Latest Central bank interest rates News

FILE - This May 22, 2020, file photo shows the Federal Reserve building in Washington.  Newly released transcripts show that many Federal Reserve officials had concerns in late 2015 over whether they were making a mistake in raising a key interest rate for the first time in nearly decade. Transcripts of their discussions, released Friday, Jan. 8, 2021 showed that the chief concern was whether the Fed would be acting prematurely in starting to raise rates given how low inflation was at the time. (AP Photo/Patrick Semansky, File)

Fed transcripts show doubts about need for 2015 rate hike

Jan. 8, 2021 12:31 PM EST

WASHINGTON (AP) — Newly released transcripts show that many Federal Reserve officials had concerns in late 2015 over whether they were making a mistake in raising a key interest rate for the first time in nearly decade. Transcripts of their discussions, released Friday, showed that the chief concern was...

FILE - This Monday, Nov. 16, 2020 file photo shows the Federal Reserve in Washington. Federal Reserve officials last month supported providing advance notice before the central bank makes changes to its $120 billion in monthly bond purchases. The minutes of those discussions released Wednesday, Jan. 6, 2021 show wide support for adding language to the Fed's policy statement to indicate that the purchases would continue “until substantial further progress

Fed supported advance notice before changing bond purchases

Jan. 6, 2021 5:02 PM EST

WASHINGTON (AP) — Federal Reserve officials last month supported providing advance notice before the central bank makes changes to its $120 billion in monthly bond purchases. The minutes of those discussions released Wednesday show wide support for adding language to the Fed’s policy statement to...

Turkey's central bank raises interest rate to 17%

Dec. 24, 2020 7:02 AM EST

ISTANBUL (AP) — Turkey’s central bank raised the benchmark interest rate on Thursday for a second time in a row under its new chief. The bank announced after its Monetary Policy Committee meeting that it was raising the one-week repo rate — the rate by which it lends to commercial banks...

In this photo provided by the New York Stock Exchange, trader Edward Curran works on the floor, Thursday, Dec. 17, 2020. Stocks rose in morning trading as investors remain optimistic that Washington will deliver another round of financial support for the economy as vaccines begin slowly rolling out to the public.(Colin Ziemer/New York Stock Exchange via AP)

Asian stocks sink after Wall St hits record on stimulus hope

Dec. 17, 2020 10:33 PM EST

BEIJING (AP) — Asian stock markets declined Friday after Wall Street hit a new high on optimism about economic stimulus and coronavirus vaccine development despite a spike in U.S. unemployment claims. Shanghai, Tokyo and Hong Kong retreated. Overnight, Wall Street's benchmark S&P 500 index gained for a...

Federal Reserve Chairman Jerome Powell testifies before a House Financial Services Committee hearing on Capitol Hill in Washington, Wednesday, Dec. 2, 2020. (Greg Nash/Pool via AP)

Fed keeps rate near zero and sees brighter economy in 2021

Dec. 16, 2020 5:57 PM EST

WASHINGTON (AP) — The Federal Reserve said Wednesday that it will keep buying government bonds until the economy makes “substantial” progress, a step intended to reassure financial markets and keep long-term borrowing rates low indefinitely. The Fed also reiterated after its latest policy...

FILE - This Feb. 5, 2018, file photo shows the seal of the Board of Governors of the United States Federal Reserve System in the ground at the Marriner S. Eccles Federal Reserve Board Building in Washington.  The Senate on Thursday, Dec. 3, 2020,  narrowly confirmed the nomination of Christopher Waller for the Federal Reserve’s Board of Governors, placing another of President Donald Trump’s picks on the Fed’s influential board after a string of high-profile rejections. The vote in favor of Waller’s appointment was 48-47. (AP Photo/Andrew Harnik, File)

Senate confirms Christopher Waller to serve on Fed's board

Dec. 3, 2020 5:45 PM EST

WASHINGTON (AP) — The Senate on Thursday narrowly confirmed the nomination of Christopher Waller for the Federal Reserve's Board of Governors, placing another of President Donald Trump's picks on the Fed's influential board after a string of high-profile rejections. The vote in favor of Waller was 48-47....

Senate confirms Christopher Waller to serve on Fed's board

Dec. 3, 2020 12:25 PM EST

WASHINGTON (AP) — The Senate on Thursday narrowly confirmed the nomination of Christopher Waller for the Federal Reserve's Board of Governors, placing another of President Donald Trump's picks on the Fed's influential board after a string of high-profile rejections. The vote in favor of Waller's...

FILE- In this Saturday, Nov. 28, 2020, file photo, customers browse while shopping for books at the Strand Bookstore, an independent family owned bookstore founded in 1927 in New York. A Federal Reserve survey of business conditions around the country found that economic activity in several regions was slowing in November as coronavirus cases surged. The report, released Wednesday, Dec. 2, 2020, and known as the beige book, will be used by Fed officials when they hold their last meeting of the year on Dec. 15-16 to discuss possible changes to the central bank's interest-rate policies.. (AP Photo/Mary Altaffer)

Fed reports slowing US economic activity due to virus surge

Dec. 2, 2020 6:21 PM EST

WASHINGTON (AP) — A Federal Reserve survey of business conditions around the country found that economic activity in several regions slowed in November as coronavirus cases surged. The Fed report released Wednesday said that overall, the Fed's 12 regional banks characterized the economic expansion as...

A woman walks by an electronic stock board of a securities firm in Tokyo, Wednesday, Dec. 2, 2020. Asian markets are mixed after the U.S. benchmark S&P 500 set another record. (AP Photo/Koji Sasahara)

Asian shares mixed after S&P 500 sets fresh record high

Dec. 1, 2020 10:45 PM EST

Asian shares advanced Wednesday after Wall Street kicked off December with more milestones, as a broad rally pushed the S&P 500 and Nasdaq composite to new highs. Australia reported its economy expanded 3.3% in the July-September quarter as the country recovered from pandemic lockdowns. That lifted the...

FILE - In this Thursday Sept. 24, 2020 file photo, Federal Reserve Board Chairman Jerome Powell testifies during a Senate Banking Committee hearing, on Capitol Hill in Washington.  The Fed on Wednesday, Nov. 25,  released minutes of its Nov. 4-5 meeting revealing that while officials believed that no changes were needed to the bond purchase program at that time, “they recognized that circumstances could shift to warrant such adjustments.”  (Drew Angerer/Pool via AP, file)

As economy struggles, Fed weighs boosting bond purchases

Nov. 25, 2020 3:56 PM EST

WASHINGTON (AP) — At their meeting earlier this month, Federal Reserve officials discussed possible future adjustments to the central bank's monthly bond purchases to boost the economy. The Fed on Wednesday released minutes of its Nov. 4-5 meeting revealing that while officials believed that no changes...