Latest Federal Reserve System News

Fed reviews ethics policies after prolific trading uncovered

Sep. 16, 2021 15:29 PM EDT

WASHINGTON (AP) — The Federal Reserve is reviewing the ethics policies that govern the financial holdings and activities of its senior officials in the wake of recent disclosures that two regional Fed presidents engaged in extensive trading last year. Robert Kaplan,...

US consumer prices rise 0.3% in August, lowest in 7 months

Sep. 14, 2021 09:56 AM EDT

WASHINGTON (AP) — U.S. consumer prices rose a lower-than-expected 0.3% last month, the smallest increase in seven months and a hopeful sign that a recent jump in inflation may be cooling. The August gain was weaker than the 0.5% increase in July and a 0.9% surge in...

Tech slide pulls S&P 500 down for its 5th straight loss

Sep. 10, 2021 16:47 PM EDT

Wall Street capped a choppy day of trading Friday with another pullback for stocks and the S&P 500's first weekly loss in three weeks. The benchmark index fell 0.8%, its fifth straight decline, and ended 1.7% lower for the holiday-shortened week. That's it's biggest...

Asian shares slip as Fed signals 'downshift' in economy

Sep. 08, 2021 22:34 PM EDT

Shares fell in Asia on Thursday after further losses on Wall Street following a Federal Reserve report showing U.S. economic activity slowed this summer. The report pointed to resurgent coronavirus cases and mounting supply chain problems and labor shortages — woes...

How major US stock indexes fared Wednesday

Sep. 08, 2021 16:49 PM EDT

Stocks are closing lower on Wall Street Wednesday following a Federal Reserve report that shows U.S. economic activity slowed this summer amid rising worries over resurgent coronavirus cases and mounting supply chain problems and labor shortages. The S&P 500 index,...

Fed survey finds growth 'downshifted' in summer due to COVID

Sep. 08, 2021 15:28 PM EDT

WASHINGTON (AP) — U.S. economic activity “downshifted” in July and August due to rising concerns about COVID's delta variant, as well as supply chain problems and labor shortages, the Federal Reserve’s latest survey of the nation's business conditions revealed. ...

Global stock markets rise after weak US hiring data

Sep. 06, 2021 05:28 AM EDT

BEIJING (AP) — Global stock markets and Wall Street futures rose Monday after weak U.S. hiring in August fueled expectations the Federal Reserve might postpone withdrawal of economic stimulus that has boosted stock prices. London and Frankfurt opened higher. Shanghai,...

Consumer credit, Dave & Buster’s earns, producer price index

Sep. 06, 2021 01:12 AM EDT

A look at some of the key business events and economic indicators upcoming this week: JUST CHARGE IT The Federal Reserve issues its latest monthly tally of U.S. consumer borrowing Wednesday. Americans, bolstered by a reopening...

Asian stock markets rise after weak US hiring data

Sep. 05, 2021 23:32 PM EDT

BEIJING (AP) — Asian stock markets rose Monday after weak U.S. hiring in August fueled expectations the Federal Reserve might postpone withdrawal of economic stimulus that has boosted stock prices. Shanghai, Tokyo and Hong Kong, which are the bulk of the region’s...

Asian stock markets mixed after Wall St hits another record

Sep. 02, 2021 23:45 PM EDT

BEIJING (AP) — Asian stock markets rose Friday as investors awaited U.S. hiring data some appear to hope will be weak enough to persuade the Federal Reserve to postpone winding down economic stimulus. Tokyo advanced after Wall Street hit a record. Shanghai and Hong Kong...