LONDON (AP) — The growth outlook for the British economy has deteriorated largely as a result of a gloomier global backdrop, the Bank of England said Thursday as it refrained from cutting rates in...
WASHINGTON (AP) — The Federal Reserve cut short-term interest rates Wednesday for a third time this year to try to support the economy. But it signaled that it plans no further cuts unless it sees...
WASHINGTON (AP) — The Latest on the Federal Reserve's monetary policy meeting (all times local):
3 p.m.
Federal Reserve Chairman Jerome Powell says the bank will likely complete in the...
BANGKOK (AP) — Stock markets rose on Thursday after some upbeat company earnings and as investors awaited the European Central Bank's monetary policy decision and news conference.
LONDON (AP) — U.K. interest rates could be cut even if the country avoids leaving the European Union on Oct. 31 without a deal, one of the Bank of England's nine top policymakers said...
BEIJING (AP) — China's central bank governor said Tuesday its monetary policy will stay "stable and healthy," suggesting Beijing has no plans to join the United States and Europe in cutting...
TOKYO (AP) — Japan's central bank opted Thursday to keep its monetary policy unchanged despite the growing signs of trouble that prompted the Federal Reserve to cut its benchmark rate.
BANGKOK (AP) — Shares were mixed in Asia on Thursday, with Tokyo and Sydney logging modest gains after the Federal Reserve cut its benchmark interest rate for a second time this year, citing...
WASHINGTON (AP) — The Latest on the Federal Reserve's monetary policy meeting (all times local):
2:50 p.m.
Federal Reserve Chair Jerome Powell acknowledges that officials at the U.S....
NEW DELHI (AP) — India's central bank on Wednesday cut its key interest rate for the fourth consecutive time, reducing the repo rate by 0.35% to 5.40% to shore up the economy, with consumer...
FRANKFURT, Germany (AP) — The Latest on the European Central Bank's monetary policy meeting (all times local):
3:25 p.m.
European Central Bank President Mario Draghi says that euro...
BANGKOK (AP) — World stocks turned higher Tuesday after the European Central Bank signaled it could cut interest rates or provide other forms of monetary stimulus to help the economy.
WASHINGTON (AP) — U.S. long-term mortgage rates rose this week after three weeks of holding steady, tipped higher by expectations that the Federal Reserve could reduce interest rates...
SEOUL, South Korea (AP) — South Korea's central bank on Thursday cut its policy rate for the first time in three years to shore up growth threatened by a trade dispute with Japan.
ANKARA, Turkey (AP) — Turkish President Recep Tayyip Erdogan has confirmed that he fired the central bank chief over his refusal to cut interest rates.
ANKARA, Turkey (AP) — Turkey's currency fell sharply on Monday, reawakening concerns of another bout of financial jitters in the country, after President Recep Tayyip Erdogan fired the central...
WASHINGTON (AP) — The Federal Reserve on Friday repeated its pledge to "act as appropriate" to sustain the current economic expansion, now the longest in U.S. history, while noting that most Fed...
CANBERRA, Australia (AP) — Australia's central bank cut its benchmark interest rate by a quarter of a percentage point on Tuesday to a record low of 1% in a bid to boost the economy.
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NEW YORK (AP) — The Latest on the Federal Reserve's monetary policy meeting (all times local):
3:10 p.m.
Federal Reserve Chairman Jerome Powell is downplaying the possibility that...
LONDON (AP) — Global stock markets traded in fairly narrow ranges Monday as investors awaited a run of interest rate decisions, notably from the U.S. Federal Reserve, and more clarity over the...
VILNIUS, Lithuania (AP) — The Latest on the European Central Bank's monetary policy meeting (all times local):
4:25 p.m.
European Central Bank President Mario Draghi said the bank is...
NEW DELHI (AP) — India's central bank on Thursday cut its key interest rate by a quarter of a percentage point to 5.75% with immediate effect to fortify the economy as consumer spending and...
WASHINGTON (AP) — Consumer spending slowed in April while inflation was up, but still far below the target set by the Federal Reserve.
The Commerce Department said Friday that spending...
FRANKFURT, Germany (AP) — Inflation rose in April in the 19-country eurozone, at first glance an encouraging sign for the European Central Bank in its struggle to sustainably raise...
