Latest Central bank interest rates News
Fed will likely stress commitment to low rates amid pandemic
WASHINGTON (AP) — The Federal Reserve this week will likely underscore its commitment to its low-interest rate policies, even as the economy recovers further from the devastation of the viral pandemic. Chair Jerome Powell is sure to strike a dovish tone at a news conference after the Fed's latest policy...
Fed transcripts show doubts about need for 2015 rate hike
WASHINGTON (AP) — Newly released transcripts show that many Federal Reserve officials had concerns in late 2015 over whether they were making a mistake in raising a key interest rate for the first time in nearly decade. Transcripts of their discussions, released Friday, showed that the chief concern was...
Fed supported advance notice before changing bond purchases
WASHINGTON (AP) — Federal Reserve officials last month supported providing advance notice before the central bank makes changes to its $120 billion in monthly bond purchases. The minutes of those discussions released Wednesday show wide support for adding language to the Fed’s policy statement to...
Turkey's central bank raises interest rate to 17%
ISTANBUL (AP) — Turkey’s central bank raised the benchmark interest rate on Thursday for a second time in a row under its new chief. The bank announced after its Monetary Policy Committee meeting that it was raising the one-week repo rate — the rate by which it lends to commercial banks...
Asian stocks sink after Wall St hits record on stimulus hope
BEIJING (AP) — Asian stock markets declined Friday after Wall Street hit a new high on optimism about economic stimulus and coronavirus vaccine development despite a spike in U.S. unemployment claims. Shanghai, Tokyo and Hong Kong retreated. Overnight, Wall Street's benchmark S&P 500 index gained for a...
Fed keeps rate near zero and sees brighter economy in 2021
WASHINGTON (AP) — The Federal Reserve said Wednesday that it will keep buying government bonds until the economy makes “substantial” progress, a step intended to reassure financial markets and keep long-term borrowing rates low indefinitely. The Fed also reiterated after its latest policy...
Senate confirms Christopher Waller to serve on Fed's board
WASHINGTON (AP) — The Senate on Thursday narrowly confirmed the nomination of Christopher Waller for the Federal Reserve's Board of Governors, placing another of President Donald Trump's picks on the Fed's influential board after a string of high-profile rejections. The vote in favor of Waller was 48-47....
Senate confirms Christopher Waller to serve on Fed's board
WASHINGTON (AP) — The Senate on Thursday narrowly confirmed the nomination of Christopher Waller for the Federal Reserve's Board of Governors, placing another of President Donald Trump's picks on the Fed's influential board after a string of high-profile rejections. The vote in favor of Waller's...
Fed reports slowing US economic activity due to virus surge
WASHINGTON (AP) — A Federal Reserve survey of business conditions around the country found that economic activity in several regions slowed in November as coronavirus cases surged. The Fed report released Wednesday said that overall, the Fed's 12 regional banks characterized the economic expansion as...
Asian shares mixed after S&P 500 sets fresh record high
Asian shares advanced Wednesday after Wall Street kicked off December with more milestones, as a broad rally pushed the S&P 500 and Nasdaq composite to new highs. Australia reported its economy expanded 3.3% in the July-September quarter as the country recovered from pandemic lockdowns. That lifted the...
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