Latest Monetary policy News

Asian shares mostly higher as China cuts loan rate

Sep. 20, 2019 12:08 AM EDT

BANGKOK (AP) — Asian shares were mostly higher on Friday after a lackluster session on Wall Street, as investors shifted their focus to China-U.S. trade talks after a busy week of central bank news. Japan's Nikkei 225 index gained 0.4% to 22,135.98 and the Shanghai Composite index rose 0.2% to 3,004.48....

Fed rushes to plug cash shortage in short-term loan market

Sep. 19, 2019 6:10 PM EDT

WASHINGTON (AP) — A peculiar thing is happening in financial markets this week: an oft-overlooked corner of Wall Street where banks and others go for billions of dollars in short-term loans is suddenly in need of cash. To that end, the Federal Reserve has stepped in to inject about $200 billion over the...

President Trump says Fed Chair Powell's job is 'safe'

Sep. 19, 2019 12:36 PM EDT

WASHINGTON (AP) — Despite all of his attacks on the Federal Reserve, President Donald Trump says Chairman Jerome Powell's job is safe. Asked in an interview with Fox News if Powell's job was safe, Trump said, "It's safe. Yes, it's safe. I mean, sure, why not." In the interview broadcast Thursday, Trump did...

World shares mixed following Fed's decision to cut rates

Sep. 19, 2019 8:20 AM EDT

LONDON (AP) — European stock markets pushed higher Thursday as traders had their first chance to respond to the U.S. Federal Reserve's widely anticipated decision to cut its benchmark interest rate for the second time this year. In Europe, Germany's DAX was up 0.3% to 12,422 while the FTSE 100 index of...

Can green investment help relaunch Germany's economy?

Sep. 19, 2019 7:58 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...

Japan central bank stands pat after Fed rate cut

Sep. 19, 2019 2:18 AM EDT

TOKYO (AP) — Japan's central bank opted Thursday to keep its monetary policy unchanged despite the growing signs of trouble that prompted the Federal Reserve to cut its benchmark rate. The Bank of Japan said in its policy statement that exports, industrial output and business sentiment had been affected by...

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...