Latest Central bank interest rates News

Fed likely to signal a coming pullback in economic support

Sep. 20, 2021 11:46 AM EDT

WASHINGTON (AP) — The Federal Reserve is expected this week to send its clearest signal yet that it will start reining in its ultra-low-interest rate policies later this year, a first step toward unwinding the extraordinary support it's given the economy since the pandemic struck 18 months...

Fed reviews ethics policies after prolific trading uncovered

Sep. 16, 2021 15:29 PM EDT

WASHINGTON (AP) — The Federal Reserve is reviewing the ethics policies that govern the financial holdings and activities of its senior officials in the wake of recent disclosures that two regional Fed presidents engaged in extensive trading last year. Robert Kaplan,...

Asian shares mostly higher after US Fed signals on low rates

Aug. 29, 2021 22:47 PM EDT

TOKYO (AP) — Asian shares were mostly higher Monday, as investors interpreted comments from the head of the U.S. Federal Reserve as signaling low interest rates were here to stay for some time. Japan's benchmark Nikkei 225 edged up 0.2% in morning trading to 27,686.18....

Stocks rally to records amid relief rates will remain low

Aug. 27, 2021 16:30 PM EDT

NEW YORK (AP) — Wall Street rallied to records on Friday after the head of the Federal Reserve said it's still far from pulling interest rates off the record low that's helped markets soar, even if it does begin dialing back its support for the economy later this year. ...

Powell: Fed on track to slow aid for economy later this year

Aug. 27, 2021 15:06 PM EDT

WASHINGTON (AP) — The Federal Reserve will start dialing back its ultra-low-rate policies this year as long as hiring continues to improve, Chair Jerome Powell said Friday, signaling the beginning of the end of the Fed’s extraordinary response to the pandemic recession. ...

Dilemma for Fed chief: High inflation and a surging virus

Aug. 26, 2021 11:34 AM EDT

WASHINGTON (AP) — Not long ago, anticipation was high that Federal Reserve Chair Jerome Powell might begin to sketch out a plan this week for the Fed to start pulling back on its support for an economy that has been steadily strengthening. That was before COVID-19 cases...

Fed discussed pulling back on bond purchases later this year

Aug. 18, 2021 16:27 PM EDT

WASHINGTON (AP) — Federal Reserve officials last month discussed the idea of beginning to dial back their extraordinary support for the U.S. economy later this year, though they stopped short of a firm decision on a timetable. The minutes of the Fed's July 27-28...

Bullard: Robust job growth supports Fed tapering 'soon'

Aug. 10, 2021 15:16 PM EDT

WASHINGTON (AP) — Last week's jobs report demonstrated the ongoing strength of the U.S. economy and underscored the need for the Federal Reserve to rein in its stimulus efforts, a Fed official said Tuesday. St. Louis Federal Reserve Bank President James Bullard said...

Rosengren: Fed should begin slowing stimulus efforts by fall

Aug. 09, 2021 17:02 PM EDT

WASHINGTON (AP) — The president of the Federal Reserve Bank of Boston added his voice Monday to a growing number of people, inside and outside the Fed, who say the central bank should soon begin to dial back its extraordinary aid for an economy that is strongly recovering from the pandemic...

Strong jobs report sends most stocks, bond yields higher

Aug. 06, 2021 16:40 PM EDT

Wall Street capped a choppy week of trading Friday with broad gains, which helped push the S&P 500 and Dow Jones Industrial Average to new highs. The S&P 500 rose 0.2%, a day after setting another all-time high. Every major index notched a weekly gain after...