Latest Economic policy News

Can green investment help relaunch Germany's economy?

Sep. 19, 2019 1:04 AM EDT

FRANKFURT, Germany (AP) — A recession looms for Germany and the European Central Bank is pleading for governments to spend more to revitalize economic growth. Yet despite having the luxury of borrowing money for less than nothing, the German government is keeping a tight rein on its finances. A debate over...

Asian shares mixed following Fed's decision to cut rates

Sep. 19, 2019 12:02 AM EDT

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 slowing global economic growth and uncertainty over U.S. trade conflicts. Japan's central bank opted to keep its own...

A divided Fed reduces rates but may not cut again this year

Sep. 18, 2019 6:24 PM EDT

WASHINGTON (AP) — A sharply divided Federal Reserve cut its benchmark interest rate Wednesday for a second time this year but declined to signal that further rate cuts are likely this year. The Fed's move reduced its key short-term rate — which influences many consumer and business loans — by...

How major US stock indexes fared Wednesday

Sep. 18, 2019 5:03 PM EDT

Major U.S. stock indexes closed mostly higher Wednesday after the Federal Reserve delivered an expected cut in interest rates. Stocks initially fell after the Fed announcement, which revealed central bank policymakers are divided about the upcoming path for interest rates. The market rebounded as Fed Chairman...

Markets Right Now: Stocks sink then recover after Fed cut

Sep. 18, 2019 4:26 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4:00 p.m. Stocks are rebounding at the close of trading, led by banks and big tech names, after the Federal Reserve delivered an expected cut in interest rates. Stocks initially fell after the Fed announcement, after the Fed...

What the Fed's rate cut means for you

Sep. 18, 2019 4:03 PM EDT

The Federal Reserve has cut its benchmark interest rate again, big news for the U.S. economy but something that will likely have a muted impact on Americans' personal finances, experts say. That's because the reduction doesn't offset the increases of recent years. And as the key rate creeps closer to zero,...

Text of the Fed's statement after its meeting Wednesday

Sep. 18, 2019 3:11 PM EDT

WASHINGTON (AP) — Below is the statement the Fed released Wednesday after its policy meeting ended: Information received since the Federal Open Market Committee met in July indicates that the labor market remains strong and that economic activity has been rising at a moderate rate. Job gains have been...

The Latest: Powell says Fed facing "difficult judgments"

Sep. 18, 2019 3:01 PM EDT

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. central bank are fractured about next steps on interest rates. Forecasts from the Fed show uncertainty about the course of...

Pelosi welcomes Hong Kong pro-democracy activists to Capitol

Sep. 18, 2019 2:35 PM EDT

WASHINGTON (AP) — House Speaker Nancy Pelosi on Wednesday welcomed Hong Kong pro-democracy activists to the U.S. Capitol, sending a message to Beijing that Congress supports the protesters in their months-long campaign for human rights. Pelosi thanked the activists for "challenging the conscience," not...

The Latest: Merkel open to free trade agreement post-Brexit

Sep. 18, 2019 10:07 AM EDT

STRASBOURG, France (AP) — The Latest on Brexit (all times local): 3:45 p.m. German Chancellor Angela Merkel says she still sees a possibility for Britain to make "an orderly exit" from the European Union but Germany also is prepared for a disorderly Brexit. Merkel said a day after a telephone call with...