Central banking
People walk by an electronic stock board of a securities firm in Tokyo, Monday, June 28, 2021. Asian stock markets declined Monday after Wall Street hit a new high as investors looked ahead to manufacturing indicators from Japan, China and South Korea.(AP Photo/Koji Sasahara)
Asian markets lower after Wall Street recovers to new high

By Joe Mcdonald Jun. 28, 2021 12:14 AM EDT

FILE - This Jan. 13, 2021, file photo shows a Chase ATM in New York. All 23 of the nation's biggest banks are healthy enough to withstand a sudden economic catastrophe, the Federal Reserve said Thursday, June 24, as it released the results from its latest "stress tests," giving the banks the green light to start paying out dividends to investors and buying back stock. (AP Photo/Mark Lennihan, File)
All big banks pass latest Federal Reserve 'stress tests'

By Ken Sweet Jun. 24, 2021 04:41 PM EDT

In this photo provided by the New York Stock Exchange, Gregory Rowe, center, talks with a fellow trader on the NYSE trading floor, Wednesday, June 23, 2021. A morning gain on Wall Street was fading away at midday Wednesday, leaving major indexes mixed. Investors are still trying to parse emerging signs of inflation and judge whether they will be transitory, as the Federal Reserve thinks they will. (Courtney Crow/New York Stock Exchange via AP)
Stocks end listless day on Wall Street mixed as calm returns

By Damian J. Troise And Stan Choe Jun. 23, 2021 02:49 PM EDT

Czech central bank raises key rate to 0.5% to tame inflation

Jun. 23, 2021 09:06 AM EDT
PRAGUE (AP) — The Czech Republic’s central bank has increased its key interest rate by a quarter-point to 0.5% in efforts to tame inflation as the economy...

FILE - Federal Reserve Chairman Jerome Powell, right, testifies before the Senate Banking Committee on Capitol Hill in Washington, Tuesday, Dec. 1, 2020. The economy is growing at a healthy clip, and that has accelerated inflation, Federal Reserve Chair Jerome Powell says in written testimony to be delivered Tuesday, June 22, 2021 at a congressional oversight hearing. (AP Photo/Susan Walsh, Pool)
Fed's Powell says high inflation temporary, will 'wane'

By Christopher Rugaber Jun. 22, 2021 02:47 PM EDT

Flags adorn the facade of the New York Stock Exchange, Wednesday, June 16, 2021. Stocks are opening mostly lower on Wall Street Tuesday, June 22 as traders wait for more clues on the Federal Reserve's thinking on inflation. (AP Photo/Richard Drew)
Wall Street rises, pushing S&P 500 back near record high

By Damian J. Troise And Stan Choe Jun. 22, 2021 02:46 AM EDT

FILE - Federal Reserve Chairman Jerome Powell, right, testifies before the Senate Banking Committee on Capitol Hill in Washington, Tuesday, Dec. 1, 2020. The economy is growing at a healthy clip, and that has accelerated inflation, Federal Reserve Chair Jerome Powell says in written testimony to be delivered Tuesday, June 22, 2021 at a congressional oversight hearing. (AP Photo/Susan Walsh, Pool)
Powell says economy growing rapidly, inflation up 'notably'

By Christopher Rugaber Jun. 21, 2021 06:24 PM EDT

People wearing face masks walk past a bank's electronic board showing the Hong Kong share index in Hong Kong, Tuesday, June 22, 2021. Asian shares have rebounded from their retreat a day earlier, tracking Wall Street's recovery from the Federal Reserve's reminder it will eventually provide less support to markets. (AP Photo/Kin Cheung)
Asian shares track rebound on Wall Street

By Yuri Kageyama Jun. 20, 2021 11:44 PM EDT

FILE - This Sunday, May 2, 2021 file photo shows a general view of the Tottenham Hotspur Stadium in London. Tottenham has paid back the 175 million pounds ($243 million) it borrowed from the Bank of England as part of a coronavirus loan scheme, freeing up cash that could help the Premier League club sign players and a new manager. The north London club said Friday, June 18, 2021 that it repaid the low-interest loan from the 250 million pounds ($347 million) it recently raised from institutional investors.(Nick Potts/Pool via AP, file)
Tottenham repays COVID loan, frees up funds for signings

Jun. 18, 2021 09:29 AM EDT

A currency trader passes by screens showing foreign exchange rates at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, June 18, 2021. Asian shares mostly rose Friday, as investors digested the latest message from the U.S. Federal Reserve on raising short-term interest rates by late 2023. (AP Photo/Ahn Young-joon)
Stocks open lower, pushing the S&P 500 toward a weekly loss

