Latest Federal Reserve System News

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...

Trump blames Fed for holding back economic growth in 2018

Mar. 21, 2019 6:44 PM EDT

WASHINGTON (AP) — President Donald Trump says the economy would have grown much faster last year if the Federal Reserve had not been tightening credit last year. In a broadcast interview, Trump said without the Fed's rate hikes last year and moves to trim its bond holdings, the economy, as measured by the...

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...

New Fed forecast for 2019: Slower growth and zero rate hikes

Mar. 21, 2019 12:11 AM EDT

WASHINGTON (AP) — The Federal Reserve sent a stark message Wednesday: The economy is slowing. And it won't be raising interest rates anytime soon. The Fed left its key short-term rate unchanged and projected no rate hikes this year, reflecting a dimmer view of the economy as growth weakens in the United...

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...

How major US stock indexes fared Wednesday

Mar. 20, 2019 5:16 PM EDT

Stocks got a brief bump from news that the Federal Reserve doesn't plan to raise rates this year, but still ended mostly lower Wednesday after those gains faded. Bond prices rose sharply after the Fed forecast slower economic growth. That sent bond yields down to the lowest they've been in more than a year. Banks...

Text of the Fed's statement after its meeting Wednesday

Mar. 20, 2019 5:06 PM EDT

WASHINGTON (AP) — Below is the statement the Fed released Wednesday after its policy meeting ended: Information received since the Federal Open Market Committee met in January indicates that the labor market remains strong but that growth of economic activity has slowed from its solid rate in the fourth...

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...