Latest Federal Reserve System News

Asia shares mixed as caution prevails ahead of US price data

Jun. 24, 2021 03:18 AM EDT

BANGKOK (AP) — Asian shares were mixed Thursday, trading in a narrow range as investors awaited new U.S. inflation data. Tokyo and Shanghai were unchanged, while Seoul and Hong Kong advanced. Sydney declined following a listless day of trading on Wall Street. ...

Asian shares mostly higher after listless session on Wall St

Jun. 24, 2021 00:34 AM EDT

BANGKOK (AP) — Shares were mostly higher in Asia on Thursday after a listless day of trading on Wall Street as the recent bout of nerves over Federal Reserve policy fades. Markets advanced in Tokyo, Seoul and Hong Kong while Sydney and Shanghai declined. ...

Asia stocks rise after Fed chair says US inflation temporary

Jun. 22, 2021 23:36 PM EDT

BEIJING (AP) — Asian stock markets followed Wall Street higher on Wednesday after the Federal Reserve chairman said higher U.S. inflation probably is temporary, helping to calm fears central bankers might feel pressure to roll back economic stimulus. Market benchmarks...

How major US stock indexes fared Tuesday

Jun. 22, 2021 16:21 PM EDT

Stocks finished higher on Wall Street Tuesday, nudging the S&P 500 closer to the record high it reached last week. Markets were relatively calm through the Congressional testimony of Federal Reserve Chair Jerome Powell, who said he expects recent increases in...

Fed's Powell says high inflation temporary, will 'wane'

Jun. 22, 2021 15:57 PM EDT

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell on Tuesday responded to concerns from Republican lawmakers about spiking inflation by reiterating his view that current price increases will likely prove temporary. Consumer prices jumped 5% in May compared with a...

Asian shares track rebound on Wall Street

Jun. 21, 2021 23:38 PM EDT

TOKYO (AP) — Asian shares have rebounded from their retreat a day earlier, tracking Wall Street's recovery from the Federal Reserve's reminder it will eventually provide less support to markets. Japan's benchmark Nikkei 225 jumped 2.8% in morning trading to 28,785.24....

Powell says economy growing rapidly, inflation up 'notably'

Jun. 21, 2021 19:54 PM EDT

WASHINGTON (AP) — The economy is growing at a healthy clip, and that has accelerated inflation, Federal Reserve Chair Jerome Powell says in written testimony to be delivered Tuesday at a congressional oversight hearing. Still, Powell reiterated his view that...

How major US stock indexes fared Monday

Jun. 21, 2021 16:39 PM EDT

Stocks rebounded on Wall Street Monday and clawed back most of their sharp loss from last week. The S&P 500 snapped higher as the initial jolt passed from the Federal Reserve’s reminder that it will eventually offer less help for markets. Oil producers, banks and...

Inflation ahead? Even a top economist says it's complicated

Jun. 21, 2021 04:37 AM EDT

WASHINGTON (AP) — Two months of sharply rising prices have raised concerns that record-high government financial aid and the Federal Reserve’s ultra-low interest rate policies — when the economy is already surging — have elevated the risk of accelerating inflation. ...

US stocks slump; S&P 500 has its worst week since February

Jun. 18, 2021 16:43 PM EDT

NEW YORK (AP) — Stocks sank again on Wall Street Friday, knocking the S&P 500 to its worst weekly loss since February, as more steam comes out of banks and other stocks that soared earlier this year with expectations for the economy and inflation. The S&P 500...