Latest Central bank interest rates News

Asian shares sink on revived worries over recession, China

Dec. 02, 2022 04:16 AM EST

BANGKOK (AP) — Shares retreated in Europe and Asia on Friday ahead of the release of U.S. jobs data. Optimism over moves by China to ease strict pandemic controls appeared to have faded, replaced by worries over indications recession may be looming. Oil prices fell...

Asian shares sink on revived worries over recession, China

Dec. 02, 2022 00:33 AM EST

BANGKOK (AP) — Shares retreated in Asia on Friday after a mixed day on Wall Street as optimism over signs the Federal Reserve may temper its aggressive interest rate hikes was replaced by worries the economy might be headed for a recession. A U.S. measure of inflation that’s...

Average long-term US mortgage rates dip third week in a row

Dec. 01, 2022 12:10 PM EST

WASHINGTON (AP) — The average long-term U.S. mortgage rate ticked down for the third week in a row and have fallen more than a half-point since hitting a 20-year high less than a month ago. Mortgage buyer Freddie Mac reported Thursday that the average on the benchmark 30-year rate...

An inflation gauge tracked by the Fed slows to still-high 6%

Dec. 01, 2022 09:19 AM EST

WASHINGTON (AP) — A measure of inflation that is closely monitored by the Federal Reserve eased but remained at an elevated level in October, likely reinforcing the Fed's intent to keep raising interest rates to cool the economy and slow the acceleration of prices. Thursday's...

Applications for jobless benefits declined last week

Dec. 01, 2022 08:41 AM EST

WASHINGTON (AP) — The number of Americans applying for unemployment benefits came back down last week, hovering near levels suggesting the U.S. labor market has been largely unaffected by the Federal Reserve's aggressive interest rate hikes. Applications for jobless aid fell to...

Fed matches year of hot inflation with feverish rate hikes

Dec. 01, 2022 08:16 AM EST

NEW YORK (AP) — Wall Street expects the impact of the Federal Reserve's most aggressive year of interest rate hikes in at least three decades to continue to be felt through next year. The central bank’s plan to fight stubbornly high prices on everything from food to clothing has...

Asian shares gain after Fed chair signals slower rate hikes

Nov. 30, 2022 23:18 PM EST

BANGKOK (AP) — Shares advanced in Asia on Thursday after a rally on Wall Street spurred by the Federal Reserve chair's comments on easing the pace of interest rate hikes to tame inflation. Signs that China may be shifting its approach to containing COVID-19 outbreaks to focus more...

How major US stock indexes fared Wednesday 11/30/2022

Nov. 30, 2022 16:24 PM EST

Stocks rallied on Wall Street after the head of the Federal Reserve said the central bank could soon ease up on its aggressive pace of interest rate hikes aimed at taming inflation. While citing some signs that inflation is cooling, Fed Chair Jerome Powell stressed Wednesday that...

Powell: Fed to keep rates higher for longer to cut inflation

Nov. 30, 2022 16:14 PM EST

WASHINGTON (AP) — The Federal Reserve will push rates higher than previously expected and keep them there for an extended period, Chair Jerome Powell said Wednesday in remarks likely intended to underscore the Fed's single-minded focus on combating stubborn inflation. Yet in a...

Wall Street closes sharply higher after Fed Chair Jerome Powell signals slower interest rate hikes; S&P 500 up 3.1%

Nov. 30, 2022 16:07 PM EST
NEW YORK (AP) — Wall Street closes sharply higher after Fed Chair Jerome Powell signals slower interest rate hikes; S&P 500 up 3.1%.