Latest Prices News

President Donald Trump delivers remarks on healthcare at Charlotte Douglas International Airport, Thursday, Sept. 24, 2020, in Charlotte, N.C. (AP Photo/Evan Vucci)

Trump promotes health care 'vision' but gaps remain

Sep. 24, 2020 9:39 PM EDT

CHARLOTTE, N.C. (AP) — More than three-and-a-half years into his presidency and 40 days from an election, President Donald Trump on Thursday launched what aides termed a “vision” for health care heavy on unfulfilled aspirations. “This is affirmed, signed, and done, so we can put that...

FILE - In this July 21, 2020, file photo, a homeowner tours his new home, in Washingtonville, N.Y. U.S. average rates on long-term mortgages fell this week amid signs that the halting economic recovery slowed over the summer. The key 30-year mortgage again marked an all-time low. Mortgage buyer Freddie Mac reports that the average rate on the 30-year home loan declined to 2.86% from 2.93% last week. (AP Photo/John Minchillo, File)

Mortgage rates tick up to 2.9%, remain at historic lows

Sep. 24, 2020 10:01 AM EDT

SILVER SPRING, Md. (AP) — U.S. average rates on long-term mortgages rose slightly this week but remain at historically low levels. Mortgage buyer Freddie Mac reported Thursday that the average rate on the 30-year home loan edged up to 2.90% from 2.87% last week. One year ago, the rate averaged 3.64%. The...

Turkey hikes rates to support currency, fight inflation

Sep. 24, 2020 8:49 AM EDT

ANKARA, Turkey (AP) — Turkey’s Central Bank raised its benchmark interest rate by 2 percentage points on Thursday, its first hike in two years to fight inflation and support its falling currency. In a surprise move that helped boost the Turkish currency, the Monetary Policy Committee said it had...

FILE - In this May 24, 2020 file photo, Sudanese worshippers gather for Eid al-Fitr prayers, the Muslim holiday which starts at the conclusion of the holy fasting month of Ramadan, in Khartoum, Sudan. The International Monetary Fund has signed off on Sudan’s economic reform program, a move that can eventually allow the highly-indebted African country receive debt reliefs and hence rebuild its battered economy. The IMF released a statement Wednesday, Sept. 23, 2020,  saying that its staff will be monitoring the implementation of a “home-grown” economic restructuring program. (AP Photo/Marwan Ali, file)

IMF endorses Sudan's reform plan for battered economy

Sep. 24, 2020 7:49 AM EDT

CAIRO (AP) — The International Monetary Fund has signed off on Sudan's economic reform program, a move that can eventually allow the highly-indebted African country to get debt relief and move ahead with rebuilding its battered economy as it transitions to democratic rule. Until the end of June 2021, IMF...

Federal Reserve Chair Jerome Powell testifies during a House Select Subcommittee on the Coronavirus Crisis hearing on Capitol Hill in Washington on Wednesday, Sept. 23, 2020. (Kevin Dietsch/Pool via AP)

Powell faces lawmakers' skepticism on some Fed aid programs

Sep. 23, 2020 1:54 PM EDT

WASHINGTON (AP) — Chairman Jerome Powell on Wednesday defended the Federal Reserve's efforts to support the economy during the pandemic-induced recession from assertions that its programs bungled aspects of its response. A House subcommittee released a staff analysis that found that a program in which the...

FILE - In this April 1, 2020 photo, a

US homes sales rise 2.4% in August

Sep. 22, 2020 1:07 PM EDT

SILVER SPRING, Md. (AP) — Sales of existing homes rose 2.4% in August to its highest level since 2006 as the housing market recovers from a widespread shutdown in the spring brought on by the coronavirus outbreak. The National Association of Realtors said Tuesday that sales rose to a seasonally adjusted...

Currency traders work at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, Sept. 17, 2020. Asian stock markets declined Thursday after the U.S. Federal Reserve indicated its benchmark interest rate will stay close to zero at least through 2023 but announced no additional stimulus plans. (AP Photo/Ahn Young-joon)

Asian stocks retreat on lack of new Fed action

Sep. 16, 2020 11:28 PM EDT

Asian stock markets declined Thursday after the U.S. Federal Reserve indicated its benchmark interest rate will stay close to zero at least through 2023 but announced no additional stimulus plans. Market benchmarks in Shanghai, Tokyo, Seoul and Hong Kong all retreated. Wall Street's benchmark S&P 500 index...

FILE - In this June 30, 2020, file photo Federal Reserve Board Chairman Jerome Powell, reflected in the sneeze guard set up between himself and members of the House Committee on Financial Services, speaks during a hearing on oversight of the Treasury Department and Federal Reserve pandemic response on Capitol Hill in Washington.  The Federal Reserve adjusted its inflation target to seek price increases above 2% annually, a move that will likely keep interest rates low for years to come.  The Fed on Wednesday, Sept. 16,  also left its benchmark short-term rate unchanged at nearly zero, where it has been since the pandemic intensified in March.  (Bill O'Leary/The Washington Post via AP, Pool)

Fed sees rates near zero through 2023, perhaps longer

Sep. 16, 2020 6:55 PM EDT

WASHINGTON (AP) — With the economy still struggling to recover from the pandemic recession, Federal Reserve policymakers signaled Wednesday that their benchmark short-term interest rate will likely remain at zero at least through 2023 and possibly even longer. Fed chair Jerome Powell said at a press...

FILE - In this May 22, 2020, file photo, the Federal Reserve building is viewed in Washington. Federal Reserve policymakers will meet this week for the first time since they significantly revised the Fed's operating framework in ways that will likely keep short-term interest rates near zero for years to come.  (AP Photo/Patrick Semansky, File)

Text of the Fed's statement after its meeting Wednesday

Sep. 16, 2020 2:08 PM EDT

WASHINGTON (AP) — Below is the statement the Fed released Wednesday after its policy meeting ended: The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals. The COVID-19...

Federal Reserve to seek inflation over 2%, keeps benchmark interest rate near zero; sees low rates at least through 2023

Sep. 16, 2020 2:01 PM EDT
WASHINGTON (AP) — Federal Reserve to seek inflation over 2%, keeps benchmark interest rate near zero; sees low rates at least through 2023.