Latest Monetary policy News

Asian shares mostly higher, tracking Wall Street rally

Oct. 26, 2021 03:01 AM EDT

TOKYO (AP) — Asian shares were mostly higher Tuesday after another rally to a record high on Wall Street. Stocks have been pushing broadly higher as companies turn in much stronger profit reports for the summer than analysts had expected. Historically low interest...

Asian shares mostly higher, tracking Wall Street rally

Oct. 25, 2021 23:43 PM EDT

TOKYO (AP) — Asian shares were mostly higher Tuesday after another rally to a record high on Wall Street. Stocks have been pushing broadly higher as companies turn in much stronger profit reports for the summer than analysts had expected. Historically low interest...

Stocks end mixed on Wall Street, still notch weekly gains

Oct. 22, 2021 17:14 PM EDT

Wall Street capped a choppy day of trading Friday with an uneven finish for the major stock indexes, as losses for several large technology companies weighed on the market. The S&P 500 was little changed a day after it set an all-time high, but the 0.1% slip ended...

Powell says inflation risks rising, but Fed can be 'patient'

Oct. 22, 2021 15:49 PM EDT

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said Friday that the tangled supply chains and shortages that have bedeviled the U.S. economy since this summer have gotten worse and will likely keep inflation elevated well into next year. The Fed is not yet...

Turkish lira continues to slide after interest rate cut

Oct. 22, 2021 07:16 AM EDT

ANKARA, Turkey (AP) — The Turkish lira continued to slide and reached a record low against the U.S. dollar Friday, a day after the Central Bank sharply cut interest rates. It was another hit after a global financial watchdog placed Turkey on a list of countries to monitor for money...

Inflation, Fed action set stage for higher mortgage rates

Oct. 21, 2021 11:33 AM EDT

LOS ANGELES (AP) — Mortgage rates have hovered near all-time lows for much of this year, even as inflation has increased sharply across much of the economy. That could begin to change in the weeks to come, now that the Federal Reserve has signaled it could announce as...

Turkish lira drops to new low after harsh interest rate cut

Oct. 21, 2021 10:38 AM EDT

ISTANBUL (AP) — The Turkish lira plunged to a record low against the U.S. dollar Thursday after a harsher-than-expected cut in interest rates. The decision by the Central Bank’s monetary committee to cut the rate from 18% to 16% surprised analysts. The lira dropped to...

Fed officials: Bond purchases could end by middle of 2022

Oct. 13, 2021 16:15 PM EDT

WASHINGTON (AP) — Federal Reserve officials agreed at their last meeting that if the economy continued to improve, they could start reducing their monthly bond purchases as soon as next month and bring them to an end by the middle of 2022. The discussion was revealed...

Stock indexes closing lower as jobs data sparks uncertainty

Oct. 08, 2021 16:31 PM EDT

Wall Street capped a wobbly day of trading with a broad slide for stocks Friday, after a weak jobs report raised questions about the Federal Reserve's timeline to pare back its immense support for markets. The S&P 500 fell 0.2% after wavering between small gains and...

Poland raises interest rates, seeking to tame inflation

Oct. 06, 2021 11:55 AM EDT

WARSAW, Poland (AP) — Poland's central bank unexpectedly raised interest rates on Wednesday as the central European nation faces an accelerating inflation rate that is currently the highest in the European Union. The annual inflation rate rose to 5.8% in September, the...