Latest Central banking News

How major US stock indexes fared Monday

Sep. 20, 2021 16:40 PM EDT

U.S. stocks had their biggest drop since May as traders worried about potential ripple effects if a debt-laden Chinese real estate company defaults and the likelihood that the Federal Reserve will signal that it will pull back its supports for markets and the economy. On...

Fed likely to signal a coming pullback in economic support

Sep. 20, 2021 11:46 AM EDT

WASHINGTON (AP) — The Federal Reserve is expected this week to send its clearest signal yet that it will start reining in its ultra-low-interest rate policies later this year, a first step toward unwinding the extraordinary support it's given the economy since the pandemic struck 18 months...

This Week: Fed policy update, Nike earns, new home sales

Sep. 20, 2021 00:13 AM EDT

A look at some of the key business events and economic indicators upcoming this week: THE FED SPEAKS The Federal Reserve delivers an update on the economy and interest rate policy following a two-day meeting of policymakers Wednesday. ...

Hong Kong shares lead Asia lower; Tokyo and Shanghai closed

Sep. 19, 2021 23:33 PM EDT

Shares fell more than 3% in Hong Kong on Monday in holiday-thinned trading in Asia, with other big markets in Tokyo and Shanghai closed. Other regional benchmarks also fell after Wall Street wrapped up last week with another decline. Investors are...

Lebanon's incoming government restarts central bank audit

Sep. 17, 2021 11:33 AM EDT

BEIRUT (AP) — Lebanon’s incoming finance minister signed a contract on Friday with a New York-based company to conduct a forensic audit of the country’s central bank, a key demand of the international community to restore confidence in the crisis-struck Mideast nation. ...

Fed reviews ethics policies after prolific trading uncovered

Sep. 16, 2021 15:29 PM EDT

WASHINGTON (AP) — The Federal Reserve is reviewing the ethics policies that govern the financial holdings and activities of its senior officials in the wake of recent disclosures that two regional Fed presidents engaged in extensive trading last year. Robert Kaplan,...

Job market disconnect raises concerns over economic recovery

Sep. 16, 2021 09:48 AM EDT

The gulf between record job openings and a lack of people taking those jobs is forcing Wall Street to reassess the pace of the economic recovery. Jobs were gutted during the pandemic and employment growth has been a closely watched gauge for investors. Increasing...

Asian stocks follow Wall St lower amid growth concerns

Sep. 15, 2021 00:28 AM EDT

BEIJING (AP) — Asian stock markets followed Wall Street down on Wednesday after U.S. inflation was lower than expected amid unease about the impact of the spread of the coronavirus's delta variant. Shanghai, Tokyo, Hong Kong and Sydney all retreated, giving up the...

Lebanon's new PM pledges to stabilize economic meltdown

Sep. 10, 2021 13:27 PM EDT

BEIRUT (AP) — Lebanon’s new prime minister pledged Friday to gain control of one of the world’s worst economic meltdowns, saying lifting subsidies was a critical priority for the small country’s government formed after a year of political stalemate. It is a...

Europe's central bank eases support, but it's not a taper

Sep. 09, 2021 11:13 AM EDT

FRANKFURT, Germany (AP) — The European Central Bank will dial back some of its massive emergency pandemic support for the economy amid signs of increasing business activity and consumer readiness to spend as the 19 countries that use the euro rebound from the coronavirus recession. ...