Latest Central bank interest rates News

Fed's Powell downplays delta variant's threat to the economy

Jul. 28, 2021 17:46 PM EDT

WASHINGTON (AP) — The spread of the COVID-19 delta variant is raising infections, leading some companies and governments to require vaccinations and raising concerns about the U.S. economic recovery. But on Wednesday, Federal Reserve Chair Jerome Powell injected a note...

Fed to discuss a pullback in economic aid with inflation up

Jul. 26, 2021 11:38 AM EDT

WASHINGTON (AP) — With inflation uncomfortably high and the COVID-19 Delta variant raising economic concerns, a divided Federal Reserve will meet this week to discuss when and how it should dial back its ultra-low-interest rate policies. For now, the U.S. economy is...

This Week: Starbucks earns, Fed meeting, consumer spending

Jul. 26, 2021 09:22 AM EDT

A look at some of the key business events and economic indicators upcoming this week: BACK IN THE BLACK Starbucks serves up its latest quarterly snapshot Tuesday, Wall Street expects the cafe chain returned to a profit in the...

ECB says low rates to stay until the job is done

Jul. 22, 2021 08:57 AM EDT

FRANKFURT, Germany (AP) — Facing unease over the spread of a more-contagious variant of the coronavirus, the European Central Bank said it would maintain its stimulus in the form of ultra-low interest rates until inflation “durably” reaches its 2% target. The...

As prices rise at rapid pace, Fed chief seeks patience

Jul. 15, 2021 15:55 PM EDT

WASHINGTON (AP) — For anyone watching with concern as prices surge for everything from food and gas to airplane tickets and clothes, the message from Federal Reserve Chair Jerome Powell over two days of congressional hearings this week was straightforward: Just give it more time and those...

Powell says inflation, though elevated, will likely moderate

Jul. 14, 2021 16:13 PM EDT

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said Wednesday that inflation, which has been surging as the recovery strengthens, “will likely remain elevated in coming months" before “moderating." At the same time, in testimony to the House Financial...

Federal Reserve pledges 'powerful support' for economy

Jul. 09, 2021 16:59 PM EDT

WASHINGTON (AP) — The Federal Reserve says that its low interest rate policies are providing “powerful support” for the economy as it recovers from the coronavirus pandemic. In its twice-a-year report to Congress on monetary policy released Friday, the Fed...

Fed officials discussed potential reduction in stimulus

Jul. 07, 2021 15:57 PM EDT

WASHINGTON (AP) — Federal Reserve officials started discussing at their meeting last month the timing and mechanics of reducing their huge monthly bond purchases, which are used to keep longer-term interest rates in check. The debate, revealed in the minutes of the...

San Francisco Fed's Daly: Economy doing better than expected

Jul. 02, 2021 17:16 PM EDT

WASHINGTON (AP) — With interest rates ultra-low even as the U.S. economy swiftly improves, Federal Reserve officials are divided over how quickly they should adjust their policies. Should they begin to withdraw their extraordinary support for the economy relatively...

Asian shares advance despite weaker factory data, outbreaks

Jun. 30, 2021 00:26 AM EDT

BANGKOK (AP) — Shares were mostly higher in Asia on Wednesday despite new data showing factory activity slowed this month as virus outbreaks disrupted shipping at some Chinese ports. Markets advanced in Tokyo, Shanghai, Sydney and Seoul but edged lower in Hong Kong. ...