Skip to main contentSkip to main content
Updating results

Central Banking

  • Updated

WASHINGTON (AP) — The Federal Reserve on Thursday released a highly anticipated report on central bank digital currencies that suggested it is leaning toward having banks and other financial firms, rather than the Fed itself, manage digital accounts for customers.

  • Updated

Technology companies led a broad sell-off on Wall Street Tuesday as bond yields surged amid renewed jitters that the Federal Reserve will act more aggressively than expected to tackle rising inflation.

  • Updated

WASHINGTON (AP) — President Joe Biden on Friday announced the nominations of three people for the Federal Reserve's Board of Governors, including Sarah Bloom Raskin, a former Fed and Treasury official, for the top regulatory slot and Lisa Cook, who would be the first Black woman to serve on the Fed's board.

  • Updated

WASHINGTON (AP) — President Joe Biden will nominate three people for the Federal Reserve's Board of Governors, including Sarah Bloom Raskin, a former Fed and Treasury official, for the top regulatory slot and Lisa Cook, who would be the first Black woman to serve on the Fed's board.

BANGKOK (AP) — Shares were mostly lower in Asia on Thursday after the latest report of surging prices in the U.S. appeared to keep the Federal Reserve on track to raise interest rates in coming months.

  • Updated

BANGKOK (AP) — Shares were mostly lower in Asia on Thursday after the latest report of surging prices in the U.S. appeared to keep the Federal Reserve on track to raise interest rates in coming months.

WASHINGTON (AP) — The Federal Reserve said Wednesday that the economy was growing at a modest pace at the end of 2021 but was still being held back by ongoing supply-chain disruptions and labor shortages.

  • Updated

WASHINGTON (AP) — Inflation jumped at its fastest pace in nearly 40 years last month, a 7% spike from a year earlier that is increasing household expenses, eating into wage gains and heaping pressure on President Joe Biden and the Federal Reserve to address what has become the biggest threat to the U.S. economy.

  • Updated

BEIJING (AP) — Asian stock markets followed Wall Street higher on Wednesday after Federal Reserve chairman Jerome Powell said monetary policy would return to normal and interest rates might be raised earlier than planned.

  • Updated

WASHINGTON (AP) — Warning that high inflation could make it harder to restore the job market to full health, Federal Reserve Chair Jerome Powell said Tuesday that the Fed will raise interest rates faster than it now plans if needed to stem surging prices.

  • Updated

WASHINGTON (AP) — High inflation is taking a toll on American families, Federal Reserve Chair Jerome Powell acknowledged in remarks to be delivered at a Tuesday congressional hearing, where he is sure to face tough questions on the subject.

Stocks ended slightly lower on Wall Street Monday after recouping much of an early slide. Technology stocks bounced back after leading the market lower in the morning. Losses for industrial companies and banks were partly offset by gains in health care companies. The S&P 500 ended down 0.1%, erasing most of an earlier loss of just over 2%. The Nasdaq, which is heavily weighted with technology companies, closed up less than 0.1%. It was down 2.7% earlier. Bond yields continued to rise as investors anticipate moves by the Federal Reserve to raise interest rates. Energy prices fell.

  • Updated

WASHINGTON (AP) — With inflation surging, unemployment falling and wages rising, some economists are warning that the Federal Reserve may have waited too long to reverse its ultra-low-rate policies — a delay that could put the economy at heightened risk.

  • Updated

COLOMBO, Sri Lanka (AP) — The president of debt-ridden Sri Lanka on Sunday asked China for the restructuring of its loans and access to preferential credit for imports of essential goods, as the island nation struggles in the throes of its worst economic crisis, partly due to Beijing-financed projects that don’t generate revenue.

Stocks are off to a mixed start on Wall Street Friday as weakness in technology stocks again weighs on the broader market. The S&P 500 shrugged off an early decline and was up 0.1%. The Nasdaq rose 0.5%. Bond yields rose after traders interpreted the latest monthly jobs report as indicating more tightness in the labor market. The yield on the 10-year Treasury rose to 1.75% and briefly rose close to its highest level since the start of the pandemic. The yield is a benchmark for mortgage rates, which hit their highest level since May 2020 last week.

  • Updated

Stocks slumped and bond yields rose Wednesday as Wall Street interpreted the minutes from the Federal Reserve's recent meeting of policymakers as a sign the central bank is poised to move faster to raise interest rates this year as it battles inflation.

Get up-to-the-minute news sent straight to your device.

Topics

News Alerts

Breaking News