Latest Central banking News

Iran election race narrows but fears persist of low turnout

Jun. 16, 2021 13:14 PM EDT

DUBAI, United Arab Emirates (AP) — Iran grappled with fears of low voter turnout two days ahead of its presidential election as the race narrowed on Wednesday into a showdown between the country’s hard-line judiciary chief and moderate former Central Bank chief. ...

Stocks edge lower on Wall Street ahead of Fed decision

Jun. 16, 2021 12:48 PM EDT

Stocks edged lower Wednesday as investors wait to hear from the Federal Reserve on issues related to the economy and inflation. The S&P 500 index was down 0.2% as of 12:38 p.m. Eastern. The Dow Jones Industrial Average was down 92 points, or 0.3%, to 34,206 and the...

Asian shares mixed in quiet trading ahead of US Fed decision

Jun. 15, 2021 23:26 PM EDT

TOKYO (AP) — Asian shares were mixed in quiet trading Wednesday ahead of a U.S. Federal Reserve meeting that may give clues on what lies ahead with its massive support for markets. Japan released data that showed its trade surplus jumped 49.6% in May from the previous...

Iran presidential candidate urges better ties with West

Jun. 15, 2021 14:14 PM EDT

TEHRAN, Iran (AP) — A prominent contender in Iran’s presidential election appealed Tuesday for better economic and political relations with the West, his most extensive attempt yet to attract reformist voters just days ahead of the poll. Former Iranian Central Bank...

Gains for some tech giants nudge S&P to another record high

Jun. 14, 2021 17:51 PM EDT

Technology companies helped lift stocks higher on Wall Street, nudging the S&P 500 to its third straight all-time high, even as other parts of the market faltered. A burst of buying in the final 10 minutes of trading sent the benchmark index 0.2% higher. The S&P...

Delicate task for Fed: When to pull back on low-rate support

Jun. 14, 2021 13:23 PM EDT

WASHINGTON (AP) — With inflation rising in a fast-rebounding economy, the Federal Reserve is poised this week to discuss when it will take its first steps toward dialing back its ultra-low interest rate policies. It will be a fraught discussion, one likely to occur over...

This Week: Retail sales, Fed policy update, Kroger earns

Jun. 14, 2021 01:15 AM EDT

A look at some of the key business events and economic indicators upcoming this week: SIZING UP RETAIL SALES The Commerce Department issues its May tally of U.S. retail sales Tuesday. Economists predict sales fell a seasonally...

Stocks notch modest gains and a 3rd winning week for S&P 500

Jun. 11, 2021 17:07 PM EDT

Wall Street closed out a mostly listless week Friday with a wobbly day of trading that helped nudge the S&P 500 to its third straight weekly gain. The benchmark index edged up 0.2% after spending much of the day in the red. The small uptick was enough to lift the...

Asian shares mixed after US inflation jumps 5% in May

Jun. 11, 2021 00:49 AM EDT

BANGKOK (AP) — Shares were mostly higher in Asia on Friday after the S&P 500 index notched another record high despite a surge in U.S. consumer prices in May. Shanghai fell, Tokyo was flat, while shares rose in Hong Kong, Seoul and Sydney. On...

Europe leaves stimulus running hot ahead of recovery

Jun. 10, 2021 11:14 AM EDT

FRANKFURT, Germany (AP) — The European Central Bank left its key pandemic support for the economy running full blast even as the economy shows signs of recovery thanks to lower virus cases and fewer restrictions on activity in the 19 countries that use the euro currency. ...