Latest Central bank interest rates News

President of European Central Bank Christine Lagarde smiles prior to a press conference following a meeting of the governing council in Frankfurt, Germany, Thursday, Jan. 23, 2020. (AP Photo/Michael Probst)

European Central Bank holds rates, launches policy review

Jan. 23, 2020 11:54 AM EST

FRANKFURT, Germany (AP) — The European Central Bank has decided to launch a top-to-bottom review of how it steers the economy in the 19 countries that use the euro currency. The review, the first since the global financial crisis, could include tweaking the bank's goal for inflation and finding ways to...

European Central Bank keeps interest rates, stimulus programs on hold, launches review of strategy

Jan. 23, 2020 7:48 AM EST
FRANKFURT, Germany (AP) — European Central Bank keeps interest rates, stimulus programs on hold, launches review of strategy.
A worker cleans up an electronic stock board of a securities firm in Tokyo, Tuesday, Jan. 21, 2020. Asian stock markets have tumbled as concern about the impact of a Chinese disease outbreak on tourism and regional economies grows. (AP Photo/Koji Sasahara)

Global stocks slide on growing concern about China virus

Jan. 21, 2020 8:28 AM EST

BEIJING (AP) — Stock and oil prices fell Tuesday as concern about the potential impact of a Chinese disease outbreak increased and a rating agency cut Hong Kong's credit rating for official borrowing due to political tension. Indexes in London and Frankfurt declined and Shanghai, Tokyo and Hong Kong closed...

FILE - This Feb. 5, 2018, file photo shows the seal of the Board of Governors of the United States Federal Reserve System at the Marriner S. Eccles Federal Reserve Board Building in Washington. On Thursday, Jan. 16, 2020, President Donald Trump announced he has nominated Judy Shelton and Christopher Waller to serve on the Federal Reserve's influential Board of Governors. Shelton is an economic adviser to Trump's campaign who recently served as the U.S. executive director for the European Bank of Reconstruction and Development. Waller is the director of research at the Federal Reserve Bank of St. Louis. (AP Photo/Andrew Harnik, File)

Trump to nominate Shelton, Waller to Federal Reserve

Jan. 16, 2020 8:38 PM EST

WASHINGTON (AP) — President Donald Trump said Thursday that he intends to nominate two people to serve on the Federal Reserve's Board of Governors, an institution he has repeatedly attacked for not cutting rates deeply enough. Both were first named by Trump on Twitter in July but their nominations hadn't...

FILE - In this Jan. 3, 2020, file photo the New York Stock Exchange is framed by the columns at Federal Hall National Memorial in New York. The U.S. stock market opens at 9:30 a.m. EST on Friday, Jan. 10. (AP Photo/Mary Altaffer, File)

US stocks pull back from records following jobs report

Jan. 10, 2020 4:31 PM EST

NEW YORK (AP) — U.S. stocks fell from their record heights on Friday after a report showed hiring was a touch weaker than expected last month. Employers added 145,000 jobs across the country in December, short of the 160,000 that economists forecast. But the growth was solid enough to bolster Wall...

FILE - In this Aug. 14, 2019, file photo former Fed Chair Janet Yellen speaks with FOX Business Network guest anchor Jon Hilsenrath in the Fox Washington bureau in Washington. In her first year as Federal Reserve chair, Yellen presided over a policy panel divided over the issue of how much longer the central bank could afford to keep its benchmark interest rate at a record low, and how to prepare financial markets for the start of rate hikes. (AP Photo/Andrew Harnik, File)

2014 Fed conundrum: How to alert markets rates were going up

Jan. 10, 2020 4:06 PM EST

WASHINGTON (AP) — In her first year as Federal Reserve chair, Janet Yellen presided over a policy panel divided over the issue of how much longer the central bank could afford to keep its benchmark interest rate at a record low, and how to prepare financial markets for the start of rate hikes. According to...

FILE - In this Aug. 24, 2018, file photo John Williams, left, President and CEO of the Federal Reserve Bank of New York, and Jerome Powell, Chairman of the Board of Governors of the Federal Reserve System walk together after Powell's speech at the Jackson Hole Economic Policy Symposium in Jackson Hole, Wyo. Williams said said Thursday, Jan. 9, 2020, that the Fed needs to re-orient its policies toward fighting inflation that is too low, rather than its historic focus on keeping inflation from getting too high. (AP Photo/Jonathan Crosby, File)

Fed should focus on fighting low inflation, official says

Jan. 9, 2020 2:29 PM EST

WASHINGTON (AP) — A top Federal Reserve official believes that the U.S. central bank needs to re-orient its thinking and policies toward fighting inflation that is too low, rather than its historic focus on keeping inflation from getting too high. John Williams, president of the New York Federal Reserve...

FILE - In this Sept. 18, 2019, file photo, stock prices are displayed at the New York Stock Exchange. Funds of all types made money through 2019, from risky ones full of stocks from developing economies to stodgy funds holding only super-safe Treasury bonds. (AP Photo/Mark Lennihan, File)

Investors could be partying like it's 1997, but many sat out

Jan. 2, 2020 1:01 PM EST

NEW YORK (AP) — Break out the Spice Girls CDs. That was one of the best years in decades for funds. Funds of all types made money through 2019, from risky ones full of stocks from developing economies to stodgy funds holding only super-safe Treasury bonds. Someone who came into 2019 with their money split...

FILE - In this Dec. 5, 2019, file photo trader James MacGilvray works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Monday, Dec. 30. (AP Photo/Richard Drew, File)

Asian shares track Wall Street retreat as year winds down

Dec. 30, 2019 11:18 PM EST

TOKYO (AP) — Asian shares were lower in quiet New Year's Eve trading, with many markets closed. Tuesday's declines tracked a broad retreat overnight on Wall Street that erased some of the major indexes’ recent gains, though the market remains on track to end the year with its best performance since...

A man looks at an electronic stock board of a securities firm in Tokyo, Monday, Dec. 30, 2019. Asian shares were mostly lower Monday as investors awaited updates on the signing of a trade deal between the U.S. and China and kept a wary eye on North Korea.  (AP Photo/Koji Sasahara)

Global shares mixed as investors eye NKorea, China-US trade

Dec. 30, 2019 8:57 AM EST

TOKYO (AP) — Global shares were mixed Monday as Chinese benchmarks surged on expectations of lower financing costs following a policy decision by the country's central bank. Investors were awaiting updates on the signing of a trade deal between the U.S. and China and keeping a wary eye on North Korea. ...