Monetary policy
FILE - In this Wednesday, March 11, 2020 file photo, pedestrians wearing face masks pass the Bank of England in London. The Bank of England has kept its main interest rate at the record low of 0.1%. In a statement Thursday, June 24, 2021 accompanying its decision, the bank’s rate-setting Monetary Policy Committee voted unanimously to keep borrowing rates unchanged. (AP Photo/Matt Dunham, File)
Bank of England warns of rising inflation, but rates held

By Pan Pylas Jun. 24, 2021 07:26 AM 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)
Powell says economy growing rapidly, inflation up 'notably'

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

FILE - American flags hang outside of the New York Stock Exchange, in this Tuesday, Feb. 16, 2021, file photo. The White House believes it has an ally in the bond markets to make the case that inflation isn't an economic threat. (AP Photo/Frank Franklin II, File)
White House: Markets showing little worry about inflation

By Josh Boak Jun. 16, 2021 05:22 AM 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)
Asian stocks follow Wall St lower on Fed hints at rate hikes

By Joe Mcdonald Jun. 16, 2021 02:40 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 - In this Nov. 5, 2020 file photo, a sign for Wall Street is carved in the side of a building, in New York. Stocks are pushing higher in early trading on Wall Street, Friday, June 4, 2021, putting most major indexes back to gains for the week. (AP Photo/Mark Lennihan, File)
Stocks end the week higher as US jobs report calms Fed fears

By Damian J. Troise And Alex Veiga Jun. 04, 2021 02:31 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)
Fed survey sees faster growth despite supply-chain problems

By Martin Crutsinger Jun. 02, 2021 03:23 PM EDT

FILE - In this Tuesday, March 17, 2020, file photo, a trader works the floor at the New York Stock Exchange, in New York. The central question gripping Wall Street in spring 2021 is whether the burst of inflation hitting the economy as it recovers from the pandemic is just temporary or the start of a real problem. (AP Photo/Mark Lennihan, File)
High inflation? A generation of investors has never felt it

By Stan Choe May. 20, 2021 02:28 PM EDT

FILE - In this Dec. 1, 2020, file photo, Federal Reserve Chair Jerome Powell listens during a Senate Banking Committee hearing on Capitol Hill in Washington. Federal Reserve officials at their April 2021 meeting reaffirmed the view that the central bank's ultra-low interest rate remained the best policy approach, but some officials cautioned that some factors pushing inflation higher may not be resolved quickly. In minutes of their discussions released Wednesday, May 19, 2021 a number of participants in the discussions expressed the view that supply chain bottlenecks and input shortages that were pushing prices higher may not be resolved quickly and could end up putting “upward pressure on prices beyond this year.” (Al Drago/The New York Times via AP, Pool, File)
Fed officials in April cautioned about inflation pressures

By Martin Crutsinger May. 19, 2021 04:02 PM 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. Powell says the economic outlook has “clearly brightened” in the United States but the recovery remains too uneven with lower income groups lagging behind. In a speech Monday, May 3, 2021 Powell cited a number of reasons that U.S. growth prospects have brightened. (AP Photo/Susan Walsh, Pool)
EXPLAINER: Why are fears of high inflation getting worse?

By Christopher Rugaber May. 11, 2021 05:02 PM EDT

In this photo provided by the New York Stock Exchange, traders Gregory Rowe, center, and Robert Charmak, right, confer on the trading floor, Friday, May 7, 2021. Stocks are rallying to records on Wall Street Friday despite a stunningly disappointing report on the nation's job market, as investors see it helping to keep interest rates low. (Nicole Pereira/New York Stock Exchange via AP)
Stocks rally to records after grim jobs data undercuts rates

By Stan Choe, Damian J. Troise And Alex Veiga May. 07, 2021 02:45 AM EDT

FILE - In this Wednesday, March 11, 2020 file photo, pedestrians wearing face masks pass the Bank of England in London. The Bank of England said Thursday May 6, 2021, it will keep interest rates on hold and has grown more optimistic about the economic recovery in the U.K. as a result of the rapid rollout of coronavirus vaccines. (AP Photo/Matt Dunham, File)
Bank of England expects best year for UK economy since 1941

By Pan Pylas May. 06, 2021 07:10 AM EDT