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WASHINGTON (AP) — The Latest on the Federal Reserve's monetary policy meeting (all times local):
3:40 p.m.
Federal Reserve Chairman Jerome Powell says the central bank is a...
WASHINGTON (AP) — Finance officials from the world's major powers acknowledged Friday that the global economy is in a slowdown, but they forecast that growth will pick up by the second half of...
FRANKFURT, Germany (AP) — The Latest on the European Central Bank's monetary policy meeting (all times local):
2:45 p.m.
European Central Bank President Mario Draghi says that "global...
FRANKFURT, Germany (AP) — The European Central Bank is ready to take further action to help the economy if the outlook takes a sudden turn for the worse, bank President Mario Draghi said...
WASHINGTON (AP) — The Latest on the Federal Reserve's monetary policy meeting (all times local):
3:15 p.m.
Federal Reserve Chairman Jerome Powell says rising levels of federal debt are...
FRANKFURT, Germany (AP) — The Latest on the European Central Bank's monetary policy meeting (all times local):
2:45 p.m.
The European Central Bank has slashed its forecast for economic...
WASHINGTON (AP) — The Federal Reserve said Friday that in light of a slowing global economy and last year's financial market turmoil, the central bank intends to remain "patient" in determining...
NEW DELHI (AP) — India's central bank on Thursday lowered its key interest rate by a quarter of a percentage point to 6.25 percent in a surprise move intended to keep growth on track.
The interest rate is what the federal bank charges on lending to commercial banks. Lower interest rates help borrowers but can also spur inflation.
WASHINGTON (AP) — The Latest on the Federal Reserve's monetary policy meeting (all times local):
3:15 p.m.
Federal Reserve Chair Jerome Powell says that he would need to see a jump in inflation in order to raise a benchmark interest rate.
BEIJING (AP) — China plans to slash taxes, step up spending and provide ample financing to private and small enterprises to help counter the country's worst slowdown since the global financial crisis and the impact of a bruising trade war with the U.S.
SINGAPORE (AP) — Asian markets bounced back from slight early losses on Tuesday after senior economic officials said Beijing will cut taxes and keep monetary policy flexible to help weather China's slowdown.
NEW YORK (AP) — The Latest on the Federal Reserve's monetary policy meeting (all times local):
3:35 p.m.
Federal Reserve Chairman Jerome Powell says that future interest rate decisions will likely depend more on newly released economic data than in the recent past. This would allow the Fed greater flexibility but could lead to more uncertainty in financial markets.
FRANKFURT, Germany (AP) — The Latest on the European Central Bank's monetary policy meeting (all times local):
2:55 p.m.
European Central Bank President Mario Draghi says strong domestic demand and low interest rates are supporting the economy in Europe despite a recent moderation in growth.
Draghi said at a news conference Thursday that "the underlying strength of domestic demand continues to underpin the eurozone expansion."
WASHINGTON (AP) — The Federal Reserve announced Thursday that it plans to conduct a wide-ranging review next year of the strategies and tools it uses to achieve its congressionally mandated goals of maximum employment and price stability.
The Fed said the review will also examine ways it communicates with the public.
WASHINGTON (AP) — The Latest on the Federal Reserve's monetary policy meeting (all times local):
4:00 p.m.
Stocks didn't manage to hold on to their gains and closed lower on Wall Street, even after the Federal Reserve said the economy was on strong enough footing to take another interest rate increase.
The Fed, as expected, raised its benchmark rate by a quarter-point and indicated another increase this year is likely. The Fed raises rates when the economy is growing to keep inflation in check.
FRANKFURT, Germany (AP) — The Latest on the European Central Bank's monetary policy meeting (all times local):
3:00 p.m.
European Central Bank President Mario Draghi says that trade conflicts are "the major source of uncertainty" for the global economy.
Draghi says increased tariffs coming about as part of a trade war could affect the economy by affecting business confidence and today's complex value chains between companies across borders.
ANKARA, Turkey (AP) — Turkey's central bank said Monday it would adjust its monetary policy this month, raising hopes it will finally increase interest rates, as independent experts say it should do to keep the currency from falling and fueling a financial crisis.
The bank's decision came after official figures showed that the annual inflation rate in Turkey jumped to 17.9 percent in August from 16 percent in July. That's the highest since 2003, when President Recep Tayyip Erdogan came to power.