Latest Central banking News

Fed reviews ethics polices after prolific trading uncovered

Sep. 16, 2021 11:31 AM 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,...

Job market disconnect raises concerns over economic recovery

Sep. 16, 2021 09:48 AM EDT

The gulf between record job openings and a lack of people taking those jobs is forcing Wall Street to reassess the pace of the economic recovery. Jobs were gutted during the pandemic and employment growth has been a closely watched gauge for investors. Increasing...

Asian stocks follow Wall St lower amid growth concerns

Sep. 15, 2021 00:28 AM EDT

BEIJING (AP) — Asian stock markets followed Wall Street down on Wednesday after U.S. inflation was lower than expected amid unease about the impact of the spread of the coronavirus's delta variant. Shanghai, Tokyo, Hong Kong and Sydney all retreated, giving up the...

Lebanon's new PM pledges to stabilize economic meltdown

Sep. 10, 2021 13:27 PM EDT

BEIRUT (AP) — Lebanon’s new prime minister pledged Friday to gain control of one of the world’s worst economic meltdowns, saying lifting subsidies was a critical priority for the small country’s government formed after a year of political stalemate. It is a...

Europe's central bank eases support, but it's not a taper

Sep. 09, 2021 11:13 AM EDT

FRANKFURT, Germany (AP) — The European Central Bank will dial back some of its massive emergency pandemic support for the economy amid signs of increasing business activity and consumer readiness to spend as the 19 countries that use the euro rebound from the coronavirus recession. ...

European Central Bank says it will dial back pandemic bond purchase stimulus to a "moderately lower pace."

Sep. 09, 2021 07:49 AM EDT
FRANKFURT, Germany (AP) — European Central Bank says it will dial back pandemic bond purchase stimulus to a "moderately lower pace."

Asian shares slip as Fed signals 'downshift' in economy

Sep. 08, 2021 22:34 PM EDT

Shares fell in Asia on Thursday after further losses on Wall Street following a Federal Reserve report showing U.S. economic activity slowed this summer. The report pointed to resurgent coronavirus cases and mounting supply chain problems and labor shortages — woes...

How major US stock indexes fared Wednesday

Sep. 08, 2021 16:49 PM EDT

Stocks are closing lower on Wall Street Wednesday following a Federal Reserve report that shows U.S. economic activity slowed this summer amid rising worries over resurgent coronavirus cases and mounting supply chain problems and labor shortages. The S&P 500 index,...

Fed survey finds growth 'downshifted' in summer due to COVID

Sep. 08, 2021 15:28 PM EDT

WASHINGTON (AP) — U.S. economic activity “downshifted” in July and August due to rising concerns about COVID's delta variant, as well as supply chain problems and labor shortages, the Federal Reserve’s latest survey of the nation's business conditions revealed. ...

Asian stocks rise ahead of central bank meetings

Sep. 06, 2021 23:48 PM EDT

BEIJING (AP) — Asian stock markets rose Tuesday as investors watched for decisions from central banks in Europe and elsewhere about when they might start to wind down economic stimulus. Shares advanced in Shanghai, Tokyo and Hong Kong, which are the bulk of Asia's...