Latest Central banking News

Tech firms lead broad gains for US stocks in morning trade

Sep. 19, 2019 12:04 PM EDT

Technology companies led broad gains for stocks on Wall Street in morning trading Thursday, extending the market's gains from a day earlier. Microsoft led the tech stock rally, climbing 2.1%, as traders welcomed the software giant's decision to boost its quarterly dividend and approve a $40 billion stock buyback....

President Trump says Fed Chair Powell's job is 'safe'

Sep. 19, 2019 11:13 AM EDT

WASHINGTON (AP) — Despite all of his attacks on the Federal Reserve, President Donald Trump says Chairman Jerome Powell's job is safe. Asked in an interview with Fox News if Powell's job was safe, Trump said, "It's safe. Yes, it's safe. I mean, sure, why not." In the interview broadcast Thursday, Trump did...

World shares mixed following Fed's decision to cut rates

Sep. 19, 2019 8:20 AM EDT

LONDON (AP) — European stock markets pushed higher Thursday as traders had their first chance to respond to the U.S. Federal Reserve's widely anticipated decision to cut its benchmark interest rate for the second time this year. In Europe, Germany's DAX was up 0.3% to 12,422 while the FTSE 100 index of...

Can green investment help relaunch Germany's economy?

Sep. 19, 2019 7:58 AM EDT

FRANKFURT, Germany (AP) — A recession looms for Germany and the European Central Bank is pleading for governments to spend more to revitalize economic growth. Yet despite having the luxury of borrowing money for less than nothing, the German government is keeping a tight rein on its finances. A debate over...

Norway's central bank raises key policy rate again

Sep. 19, 2019 5:04 AM EDT

COPENHAGEN, Denmark (AP) — Norway's central bank has decided to raise its key policy rate by 0.25 percentage points to 1.50% Norges Bank says economic growth in the Scandinavian country "remains solid, and capacity utilization is somewhat above a normal level." In Thursday's statement, it noted that "the...

Japan central bank stands pat after Fed rate cut

Sep. 19, 2019 2:18 AM EDT

TOKYO (AP) — Japan's central bank opted Thursday to keep its monetary policy unchanged despite the growing signs of trouble that prompted the Federal Reserve to cut its benchmark rate. The Bank of Japan said in its policy statement that exports, industrial output and business sentiment had been affected by...

Asian shares mixed following Fed's decision to cut rates

Sep. 19, 2019 12:02 AM EDT

BANGKOK (AP) — Shares were mixed in Asia on Thursday, with Tokyo and Sydney logging modest gains after the Federal Reserve cut its benchmark interest rate for a second time this year, citing slowing global economic growth and uncertainty over U.S. trade conflicts. Japan's central bank opted to keep its own...

A divided Fed reduces rates but may not cut again this year

Sep. 18, 2019 6:24 PM EDT

WASHINGTON (AP) — A sharply divided Federal Reserve cut its benchmark interest rate Wednesday for a second time this year but declined to signal that further rate cuts are likely this year. The Fed's move reduced its key short-term rate — which influences many consumer and business loans — by...

How major US stock indexes fared Wednesday

Sep. 18, 2019 5:03 PM EDT

Major U.S. stock indexes closed mostly higher Wednesday after the Federal Reserve delivered an expected cut in interest rates. Stocks initially fell after the Fed announcement, which revealed central bank policymakers are divided about the upcoming path for interest rates. The market rebounded as Fed Chairman...

Markets Right Now: Stocks sink then recover after Fed cut

Sep. 18, 2019 4:26 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4:00 p.m. Stocks are rebounding at the close of trading, led by banks and big tech names, after the Federal Reserve delivered an expected cut in interest rates. Stocks initially fell after the Fed announcement, after the Fed...