Latest Monetary policy News

Global stocks rise amid strong earnings reports

Oct. 16, 2018 8:04 AM EDT

SINGAPORE (AP) — World stock markets were mostly higher Tuesday after strong earnings reports in the United States. KEEPING SCORE: France's CAC 40 added 0.4 percent to 5,116, while Britain's FTSE 100 fell 0.2 percent to 7,016. Germany's DAX rose 0.6 percent to 11,687. Italy's FTSE MIB jumped 1.1 percent to...

Prospect of Trump-Xi talks raises hope for thaw in trade war

Oct. 12, 2018 11:52 PM EDT

BEIJING (AP) — With China and the United States opening the door to a meeting next month between Presidents Xi Jinping and Donald Trump, hopes are rising for a potential easing of tensions in the trade war between the world's two largest economies. Worries about the increased tariffs the two sides have...

Tech stock rally helps snap losing streak as rough week ends

Oct. 12, 2018 4:43 PM EDT

NEW YORK (AP) — Stocks rebounded Friday, clawing back some of the week's steep losses, but the turbulent trading of the last few days left no doubt that the relative calm the markets enjoyed all summer had been shattered. Major U.S. indexes ended the week down about 4 percent, their worst weekly loss in...

Mnuchin says Trump respects the independence of the Fed

Oct. 12, 2018 11:48 AM EDT

WASHINGTON (AP) — Treasury Secretary Steven Mnuchin said Friday that President Donald Trump respects the independence of the Federal Reserve and the president's recent comments were simply a reflection of the fact that he favors low interest rates. "The president has been clear," Mnuchin said in an...

Asian markets mixed on strong Chinese trade data

Oct. 11, 2018 11:57 PM EDT

SINGAPORE (AP) — Asian stocks were mixed on Friday as better-than-expected Chinese trade data gave some markets a breather from worries about the impact of punitive tariffs. KEEPING SCORE: Japan's benchmark Nikkei 225 racked up more losses after falling almost 4 percent in the previous day. The index...

Trump steps up his attacks on Federal Reserve's rate hikes

Oct. 11, 2018 4:05 PM EDT

WASHINGTON (AP) — President Donald Trump on Thursday escalated his attack on the Federal Reserve's interest rate increases, asserting that "the Fed is out of control" and blaming it for this week's plunge in stock prices. "It's a correction that I think is caused by the Federal Reserve with interest...

Trump steps up his attacks on Federal Reserve's rate hikes

Oct. 11, 2018 4:03 PM EDT

WASHINGTON (AP) — President Donald Trump has escalated his attack on the Federal Reserve's interest rate increases, asserting that "the Fed is out of control" and blaming it for this week's plunge in stock prices. "It's a correction that I think is caused by the Federal Reserve with interest rates," Trump...

Mortgage rates leap to 7-year highs; 30-year at 4.90 percent

Oct. 11, 2018 12:34 PM EDT

WASHINGTON (AP) — Long-term U.S. mortgage rates leaped this week to their highest levels in seven years amid global anxiety over rising interest rates that has gripped financial markets. Costs for would-be homebuyers are climbing. Mortgage buyer Freddie Mac said Thursday the rate on 30-year, fixed-rate...

US consumer prices up slight 0.1 percent in September

Oct. 11, 2018 10:30 AM EDT

WASHINGTON (AP) — Consumer prices edged up a slight 0.1 percent in September as energy prices retreated after a big gain in August. The Labor Department said Thursday that the September gain in its closely watched consumer price index followed a 0.2 percent rise in August. It was the smallest monthly gain...

European Central Bank confident in plan to remove stimulus

Oct. 11, 2018 8:43 AM EDT

FRANKFURT, Germany (AP) — Top European Central Bank officials expressed confidence at their last meeting that inflation is trending toward levels consistent with a strong economy — more confirmation that their 2.5 trillion-euro ($2.9 trillion) stimulus program will cease at year end. The written...