep growth on track. The interest rate is what the federal bank charges on lending to commercial banks. Lower interest rates help borrowers but...

Asian markets rise on hopes for interest rate cuts

Feb. 6, 2019 10:53 PM EST

SINGAPORE (AP) — Asian shares were mostly higher Thursday on news that the Reserve Bank of Australia may cut interest rates, driving hopes that other central banks could come to the same conclusion. Markets in China, Hong Kong and Taiwan were closed for Lunar New Year. Philip Lowe, the governor of...

Mnuchin says Powell and Trump had 'productive' meeting

Feb. 6, 2019 2:45 PM EST

WASHINGTON (AP) — Treasury Secretary Steven Mnuchin said Wednesday that President Donald Trump had a "quite productive" dinner with Federal Reserve Chairman Jerome Powell, during which they discussed a wide range of subjects, from the state of the economy to the Super Bowl and Tiger Woods' golf game....

Trump has solid US economy for SOTU, but threats remain

Feb. 5, 2019 12:06 AM EST

WASHINGTON (AP) — President Donald Trump will enjoy the backdrop of a mostly solid economy as he delivers his second State of the Union address Tuesday night, though questions about its sustainability linger. Trump will likely tout the latest signs of strength: Friday's jobs report showed that employers...

Trump and Fed chairman Powell discuss economy over dinner

Feb. 4, 2019 9:39 PM EST

WASHINGTON (AP) — The Federal Reserve says Chairman Jerome Powell had dinner at the White House with President Donald Trump on Monday, but the two men did not discuss the future course of interest rates. The Fed says Trump and Powell were joined by Treasury Secretary Steven Mnuchin and Federal Reserve Vice...

Set against a shaky global picture, US economy looks sturdy

Feb. 2, 2019 10:12 AM EST

WASHINGTON (AP) — The U.S. economy, well into its 10th year of growth, still has a spring in its step. And it's all the more visible when set against a tiring global picture. A robust January jobs report on Friday showed that America's companies are, for now, brushing off an array of economic perils and...

World shares mostly higher after Fed signal on rates

Jan. 31, 2019 7:23 AM EST

BANGKOK (AP) — Stock markets mostly rose Thursday after the U.S. Federal Reserve signaled it would be cautious in raising interest rates and as investors monitor U.S-China trade talks. Economic data was mixed, with one survey pointing to improved Chinese manufacturing but another showing a slowdown in...

Asia shares gain on uptick in China factory survey, Fed talk

Jan. 30, 2019 10:54 PM EST

BANGKOK (AP) — Shares rose in Asia on Thursday after a survey of Chinese manufacturers showed factory activity improved slightly in December. KEEPING SCORE: Japan's Nikkei 225 index surged 1.3 percent to 20,833.59 and the Hang Seng in Hong Kong also gained 1.3 percent, to 28,001.17. South Korea's Kospi...