Latest Central bank interest rates News

Lebanese central bank slashes interest rates amid crisis

Dec. 4, 2019 1:27 PM EST

BEIRUT (AP) — Lebanon’s central bank on Wednesday dramatically lowered interest rates on dollar and Lebanese pound deposits and loans — the latest measure to shore up the country’s banking system amid a burgeoning economic crisis. Banque de Liban also announced that for the next six...

Brazil’s Bolsonaro under fire after Trump slaps tariffs

Dec. 2, 2019 4:27 PM EST

SAO PAULO (AP) — Brazilian President Jair Bolsonaro’s U.S.-focused foreign policy efforts suffered a severe setback on Monday when his American counterpart Donald Trump pledged to impose tariffs on steel and aluminum on the South American nation. Trump initially leveled the threat by Twitter while...

Fed survey finds US economy expanding despite trade fallout

Nov. 27, 2019 2:27 PM EST

WASHINGTON (AP) — The Federal Reserve said Wednesday that the U.S. economy was expanding at a modest pace in October and early November, supported by growing consumer spending. In its latest assessment of business conditions nationwide, the Fed struck a more upbeat tone than it had in its previous report...

US economy looking durable despite risks from trade conflict

Nov. 27, 2019 1:08 PM EST

WASHINGTON (AP) — A series of government reports Wednesday cast a picture of a steadily growing U.S. economy, fueled by solid consumer spending and defying threats — at least for now — from a U.S.-China trade war and a global slowdown. The Commerce Department estimated that the economy grew...

Powell: Solid economy but tame inflation allows low rates

Nov. 25, 2019 7:51 PM EST

Federal Reserve Chairman Jerome Powell on Monday sketched an optimistic view of the economy but signaled that continued low inflation means higher interest rates won’t likely be necessary anytime soon. Powell said that even with unemployment near a 50-year low of 3.6%, there’s still “plenty...

Jerome meets Jasmine: Fed chief observes economic struggles

Nov. 25, 2019 4:10 PM EST

EAST HARTFORD, Connecticut (AP) — Federal Reserve Chairman Jerome Powell normally spends his days in the marble halls of Washington, meeting with senators and Fed economists. On Monday, he learned about the job market from an 18-year-old named Jasmine. A recent high school graduate, Jasmine Ayala explained...

Global shares mostly rise while investors await trade news

Nov. 19, 2019 8:00 AM EST

TOKYO (AP) — Global shares rose Tuesday as investors appeared hopeful for positive news from the trade talks between the United States and China. Strong economic data and better-than-expected corporate earnings have buoyed U.S. shares since early October, while “markets remain convinced that we will...

Trump summons Powell to discuss rates amid WH attacks on Fed

Nov. 18, 2019 2:43 PM EST

WASHINGTON (AP) — President Donald Trump summoned Federal Reserve Chairman Jerome Powell to the White House on Monday to discuss the economy and interest rates — issues on which Trump has repeatedly attacked the Fed. The Fed said in a statement that Powell’s message to Trump during their...

Stock prices surge on bullish talk on China-US trade deal

Nov. 15, 2019 12:27 AM EST

BANGKOK (AP) — Shares advanced in Asia on Friday after White House officials said China and the U.S. were getting close to an agreement to cool tensions over trade. Markets have swung from euphoria to alarm as officials in Beijing and Washington offered conflicting opinions about the state of the...

Powell urges Congress to tackle growing budget deficit

Nov. 14, 2019 3:23 PM EST

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell on Thursday urged Congress to tackle the growing budget deficit but also underscored the current health of the nation’s economy. Powell’s testimony before the House Budget Committee came a day after he told Congress’ Joint...