Monetary policy

September 24, 2020 - 8:48 am
ANKARA, Turkey (AP) — Turkey’s Central Bank raised its benchmark interest rate by 2 percentage points on Thursday, its first hike in two years to fight inflation and support its falling currency. In a surprise move that helped boost the Turkish currency, the Monetary Policy Committee said it had...
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FILE - In this Jan. 3, 2020 file photo, the Wall St. street sign is framed by American flags flying outside the New York Stock Exchange in New York. Stocks are falling early on Wall Street Thursday, Sept. 17, as the late selling from the previous day carries over. (AP Photo/Mary Altaffer, File)
September 17, 2020 - 4:16 pm
U.S. stocks are closing lower Thursday as Wall Street continues to swirl after the Federal Reserve said it will keep interest rates at nearly zero for years to help nurse the wheezing economy. The S&P 500 fell 0.8%. The selling was widespread, with eight of 11 sectors that make up the S&P...
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FILE - In this file photo dated Wednesday, March 11, 2020, pedestrians wearing face masks walk past the Bank of England in London. The Bank of England kept its main interest rate unchanged at the record low of 0.1% on Thursday Sept. 17, 2020, as it waits to see how the economy recovers from recession and what Britain’s future trade relationship with the European Union will be. (AP Photo/Matt Dunham, FILE)
September 17, 2020 - 9:09 am
LONDON (AP) — The Bank of England indicated Thursday that it could cut interest rates below zero for the first time in its 326-year history as it tries to shore up a U.K. economic recovery that is facing the dual headwinds of the coronavirus and Brexit. After unanimously deciding to keep the bank's...
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Currency traders work at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, Sept. 17, 2020. Asian stock markets declined Thursday after the U.S. Federal Reserve indicated its benchmark interest rate will stay close to zero at least through 2023 but announced no additional stimulus plans. (AP Photo/Ahn Young-joon)
September 16, 2020 - 11:27 pm
Asian stock markets declined Thursday after the U.S. Federal Reserve indicated its benchmark interest rate will stay close to zero at least through 2023 but announced no additional stimulus plans. Market benchmarks in Shanghai, Tokyo, Seoul and Hong Kong all retreated. Wall Street's benchmark S...
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FILE - In this June 30, 2020, file photo Federal Reserve Board Chairman Jerome Powell, reflected in the sneeze guard set up between himself and members of the House Committee on Financial Services, speaks during a hearing on oversight of the Treasury Department and Federal Reserve pandemic response on Capitol Hill in Washington. The Federal Reserve adjusted its inflation target to seek price increases above 2% annually, a move that will likely keep interest rates low for years to come. The Fed on Wednesday, Sept. 16, also left its benchmark short-term rate unchanged at nearly zero, where it has been since the pandemic intensified in March. (Bill O'Leary/The Washington Post via AP, Pool)
September 16, 2020 - 6:55 pm
WASHINGTON (AP) — With the economy still struggling to recover from the pandemic recession, Federal Reserve policymakers signaled Wednesday that their benchmark short-term interest rate will likely remain at zero at least through 2023 and possibly even longer. Fed chair Jerome Powell said at a...
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FILE- In this April 5, 2018, file photo a sign for a Wall Street subway station is shown. Wall Street is strengthening again as big technology stocks wrest back more of their losses from their sudden belly flop earlier this month. The S&P 500 was 0.9% higher in early trading and back within 5% of its record set on Sept. 2, 2020. (AP Photo/Richard Drew, File)
September 15, 2020 - 3:46 pm
Stocks were losing some of their early strength Tuesday afternoon, with gains in big technology companies outweighing losses in banks and elsewhere in the market. The S&P 500 was 0.2% higher in afternoon trading and on pace for a second day of gains on the heels of its worst week since June...
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FILE - In this Aug. 21, 2019, file photo, specialist Anthony Matesic, center, works with traders at his post on the floor of the New York Stock Exchange. Stocks are opening solidly higher on Wall Street Monday, Sept. 14, 2020, following a burst of big corporate deals. (AP Photo/Richard Drew, File)
September 14, 2020 - 4:04 pm
Wall Street ended solidly higher Monday following a burst of big corporate deals. The S&P 500 rose 1.3%, erasing much of its loss from last week. Technology companies led the gains once again. Nvidia jumped after announcing plans to buy fellow chipmaker Arm Holdings, and Oracle climbed after...
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The European Central Bank is seen in Frankfurt, Germany, Thursday, Sept. 10, 2020. The governing council of the ECB will meet on Thursday. (AP Photo/Michael Probst)
September 10, 2020 - 2:32 pm
FRANKFURT, Germany (AP) — With almost a trillion euros still in the pipeline, the European Central Bank said Thursday that its emergency support program for the economy will run into next year, joining the Federal Reserve in making it clear that stimulus will remain set on high as the pandemic...
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Store closing signs are shown on a Stein Mart store Sunday, Aug. 30, 2020, in Salt Lake City. The latest Federal Reserve survey of U.S. economic activity found generally modest gains in August but also pessimism about the future given the threats posed by the coronavirus. The Fed report made public Wednesday, Sept. 2, said that a theme echoed across the country is the continued uncertainty stemming from the pandemic and its negative effect on consumer and business activity.(AP Photo/Rick Bowmer)
September 02, 2020 - 3:16 pm
WASHINGTON (AP) — The latest Federal Reserve survey of U.S. economic activity found generally modest gains in August but also pessimism about the future given the threats posed by the coronavirus. The Fed report made public Wednesday said that a theme echoed across the country is the continued...
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A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Aug. 28, 2020. Asian markets were mostly higher Friday after the Federal Reserve said it might keep interest rates low even if inflation rises, in a major overhaul to its strategy. (AP Photo/Ahn Young-joon)
August 28, 2020 - 5:51 am
World markets were mostly higher Friday after the Federal Reserve chair said the U.S. central bank will keep its easy money policy even if inflation hits its 2% target. Shares in Japan retreated after Prime Minister Shinzo Abe said he is resigning due to health problems. The Nikkei 225 index lost 1...
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