Latest Central banking News

China to cut taxes, keep policy flexible to counter slowdown

Jan. 15, 2019 1:58 AM EST

BEIJING (AP) — China plans to slash taxes, step up spending and provide ample financing to private and small enterprises to help counter the country's worst slowdown since the global financial crisis and the impact of a bruising trade war with the U.S. The People's Bank of China is confident it can keep...

Cold, hard safety blanket: Cash rules as stocks, bonds waver

Jan. 15, 2019 12:05 AM EST

NEW YORK (AP) — Suddenly, cash is king again. For years, cash languished at the bottom of the investment rankings, weighed down by nearly non-existent interest rates. But with the Federal Reserve raising short-term rates four times last year, money-market funds and online savings accounts began paying...

Cold, hard safety blanket: Cash rules as stocks, bonds waver

Jan. 14, 2019 3:57 PM EST

NEW YORK (AP) — Suddenly, cash is king again. For years, cash languished at the bottom of the investment rankings, weighed down by nearly non-existent interest rates. But with the Federal Reserve raising short-term rates four times last year, money-market funds and online savings accounts began paying...

Fed officials feared adverse market reaction in 2013

Jan. 11, 2019 5:17 PM EST

WASHINGTON (AP) — Federal Reserve officials were worried about an adverse market reaction when they made their first tentative moves in 2013 to pull back on the massive support they had been providing to help the economy recover from the Great Recession. Transcripts of their discussions released Friday...

Global stocks give up some gains after solid start to year

Jan. 11, 2019 8:15 AM EST

LONDON (AP) — Stock markets drifted lower Friday as investors booked some profits after an encouraging couple of weeks that have helped many of the world's leading indexes halve the losses notched up during a bleak end to 2018. KEEPING SCORE: In Europe, Germany's DAX slipped 0.4 percent to 10,879 while the...

Provocative Russian protester convicted for French bank fire

Jan. 11, 2019 3:58 AM EST

PARIS (AP) — A French court has convicted a controversial Russian performance artist for setting fire to an office of France's central bank. A judicial official said Friday that Pyotr Pavlensky was sentenced to a year in prison plus a two-year suspended sentence. However, the judge allowed him to walk free...

Asian stocks rise on Fed restraint, U.S-China trade hopes

Jan. 10, 2019 11:23 PM EST

SINGAPORE (AP) — Asian markets were mostly higher on Friday as investors cheered a more restrained Federal Reserve and U.S.-China trade talks. KEEPING SCORE: Japan's Nikkei 225 index advanced 0.7 percent to 20,306.16 and South Korea's Kospi was 0.4 percent higher at 2,071.18. Hong Kong's Hang Seng rose 0.1...

Powell repeats pledge to remain 'patient' with rate hikes

Jan. 10, 2019 2:46 PM EST

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Thursday that the central bank has the ability to be "patient" in determining when to hike interest rates. Speaking to an audience in Washington, Powell delivered the same reassuring message of restraint and flexibility that bolstered markets...

Russian artist in court for fire at French central bank

Jan. 10, 2019 1:03 PM EST

PARIS (AP) — A provocative Russian performance artist is on trial for setting fire to an office of France's central bank. Pyotr Pavlensky defied court procedures as the trial opened Thursday in Paris, prompting a row with the translator, who left. Pavlensky is accused of vandalizing state heritage over the...

Fed minutes: Growing risks make rate hike path less clear

Jan. 9, 2019 3:49 PM EST

WASHINGTON (AP) — Federal Reserve officials expressed increasing worries when they met last month, as they grappled with volatile stock markets, trade tensions and uncertain global growth. The threats, they said, made the future path of interest rate hikes "less clear." According to minutes of the Fed's...