Latest Monetary policy News

Stocks edge up on Chinese growth plan, ahead of Brexit vote

Jan. 15, 2019 7:34 AM EST

SINGAPORE (AP) — Global stock markets mostly rose Tuesday as after Chinese officials set out plans to support the world's second-biggest economy through a slowdown. Investors were also looking at corporate earnings as well as a vote later by the British parliament on a Brexit deal that has drawn strong...

China to cut taxes, keep policy flexible to counter slowdown

Jan. 15, 2019 1:58 AM EST

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. The People's Bank of China is confident it can keep...

Cold, hard safety blanket: Cash rules as stocks, bonds waver

Jan. 15, 2019 12:05 AM EST

NEW YORK (AP) — Suddenly, cash is king again. For years, cash languished at the bottom of the investment rankings, weighed down by nearly non-existent interest rates. But with the Federal Reserve raising short-term rates four times last year, money-market funds and online savings accounts began paying...

Asian shares recover as China outlines 2019 policy plans

Jan. 14, 2019 10:57 PM EST

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. KEEPING SCORE: Japan's Nikkei 225 index, reopening after a market holiday, added 0.9 percent to...

Cold, hard safety blanket: Cash rules as stocks, bonds waver

Jan. 14, 2019 3:57 PM EST

NEW YORK (AP) — Suddenly, cash is king again. For years, cash languished at the bottom of the investment rankings, weighed down by nearly non-existent interest rates. But with the Federal Reserve raising short-term rates four times last year, money-market funds and online savings accounts began paying...

Fed officials feared adverse market reaction in 2013

Jan. 11, 2019 5:17 PM EST

WASHINGTON (AP) — Federal Reserve officials were worried about an adverse market reaction when they made their first tentative moves in 2013 to pull back on the massive support they had been providing to help the economy recover from the Great Recession. Transcripts of their discussions released Friday...

Powell repeats pledge to remain 'patient' with rate hikes

Jan. 10, 2019 2:46 PM EST

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Thursday that the central bank has the ability to be "patient" in determining when to hike interest rates. Speaking to an audience in Washington, Powell delivered the same reassuring message of restraint and flexibility that bolstered markets...

Asian markets settle after rallying on US-China trade hopes

Jan. 9, 2019 11:18 PM EST

SINGAPORE (AP) — Asian markets were mostly lower Thursday as U.S. and Chinese officials wrapped up three days of talks in Beijing without significant breakthroughs. KEEPING SCORE: Japan's Nikkei 225 index, which closed up 1.1 percent on Wednesday, retreated 1.4 percent to 20,141.93. The Kospi in South...

Jittery Wall Street has a lot ahead to be nervous about

Jan. 7, 2019 2:06 AM EST

NEW YORK (AP) — Welcome to the brave new world of investing, where every day in the stock market can feel like bedlam. Investors have been careening from fear to relief and back again as they react to morsels of news about the health of the economy and corporate profits, the global trade war and when the...

Stocks swing to huge gains after jobs report, trade talks

Jan. 4, 2019 8:45 PM EST

NEW YORK (AP) — Global stocks soared Friday and reversed the big losses they suffered just a day earlier. The Dow Jones Industrial Average rallied 746 points in the latest twist in a wild three months for markets. Hopes for progress in the U.S.-China trade dispute, a strong report on the U.S. jobs market...