Latest Central banking News

World shares rise on hopes for US-China truce, Fed outlook

Jun. 20, 2019 8:00 AM EDT

BANGKOK (AP) — Global markets advanced Thursday on hopes for a trade truce between the United States and China and the Federal Reserve's hint at lower rates. The price of oil surged amid heightened tensions between Iran and the U.S. Confirmation of a meeting between President Donald Trump and his...

Norway's central bank raises key interest rate

Jun. 20, 2019 4:45 AM EDT

COPENHAGEN, Denmark (AP) — Norway's central bank has decided to raise its key policy rate by 0.25 percentage points to 1.25%. Norges Bank says economic growth in the Scandinavian country "is solid, and capacity utilization is estimated to be somewhat above a normal level. Underlying inflation is a little...

Asian shares gain, Shanghai up 2.6%, on Fed rate cut talk

Jun. 20, 2019 12:43 AM EDT

BANGKOK (AP) — Asian shares were higher on Thursday, with the Shanghai benchmark up 2.6%, after the Federal Reserve reaffirmed that it's prepared to cut interest rates if needed to shield the U.S. economy from trade conflicts or other threats. The Thursday tracked modest gains on Wall Street. The 10-year...

Fed leaves its key rate unchanged but hints of future cuts

Jun. 19, 2019 5:48 PM EDT

WASHINGTON (AP) — The Federal Reserve left its key interest rate unchanged Wednesday but signaled that it's prepared to start cutting rates if needed to protect the U.S. economy from trade conflicts and other threats. The Fed kept its benchmark rate — which influences many consumer and business...

How major US stock indexes fared Wednesday

Jun. 19, 2019 4:53 PM EDT

Stocks rose modestly on Wall Street after the Federal Reserve reaffirmed that it is prepared to cut interest rates if needed to shore up the economy. The bond market had a more pronounced reaction to the Fed's announcement Wednesday. The yield on the 10-year Treasury note fell to 2.03%, its lowest level since...

Draghi's "whatever it takes" a tough act to follow

Jun. 19, 2019 4:44 PM EDT

FRANKFURT, Germany (AP) — European Central Bank head Mario Draghi is credited with saving the euro by using new and sometimes unorthodox policy tools. The question now is, will the next ECB president be as quick to use them - or invent new ones - as Draghi has been? European leaders are searching for a...

Markets Right Now: Stocks rise as Fed signals lower rates

Jun. 19, 2019 4:08 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks rose modestly on Wall Street after the Federal Reserve reaffirmed that it is prepared to cut interest rates if needed to shore up the economy. The bond market had a more pronounced reaction to the Fed's...

The Latest: Fed sees no risk to dollar from cryptocurrencies

Jun. 19, 2019 3:11 PM EDT

NEW YORK (AP) — The Latest on the Federal Reserve's monetary policy meeting (all times local): 3:10 p.m. Federal Reserve Chairman Jerome Powell is downplaying the possibility that digital currencies such as Facebook's planned "Libra" could supplant government-backed dollars any time soon. Powell tells...

Global shares mixed ahead of Fed rate decision

Jun. 19, 2019 7:37 AM EDT

TOKYO (AP) — Global markets were mixed Wednesday amid some optimism about U.S.-China trade talks and ahead of an interest rate decision by the U.S. Federal Reserve. The Fed isn't considered ready to announce its first rate cut in more than a decade, but many expect the central bank to signal an inclination...

UK inflation fall eases prospect of imminent rate hike

Jun. 19, 2019 6:01 AM EDT

LONDON (AP) — Inflation in Britain dipped in May as transport costs returned to normal following an Easter-related boost, official figures showed Wednesday, likely easing the pressure on the Bank of England to raise interest rates this summer. The Office for National Statistics said Wednesday that consumer...