Latest Central banking News

Stocks jump after Trump says he'll meet with Xi next week

Jun. 18, 2019 3:47 PM EDT

Stocks marched sharply higher on Wall Street Tuesday afternoon as traders cheered news that the leaders of the U.S. and China will meet face-to-face next week to discuss their long-running trade dispute. The rally placed the market on track for its second straight gain, extending the strong rebound for stocks in...

European Central Bank hints at stimulus _ drawing Trump ire

Jun. 18, 2019 12:40 PM EDT

FRANKFURT, Germany (AP) — The European Central Bank could unleash more stimulus if the economy doesn't pick up soon, its president warned Tuesday, sparking a sharp drop in the euro and drawing an angry tweet from U.S. President Donald Trump. Mario Draghi told a conference in Sintra, Portugal, that the ECB...

3 things to watch for from the Federal Reserve on Wednesday

Jun. 18, 2019 12:10 PM EDT

WASHINGTON (AP) — The Federal Reserve is likely — if not certain — to leave interest rates alone when its latest policy meeting ends Wednesday. But expectations are high that the Fed and its chairman, Jerome Powell, will signal that a rate cut may come soon for the first time in more than a...

Markets Right Now: Stocks rise on hopes for trade progress

Jun. 18, 2019 12:07 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 11:45 a.m. Stock prices are sharply higher on Wall Street following news that the leaders of the U.S. and China will meet face-to-face next week to discuss their long-running trade dispute. Technology and industrial...

Economic reggae: Jamaican bank sells recovery with songs

Jun. 18, 2019 10:41 AM EDT

KINGSTON, Jamaica (AP) — Jamaica's central bank thinks the country's economy is doing very well and it is using an instantly recognizable symbol of the island to get this message to the people: reggae music. In the bank's latest video, reggae artist Tarrus Riley uses his throaty vocals to praise low,...

World shares rise after ECB says rate cuts possible

Jun. 18, 2019 7:53 AM EDT

SINGAPORE (AP) — Global shares rose Tuesday after the president of the European Central Bank said it was ready to cut interest rates and provide stimulus if the economy needed it. Traders also focused on upcoming rate decisions by the U.S. Federal Reserve and the British and Japanese central banks this...

Asian markets mostly edge higher ahead of Fed meeting

Jun. 17, 2019 11:43 PM EDT

SINGAPORE (AP) — Stocks in Asia mostly advanced Tuesday ahead of interest rate decisions by the U.S. Federal Reserve and other central banks. The Kospi in South Korea gained 0.5% to 2,101.43, and Hong Kong's Hang Seng picked up 0.9% to 27,471.19. The Shanghai Composite index jumped 0.2% to 2,892.53, while...

Fed likely to leave rates alone but signal readiness to cut

Jun. 17, 2019 11:59 AM EDT

WASHINGTON (AP) — Jerome Powell has tantalized the financial world with the prospect that the Federal Reserve he leads may soon cut interest rates for the first time in over a decade. Probably not quite yet, though. When the Fed issues a policy statement Wednesday and Powell holds a news conference, the...

Global shares mixed as investors look ahead to Fed rates

Jun. 17, 2019 8:14 AM EDT

LONDON (AP) — Global stock markets traded in fairly narrow ranges Monday as investors awaited a run of interest rate decisions, notably from the U.S. Federal Reserve, and more clarity over the trade dispute between the U.S. and China. The week will likely be dominated by central banks with those from...

This Week: Housing starts, Fed policy update, Slack IPO

Jun. 17, 2019 1:11 AM EDT

A look at some of the key business events and economic indicators upcoming this week: HOUSING BELLWETHER The government's monthly snapshot of U.S. housing starts should provide insight into the state of the new-home market. The Commerce Department is expected to report Tuesday that builders broke ground on new...