Latest Central bank interest rates News

Mexico central bank raises key interest rate to 7.75 percent

Jun. 21, 2018 4:38 PM EDT

MEXICO CITY (AP) — Mexico's central bank has decided to raise its key interbank interest rate to 7.75 percent from 7.5 percent. The bank cited uncertainty around negotiations on the North American Free Trade Agreement and Mexico's upcoming July 1 elections. The peso closed slightly stronger Thursday before...

Fed chair signals gradual rate hikes in tame inflation era

Jun. 20, 2018 10:46 AM EDT

WASHINGTON (AP) — The U.S. Federal Reserve will likely keep raising short-term interest rates at only a gradual pace, Fed chair Jerome Powell said Wednesday, partly because there are few signs, so far, that the ultra-low U.S. unemployment rate is pushing up inflation. In a speech in Portugal, Powell said...

US stocks and bond yields dip amid trade worries

Jun. 15, 2018 6:16 PM EDT

NEW YORK (AP) — U.S. stocks closed out a whirlwind week with a modest loss Friday as markets gauged how much to fret about the Trump administration's decision to step up the trade dispute between the world's two biggest economies. The White House announced tariffs on $50 billion of imports from China, and...

Asian stocks mixed after ECB announcement, US data

Jun. 14, 2018 11:20 PM EDT

SEOUL, South Korea (AP) — Asian stock markets were mixed Friday after Wall Street largely finished with gains following the European Central Bank's announcement to phase out its bond-buying stimulus. Upbeat U.S. data helped bolstered sentiment. KEEPING SCORE: Japan's Nikkei 225 added 0.4 percent to...

Europe, Fed moves show global shift away from cheap money

Jun. 14, 2018 2:14 PM EDT

RIGA, Latvia (AP) — Two of the globe's most powerful central banks are gradually withdrawing the easy money policies that helped repair the damage wrought by the Great Recession and push stock markets to record highs. It's a sign of confidence in the economy, but with uncertain consequences for consumers...

As Fed raises rates, popular bond index funds get pinched

Jun. 14, 2018 1:47 PM EDT

NEW YORK (AP) — For holders of bond funds, the Federal Reserve is providing a reminder that even those buttoned-down, conservative investments carry some risk. Bond prices fall as interest rates rise, and the Fed raised its benchmark interest rate by another quarter of a percentage point Wednesday. The...

The Latest: European Central Bank says euro 'irreversible'

Jun. 14, 2018 9:59 AM EDT

RIGA, Latvia (AP) — The Latest on the European Central Bank's monetary policy meeting (all times local): 4:30 p.m. In response to a question about populist politicians' claim that the euro is not good for some countries, the head of the European Central Bank says the shared currency is irreversible. Mario...

Global stocks sink after Fed hike signal, eyes turn to ECB

Jun. 14, 2018 7:16 AM EDT

SEOUL, South Korea (AP) — Global stocks slumped Thursday after the U.S. Federal Reserve raised its key interest rate and said it would pick up the pace of future increases. Eyes are now on the European Central Bank, which is discussing Thursday when it might end its stimulus program. KEEPING SCORE:...

Asian stocks slump after Fed signals faster rate hikes

Jun. 14, 2018 12:28 AM EDT

SEOUL, South Korea (AP) — Asian stocks slumped Thursday after the U.S. Federal Reserve raised its key interest rate and said it would pick up the pace of future increases. South Korea's market benchmark tumbled 1.6 percent on the first trading day after a meeting of U.S. and North Korean leaders. KEEPING...

Fed raises key rate and sees possible acceleration in hikes

Jun. 13, 2018 5:14 PM EDT

WASHINGTON (AP) — The Federal Reserve took note of a resilient U.S. economy Wednesday by raising its benchmark interest rate for the second time this year and signaling that it may step up its pace of rate increases. The Fed now foresees four rate hikes this year, up from the three it had previously...