The Associated Press Jun. 18, 2021 02:34 AM EDT

This March 21, 2021 photo shows an advertising sign for building land stands in front of a new home construction site in Northbrook, Ill. Mortgage rates were mostly lower this week, Thursday, June 17, as the economy continued to show signs of recovery from the pandemic recession and recent bursts of inflation were deemed temporary by federal policymakers. (AP Photo/Nam Y. Huh)
US average mortgage rates mostly lower; 30-year at 2.93%

Jun. 17, 2021 01:57 PM EDT

A currency trader walks near the screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room in Seoul, South Korea, Thursday, June 17, 2021. Asian stock markets followed Wall Street lower Thursday after the Federal Reserve indicated it might ease off economic stimulus earlier than previously thought.(AP Photo/Lee Jin-man)
Stocks push mostly higher on Wall Street after wobbly start

The Associated Press Jun. 17, 2021 01:38 AM EDT

FILE - In this Dec. 1, 2020 file photo, Chairman of the Federal Reserve Jerome Powell appears before the Senate Banking Committee on Capitol Hill in Washington. The Federal Reserve signaled Wednesday, June 16, 2021, that it may act sooner than previously planned to start dialing back the low-interest rate policies that have helped fuel a swift rebound from the pandemic recession but have also coincided with rising inflation. The Fed's policymakers forecast that they would raise their benchmark short-term rate, which influences many consumer and business loans, twice by late 2023. They had previously estimated that no rate hike would occur before 2024. (AP Photo/Susan Walsh, Pool, File)
Fed sees earlier time frame for rate hikes with inflation up

By Christopher Rugaber Jun. 16, 2021 02:07 PM EDT

Supporters of presidential candidate Ebrahim Raisi hold signs during a rally in Tehran, Iran, Wednesday, June 16, 2021. Iran's clerical vetting committee has allowed just seven candidates for the Friday, June 18, ballot, nixing prominent reformists and key allies of President Hassan Rouhani. The presumed front-runner has become Ebrahim Raisi, the country's hard-line judiciary chief who is closely aligned with Supreme Leader Ayatollah Ali Khamenei. (AP Photo/Ebrahim Noroozi)
Iran election race narrows but fears persist of low turnout

By Isabel Debre Jun. 16, 2021 09:25 AM EDT

Supporters of Abdolnasser Hemmati, a presidential candidate in the June 18, elections, hold signs with his picture, during a street rally in Tehran, Iran, Tuesday, June 15, 2021. Hemmati, 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. (AP Photo/Vahid Salemi)
Iran presidential candidate urges better ties with West

By Amir Vahdat Jun. 15, 2021 06:14 AM EDT

A woman wearing a protective mask walks in front of an electronic stock board showing Japan's Nikkei 225 and New York Dow indexes at a securities firm Wednesday, June 16, 2021, in Tokyo. 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. (AP Photo/Eugene Hoshiko)
Asian shares mixed in quiet trading ahead of US Fed decision

By Yuri Kageyama Jun. 15, 2021 01:06 AM EDT

FILE - In this Dec. 1, 2020 file photo, Chairman of the Federal Reserve Jerome Powell appears before the Senate Banking Committee on Capitol Hill in Washington. The Federal Reserve reports that the U.S. economy grew at a somewhat faster pace from early April to late May despite adverse effects from supply chain disruptions. The Fed’s latest survey of economic conditions around the nation released Wednesday, June 2 2021, said that several Fed districts reported positive effects on the economy from increased vaccination rates and relaxed social distancing measures. (AP Photo/Susan Walsh, Pool, File)
Delicate task for Fed: When to pull back on low-rate support

By Christopher Rugaber Jun. 14, 2021 01:18 PM EDT

In this photo provided by the New York Stock Exchange, specialist Patrick King works with traders on the floor of the NYSE, Monday, June 14, 2021. Stocks fell on Wall Street Monday in a sluggish start to the week as investors await the latest take from the Federal Reserve on inflation. (Courtney Crow/New York Stock Exchange via AP)
Gains for some tech giants nudge S&P to another record high

By Damian J. Troise And Alex Veiga Jun. 14, 2021 10:21 AM EDT

FILE - The front of the New York Stock Exchange is shown, Monday, May 24, 2021. Stocks are opening solidly higher on Wall Street Friday, June 11 keeping the S&P 500 on track for its third weekly gain in a row. The benchmark index was up 0.1%. (AP Photo/Mark Lennihan, File)
Stocks notch modest gains and a 3rd winning week for S&P 500

By Damian J. Troise And Alex Veiga Jun. 11, 2021 02:59 AM EDT

FILE - In this Feb.14, 2021 file photo the sun is about to rise behind the buildings of the banking district in Frankfurt, Germany. The European statistics agency Eurostat released monthly inflation figures Tuesday.(AP Photo/Michael Probst, file)
Europe leaves stimulus running hot ahead of recovery

By David Mchugh Jun. 10, 2021 07:54 AM EDT