Latest Federal Reserve System News
Asian stocks rise ahead of Fed's next interest rate decision
BEIJING (AP) — Asian stock markets followed Wall Street higher on Tuesday ahead of a Federal Reserve decision on another possible interest rate hike amid worries about global banks. Shanghai, Hong Kong and Seoul advanced. Japanese markets were closed for a holiday. Oil prices...
Asian stocks rise ahead of Fed's next interest rate decision
BEIJING (AP) — Asian stock markets followed Wall Street higher on Tuesday ahead of a Federal Reserve decision on another possible interest rate hike amid worries about global banks. Shanghai, Hong Kong and Seoul advanced. Japanese markets were closed for a holiday. Oil prices...
Will the Credit Suisse bank takeover calm financial fears?
FRANKFURT, Germany (AP) — In a bid to ease turmoil in the world financial system, Swiss authorities engineered a plan for the UBS bank to acquire its troubled smaller rival Credit Suisse at a marked-down price. It's another urgent attempt to fight fears that have put the financial...
Fed's tough challenge: Confront inflation and bank jitters
WASHINGTON (AP) — Still grappling with persistently high inflation, the Federal Reserve faces an entirely new — and in some ways conflicting — challenge as it meets to consider interest rates this week: How to restore calm to a nervous banking system. The two simultaneous...
This week: Fed meeting, home sales, Nike earnings
A look at some of the key business events and economic indicators upcoming this week: Watching the Fed The Federal Reserve will close a two-day meeting on Wednesday with its latest decision on whether to keep raising interest rates in an effort to tame inflation, and...
Will Americans end up footing the bill for bank failures?
WASHINGTON (AP) — The government's response to the failure of two large banks has already involved hundreds of billions of dollars. So will ordinary Americans end up paying for it, one way or another? And what will the price tag be? It could be months before the answers are fully...
Stocks fall to cap chaotic week driven by fears about banks
NEW YORK (AP) — Stocks fell Friday to end a whipsaw week on Wall Street amid rising fear among investors that turmoil in the banking industry could drag the economy into a recession. The S&P 500 sank 1.1%, cutting into its gain for the week. The Dow Jones Industrial Average...
Washington turns to Wall Street to help rescue dying bank
The scene was reminiscent of the last financial crisis, nearly 15 years ago: Faced with a blossoming emergency in the banking sector, worried regulators and policymakers in Washington turned to Wall Street for help. The anxiety this week centered on First Republic Bank in San...
The bitcoin bounce: what comes next?
Markets this year are roiling, uncertainty abounds and the U.S. government has had to step in to rescue two large American banks in recent days. So why is bitcoin, considered among the riskiest bets of them all, rising so fast? Just months ago, all forms of cryptocurrency appeared...
After last year's stunning failure, bonds show up for safety
NEW YORK (AP) — Suddenly, bonds are again living up to their reputation as the safe part of an investor’s portfolio. As stocks sank worldwide over the last week on worries about the banking system following the second- and third-largest U.S. bank failures in history, bonds shot...
