Latest Central bank interest rates News

Fed seems poised to raise rates for a 3rd time this year

Sep. 26, 2018 3:28 AM EDT

WASHINGTON (AP) — The Federal Reserve is set Wednesday to raise interest rates for a third time this year and possibly modify the likely direction of rates in the months ahead. The big question is whether the strong U.S. economy, which has been fueled this year by tax cuts and increased government...

Fed seems poised to raise rates for a 3rd time this year

Sep. 26, 2018 3:06 AM EDT

WASHINGTON (AP) — The Federal Reserve is set Wednesday to raise interest rates for a third time this year and possibly modify the likely direction of rates in the months ahead. The big question is whether the strong U.S. economy, which has been fueled this year by tax cuts and increased government...

Asian markets rally ahead of expected US Fed rate hike

Sep. 26, 2018 2:42 AM EDT

SINGAPORE (AP) — Asian markets rose on Wednesday as traders awaited a third interest rate hike by the U.S. Federal Reserve for this year. KEEPING SCORE: Japan's Nikkei 225 rose 0.4 percent to 24,033.79. Hong Kong's Hang Seng index, which reopened after a holiday, jumped 1.7 percent to 27,968.13. The...

Asian markets rally ahead of US Fed rate hike

Sep. 25, 2018 11:37 PM EDT

SINGAPORE (AP) — Asian markets rose on Wednesday as traders awaited a third interest rate hike by the U.S. Federal Reserve for this year. KEEPING SCORE: Japan's Nikkei 225 rose less than 0.1 percent to 23,953.98. Hong Kong's Hang Seng index, which reopened after a holiday, jumped 1.5 percent to 27,914.26....

Markets Right Now: Stocks close mostly lower on Wall Street

Sep. 25, 2018 4:09 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are finishing mostly lower on Wall Street as losses by financial and health care companies offset gains elsewhere in the market. Chubb fell 1.2 percent Tuesday and Johnson & Johnson lost 1.3 percent....

3 things to watch for from the Federal Reserve on Wednesday

Sep. 25, 2018 12:45 PM EDT

WASHINGTON (AP) — The Federal Reserve is all but certain Wednesday to raise its key short-term interest rate for the third time this year and to signal that another hike is likely before the year ends. But what about next year? Most economists foresee a slowdown in the nearly 10-year-old U.S. economic...

Fed's 3rd hike this year expected despite rising trade risks

Sep. 24, 2018 1:11 PM EDT

WASHINGTON (AP) — The Federal Reserve is set this week to raise interest rates for a third time this year to prevent the economy from growing too fast. But with President Donald Trump's trade fights posing a risk to the U.S. economy, the Fed may soon be ready to slow its hikes. Many analysts expect the...

San Francisco Federal Reserve names Mary Daly as president

Sep. 14, 2018 5:27 PM EDT

WASHINGTON (AP) — The Federal Reserve Bank of San Francisco on Friday announced the appointment of Mary Daly, a longtime Fed economist and a labor market specialist, as the next president of the regional bank. Daly replaces John Williams, who became president of the New York Federal Reserve Bank in April....

Small-company stocks shine on an otherwise ho-hum day

Sep. 14, 2018 4:46 PM EDT

NEW YORK (AP) — U.S. stocks hardly moved Friday as the market wrapped up a solid week. Smaller companies rose following signs of sustained economic growth and reports that more tariffs on Chinese goods could be on the way. Stocks rose in early trading after the Federal Reserve said production of cars and...

Russian Central Bank hikes interest rate to shore up ruble

Sep. 14, 2018 9:22 AM EDT

MOSCOW (AP) — Russia's Central Bank has hiked its key interest rate for the first time in nearly four years, moving to shore up the ruble amid increasing risks of U.S. sanctions. It raised the rate to 7.5 percent from 7.25 percent Friday, saying the move is necessary to contain inflation risks stemming...