Latest Federal Reserve System News

Born out of the financial crisis, bull market nears record

Aug. 20, 2018 10:51 AM EDT

NEW YORK (AP) — The bull market in U.S. stocks is about to become the longest in history. If stocks don't drop significantly by the close of trading Wednesday, the bull market that began in March 2009 will have lasted nine years, five months and 13 days, a record that few would have predicted when the...

Trump team predicts an economic boom, defying most analysts

Aug. 17, 2018 12:06 AM EDT

WASHINGTON (AP) — Is the latest pickup in U.S. economic growth destined to slow in the years ahead as most analysts say? Or, as the Trump administration insists, is the economy on the cusp of an explosive boom that will reward Americans and defy those expectations? On Thursday, President Donald Trump's...

Where White House touts a boom, most economists see a blip

Aug. 16, 2018 9:24 PM EDT

WASHINGTON (AP) — Is the latest pickup in U.S. economic growth destined to slow in the years ahead as most analysts say? Or, as the Trump administration insists, is the economy on the cusp of an explosive boom that will reward Americans and defy those expectations? On Thursday, President Donald Trump's...

Consumer prices up 2.9 pct, leaving Americans worse off

Aug. 10, 2018 9:28 AM EDT

WASHINGTON (AP) — Consumer prices climbed 2.9 percent in July from a year earlier, a rate of inflation that suggests Americans are earning less than a year ago despite an otherwise solid economy. The Labor Department said Friday that the consumer price index ticked up 0.2 percent in July. Annual inflation...

US producer prices flat in July, restraining inflation

Aug. 9, 2018 10:10 AM EDT

WASHINGTON (AP) — U.S. wholesale prices were unchanged in July after two months of large increases, a sign inflation pressures may have softened. The Labor Department said Thursday that the producer price index — which measures price changes before they reach the consumer — increased 3.3...

Asian markets extend losses on China-US trade jitters

Aug. 1, 2018 11:57 PM EDT

BANGKOK (AP) — Share benchmarks in Asia are sliding, tracking losses overnight on Wall Street, where investors sold industrial stocks following reports that the Trump administration is considering a higher tax rate on Chinese imports. KEEPING SCORE: Japan's Nikkei 225 index sank 0.7 percent to 22,596.31...

Fed keeps key rate unchanged while signaling future hikes

Aug. 1, 2018 4:15 PM EDT

WASHINGTON (AP) — The Federal Reserve on Wednesday left its benchmark interest rate unchanged while signaling further gradual rate hikes in the months ahead as long as the economy stays healthy. The Fed's widely expected decision kept the central bank's key short-term rate at 1.75 percent to 2 percent...

Federal Reserve keeps benchmark rate unchanged, signals gradual rate hikes ahead amid strong economy

Aug. 1, 2018 2:00 PM EDT
WASHINGTON (AP) — Federal Reserve keeps benchmark rate unchanged, signals gradual rate hikes ahead amid strong economy.

Fed expected to keep interest rates unchanged

Aug. 1, 2018 1:17 AM EDT

WASHINGTON (AP) — When the Federal Reserve wraps up its latest meeting, it will likely point to strong economic growth, low unemployment and rising inflation as reasons to stay on a path of gradually lifting interest rates. It is unlikely, however, to make any interest rate moves Wednesday. The Fed's...

Consumer spending up solid 0.4 percent in June

Jul. 31, 2018 9:47 AM EDT

WASHINGTON (AP) — Consumer spending rose by a solid 0.4 percent in June, while a key gauge of inflation increased at an annual pace of 2.2 percent for a second straight month — the strongest back-to-back gains in six years. The gain in spending followed an even better 0.5 percent rise in May, which...