Latest Central bank interest rates News

Stocks, bond yields fall sharply as growth worries spread

Mar. 22, 2019 5:33 PM EDT

Wall Street was roiled Friday by new signs that global economic growth is slowing. The jitters triggered a sell-off in stocks and sent bond yields sharply lower, flashing a possible recession warning. The wave of selling knocked 460 points off the Dow Jones Industrial Average and gave the benchmark S&P 500...

Asian stocks stumble on doubts over US-China trade deal

Mar. 22, 2019 12:16 AM EDT

SINGAPORE (AP) — Asian markets were mostly lower on Friday as caution set in ahead of U.S.-China trade talks in Beijing next week. The Shanghai Composite index gave up 0.8 percent to 3,077.56 and Hong Kong's Hang Seng lost 0.5 percent to 28,913.55. The Kospi in South Korea was flat at 2,184.94. Japan's...

Consumers should soon see benefit of Fed's patience on rates

Mar. 21, 2019 11:55 AM EDT

NEW YORK (AP) — So much for those worries about rising interest rates. Just a few months ago, rising rates were bearing down on everyone from home buyers to stock investors after the Federal Reserve put through seven quarter-point increases in 2017 and 2018. This year, the Fed has changed course. In...

European shares shaken by Brexit jitters after gains in Asia

Mar. 21, 2019 8:47 AM EDT

BANGKOK (AP) — Shares were mostly lower in Europe on Thursday and headed for a lower open on Wall Street amid Brexit uncertainties and after the Federal Reserve promised not to raise interest rates this year. Britain's FTSE 100 added 0.3 percent to 7,311, while the DAX in Germany lost 0.9 percent to...

Asian shares gain as Fed says it will hold off on rate hikes

Mar. 21, 2019 1:48 AM EDT

BANGKOK (AP) — Shares in Asia were mostly higher on Thursday after the Federal Reserve said it has ruled out interest rate increases for this year. The Shanghai Composite index advanced 0.6 percent to 3,109.48 while Hong Kong's Hang Seng gained 0.2 percent to 29,365.55. South Korea's Kospi climbed 0.3...

Federal Reserve foresees no interest rate hikes in 2019

Mar. 20, 2019 6:01 PM EDT

WASHINGTON (AP) — The Federal Reserve left its key interest rate unchanged Wednesday and projected no rate hikes this year, reflecting a dimmer view of the economy as growth weakens in the United States and abroad. The Fed said it was keeping its benchmark rate — which can influence everything from...

Markets Right Now: Fed news sends bond yields sharply lower

Mar. 20, 2019 4:15 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks got a brief bump from news that the Federal Reserve doesn't plan to raise rates this year, but still ended mostly lower after those gains faded. Bond prices rose sharply Wednesday after the Fed forecast slower...

The Latest: Powell not worried about federal debt yet

Mar. 20, 2019 3:25 PM EDT

WASHINGTON (AP) — The Latest on the Federal Reserve's monetary policy meeting (all times local): 3:15 p.m. Federal Reserve Chairman Jerome Powell says rising levels of federal debt are a problem, though not a problem that needs to be addressed immediately. The budget proposal released this month by...

Federal Reserve signals no interest rate hike in 2019

Mar. 20, 2019 2:01 PM EDT
WASHINGTON (AP) — Federal Reserve signals no interest rate hike in 2019.

World markets mostly lower as investors await Fed report

Mar. 20, 2019 8:44 AM EDT

BANGKOK (AP) — Shares were mostly falling in Europe after a lackluster day of trading in Asia and U.S. markets appeared set for a slightly higher open ahead of the Federal Reserve's policy statement. Germany's DAX sank 1.2 percent to 11,644, dragged down by a profit warning by BMW and a court ruling...