Monetary policy

FILE - In this Friday, July 19 2019, file photo specialist Mark Otto, left, and trader Fred DeMarco work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, July 26. (AP Photo/Richard Drew, File)
July 28, 2019 - 10:49 pm
TOKYO (AP) — Asian shares were mostly lower Monday as investors watched for developments in the trade conflict between the U.S. and China, with talks set to continue this week. Japan's benchmark Nikkei 225 edged down 0.3% in early trading to 21,584.96. Australia's S&P/ASX 200 gained 0.2% to 6,...
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In this Wednesday, July 24, 2019 photo, the container ship Seaboard Atlantic is shown docked at PortMiami in Miami. The government says the U.S. economy grew more slowly in 2018 than it previously estimated, downgrading its estimate from 3% to 2.5%. President Donald Trump had frequently boasted of the 3% growth figure as evidence that his policies invigorated the economy. (AP Photo/Wilfredo Lee)
July 26, 2019 - 5:55 pm
WASHINGTON (AP) — The U.S. economy slowed sharply in the April-June quarter even as consumers stepped up their spending. The gross domestic product, the economy's total output of goods and services, grew at a 2.1% annual rate last quarter, down from a 3.1% gain in the first quarter, the Commerce...
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Sen. Elizabeth Warren, D-Mass., speaks about a bill to cancel student loan debt, Tuesday, July 23, 2019, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)
July 26, 2019 - 2:30 pm
WASHINGTON (AP) — Elizabeth Warren became a household name thanks to her prescient warning of what became a global financial crisis. Now she's staking her credentials on another forecast of fiscal trauma ahead. But even economists who like her prescription are skeptical about her diagnosis. The...
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President of European Central Bank Mario Draghi comes to a press conference following a meeting of the governing council in Frankfurt, Germany, Thursday, July 25, 2019. (AP Photo/Michael Probst)
July 25, 2019 - 1:15 pm
FRANKFURT, Germany (AP) — The European Central Bank joined the U.S Federal Reserve in making clear that more stimulus could be coming soon to support an economy weakening in the face of global trade tensions. The ECB's rate-setting board left its key interest benchmarks unchanged at a policy...
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In this Friday, July 19, 2019 photo, a For Sale sign is posted in front of a home in Miami. On Thursday, July 25, Freddie Mac reports on this week’s average U.S. mortgage rates. (AP Photo/Lynne Sladky)
July 25, 2019 - 1:06 pm
WASHINGTON (AP) — U.S. long-term mortgage rates fell this week, edging toward three-year lows amid signals from Federal Reserve officials that they could cut their benchmark interest rate at their meeting next week. Mortgage buyer Freddie Mac said Thursday the average rate on the key 30-year...
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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, Thursday, July 25, 2019. Asian shares have rallied after the S&P 500 and Nasdaq closed at record highs. South Korea’s Kospi sank early Thursday after North Korea launched two short range missiles into the sea. (AP Photo/Ahn Young-joon)
July 25, 2019 - 8:26 am
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. The ECB, which sets interest rates for the 19 countries that use the euro, hinted it could cut rates in coming...
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A window cleaner waves as he takes a break from repelling down the side of a high-rise building in Istanbul, Monday, July 15, 2019. (AP Photo/Lefteris Pitarakis)
July 25, 2019 - 7:19 am
ANKARA, Turkey (AP) — Turkey's central bank has slashed the key interest deeply, by 4.25 percentage points, in a first monetary policy meeting under its new governor. The interest rate was cut Thursday to 19.75% from 24%. President Recep Tayyip Erdogan dismissed the previous governor, Murat...
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Trader Fred Reimer works on the floor of the New York Stock Exchange, Friday, July 19, 2019. U.S. stocks moved broadly higher in early trading on Wall Street Friday and chipped away at the week's losses. (AP Photo/Richard Drew)
July 19, 2019 - 4:47 pm
NEW YORK (AP) — U.S. stocks pulled further back from their records on Friday to cap the weakest week for the S&P 500 since May. Indexes sloshed between small gains and losses for much of the day before turning lower in the afternoon after Iran said it seized a British oil tanker, the latest...
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Bank of Korea Gov. Lee Ju-yeol speaks during a press conference in Seoul, South Korea, Thursday, July 18, 2019. South Korea's central bank on Thursday cut its policy rate for the first time in three years to combat a faltering economy that faces further risks from a heated trade dispute with Japan. (AP Photo/Ahn Young-joon)
July 18, 2019 - 3:25 am
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. The Bank of Korea lowered its key interest rate by a quarter percentage point to 1.50% following a meeting of its...
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FILE - In this July 1, 2019, file photo trader James Riley works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Monday, July 15. (AP Photo/Richard Drew, File)
July 15, 2019 - 10:35 pm
TOKYO (AP) — Asian shares were little changed and mixed in quiet trading Tuesday amid a lack of fresh market-moving news as investors looked ahead to earnings season. Japan's benchmark Nikkei 225 lost 0.7% in early trading to 21,531.05. Australia's S&P/ASX 200 was little changed but slightly...
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