Latest Central bank interest rates News

Minutes show some on Fed still think rate hikes possible

May. 22, 2019 3:31 PM EDT

WASHINGTON (AP) — Federal Reserve officials at their recent meeting believed the central bank could remain "patient" in deciding when to adjust interest rates, though some officials thought future rate hikes might still be needed. In minutes of the April 30-May 1 discussions released Wednesday, Fed...

Powell says he sees 'moderate' risk from corporate debt

May. 20, 2019 8:47 PM EDT

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Monday that the central bank is closely monitoring a sharp rise in corporate debt but currently does not see the types of threats that triggered the 2008 financial crisis. In remarks to a banking conference in Fernandina Beach, Florida, Powell...

Worsening US-China trade tensions rattle financial markets

May. 7, 2019 5:04 PM EDT

The Dow Jones Industrial Average tumbled more than 470 points Tuesday amid a broad sell-off on Wall Street as the U.S. and China moved closer to an escalation of their already costly trade war. The U.S. was set to impose higher tariffs on China on Friday, a day after representatives from both nations are...

Malaysia cuts interest rate for first time in 3 years

May. 7, 2019 6:20 AM EDT

KUALA LUMPUR, Malaysia (AP) — Malaysia's central bank cut interest rates Tuesday for the first time in nearly three years to help support growth and counter risks from a global slowdown, trade tensions and extended weakness in commodity prices. Bank Negara Malaysia says it decided to reduce its overnight...

Unemployment hits 49-year low as US employers step up hiring

May. 3, 2019 5:13 PM EDT

WASHINGTON (AP) — Hiring accelerated and pay rose at a solid pace in April, setting the stage for healthy U.S. economic growth to endure despite fears of a slowdown earlier this year. Employers added 263,000 jobs, with the unemployment rate dropping to a five-decade low of 3.6% from 3.8%, though that drop...

Eurozone inflation ticks up in hopeful sign for central bank

May. 3, 2019 8:08 AM EDT

FRANKFURT, Germany (AP) — Inflation rose in April in the 19-country eurozone, at first glance an encouraging sign for the European Central Bank in its struggle to sustainably raise prices. The European Union's statistics agency Eurostat said Friday that annual inflation rose to 1.7% in April from 1.4% in...

Trump Fed choice Stephen Moore withdraws amid controversy

May. 2, 2019 9:07 PM EDT

WASHINGTON (AP) — Stephen Moore, a conservative commentator whom President Donald Trump had tapped for the Federal Reserve board, withdrew from consideration Thursday after losing Republican support in the Senate, largely over his past inflammatory writings about women. Trump tweeted the news of Moore's...

A Trump dilemma: Finding a dovish GOP ally to serve on Fed

May. 2, 2019 1:43 PM EDT

WASHINGTON (AP) — The withdrawal Thursday of Stephen Moore, President Donald Trump's choice for the Federal Reserve board, has thrown a spotlight on the tough task Trump has set for himself: Finding a rare conservative ally who both favors cutting interest rates and is respected enough to win Senate...

UK economy to slow near-term as Brexit preparations halted

May. 2, 2019 9:20 AM EDT

LONDON (AP) — The British economy will weaken in the near-term as firms ease up on Brexit preparations now that the country's departure from the European Union has been delayed by months, the Bank of England said Thursday. In its quarterly forecasts, the central bank said stock-building by companies had...

World stocks waver as Fed steers clear of signaling rate cut

May. 2, 2019 7:41 AM EDT

SINGAPORE (AP) — World stocks were mixed on Thursday after the U.S. Federal Reserve kept its benchmark interest rate intact and steered clear of suggesting that a cut was likely this year. As European traders returned from the May Day holiday, France's CAC 40 lost 0.4% to 5,561 while Germany's DAX picked...