Latest Monetary policy News

Asian stocks mostly higher ahead of US Fed chairman's speech

Aug. 23, 2019 1:53 AM EDT

BEIJING (AP) — Asian stock markets were mostly higher Friday after Wall Street declined ahead of a closely watched speech by the U.S. Federal Reserve chairman. Market benchmarks in Shanghai, Tokyo and Hong Kong rose while Australian and South Korean indexes were little-changed. Investors are looking to...

Asian stocks mixed ahead of Fed chairman's speech

Aug. 23, 2019 12:27 AM EDT

BEIJING (AP) — Asian stock markets were mixed on Friday after Wall Street declined ahead of a closely watched speech by the U.S. Federal Reserve chairman. Market benchmarks in Shanghai, Tokyo and Australia rose while Hong Kong declined. Investors are looking to Jerome Powell's speech Friday for signs of...

Investors hope Powell's speech offers clarity. But will it?

Aug. 23, 2019 12:17 AM EDT

WASHINGTON (AP) — Against the backdrop of a vulnerable economy, Federal Reserve Chairman Jerome Powell takes center stage Friday with the financial world seeking clarity on whether last month's first Fed rate cut in a decade likely marked the start of a period of easier credit. The confusion has only...

As global economic picture dims, solutions seem out of reach

Aug. 22, 2019 6:18 PM EDT

WASHINGTON (AP) — As global leaders gather on two continents to take account of a darkening economic outlook, this is the picture they face: Factories are slumping, many businesses are paralyzed, global growth is sputtering and the world's two mightiest economies are in the grip of a dangerous trade war....

US stock indexes end mixed ahead of Fed chairman speech

Aug. 22, 2019 5:14 PM EDT

A wobbly day on Wall Street left stock indexes mostly lower Thursday as investors turned cautious ahead of a widely anticipated speech by the Federal Reserve chairman. Losses by health care, technology and energy companies, among other sectors, outweighed gains by banks, consumer goods makers and elsewhere in the...

European Central Bank weighs stimulus mix as Germany slows

Aug. 22, 2019 9:49 AM EDT

FRANKFURT, Germany (AP) — The European Central Bank is weighing a broad package of stimulus measures including an interest rate cut and new bond purchases to counter worries that economic growth is slowing more than expected amid U.S.-China trade tensions. The written account of the July 25 policy meeting...

Global stocks subdued as investors seek more clues on Fed

Aug. 22, 2019 7:54 AM EDT

BEIJING (AP) — Global stock markets were subdued Thursday following Wall Street's rebound as investors looked ahead to a speech by the U.S. Federal Reserve chairman for clues about possible interest rate cuts. Investor reaction was muted following Wednesday's release of notes from the latest Fed meeting...

Trump flip-flops on tax cuts, saying US has 'strong economy'

Aug. 22, 2019 6:12 AM EDT

WASHINGTON (AP) — A day after considering cutting taxes to promote economic growth, President Donald Trump changed course and said he would abandon the idea because the nation already had "a strong economy." Trump's flip-flop on Wednesday came after recent market volatility and economic uncertainty, and...

Asian stocks mixed after Wall Street rebound

Aug. 22, 2019 12:21 AM EDT

BEIJING (AP) — Asian stock markets are mixed Thursday following Wall Street's rebound as investors looked ahead to a speech by the U.S. Federal Reserve chairman for clues about possible interest rate cuts. Investor reaction was muted following Wednesday's release of notes from the latest Fed meeting...

Economic twilight zone: Bonds that charge you for lending

Aug. 21, 2019 4:56 PM EDT

FRANKFURT, Germany (AP) — Imagine lending money to someone and having to pay for the privilege of doing so. Or being asked to invest and informed of how much money you'll lose. Sounds absurd, but increasingly that's the global bond market these days. A rising share of government and corporate bonds are...