Latest Monetary policy News

Asian markets mixed after Wall Street high

Nov. 14, 2019 1:11 AM EST

BEIJING (AP) — Asian stock markets were mixed Thursday amid doubts about the status of a U.S.-Chinese trade deal after the U.S. Federal Reserve’s chairman said it is likely to leave its benchmark interest rate unchanged. Shanghai and Seoul advanced while Tokyo and Hong Kong declined. Investors were...

Asian markets mixed after Wall Street high

Nov. 13, 2019 11:20 PM EST

BEIJING (AP) — Asian stock markets were mixed Thursday amid doubts about the status of a U.S.-Chinese trade deal after the U.S. Federal Reserve’s chairman said it is likely to leave its benchmark interest rate unchanged. Investors were wary after The Wall Street Journal reported Chinese negotiators...

Fed’s Powell sees steady growth, signals pause in rate cuts

Nov. 13, 2019 4:27 PM EST

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Wednesday that the Fed is likely to keep its benchmark short-term interest rate unchanged in the coming months, unless the economy shows signs of worsening. But for now, in testimony before a congressional panel, Powell expressed optimism about...

The Latest: Powell sees job participation as major problem

Nov. 13, 2019 12:09 PM EST

WASHINGTON (AP) — The Latest on Federal Reserve Chairman Jerome Powell’s testimony before the Joint Economic Committee about the outlook for the U.S. economy (all times local): ___ 11:55 a.m. Federal Reserve Chairman Jerome Powell says two major long-term issues facing the U.S. economy are sluggish...

Stocks mixed as uncertainty reigns in US-China trade talks

Nov. 11, 2019 11:40 PM EST

BANGKOK (AP) — Shares were mixed in Asia on Tuesday as investors awaited cues on trade talks between China and the U.S. The next hints on progress in the negotiations between Beijing and Washington could come later in the day, when Trump is scheduled to give a speech on trade and economic policy at the...

Lebanon's Central Bank tries to calm nerves amid crisis

Nov. 11, 2019 8:21 AM EST

BEIRUT (AP) — The governor of Lebanon's Central Bank sought to calm nerves on Monday amid a worsening economic and financial crisis, pledging to work on safeguarding the stability of the national currency and protecting bank deposits. Riad Salameh told reporters at a packed press conference that the bank...

Bank of England warns over global economic hit to UK

Nov. 7, 2019 9:53 AM EST

LONDON (AP) — The growth outlook for the British economy has deteriorated largely as a result of a gloomier global backdrop, the Bank of England said Thursday as it refrained from cutting rates in the run-up to a general election that could have huge repercussions on Brexit. Though waning fears of a...

Global stocks turn higher as China says tariff war may ease

Nov. 7, 2019 8:15 AM EST

BANGKOK (AP) — Global stocks rose Thursday after China said it had agreed with the United States to gradually ease tariffs on each other's exports as part of an effort to scale back their trade war. Germany's DAX rose 0.7% to 13,269 and France's CAC 40 gained 0.2% to 5,875. London's FTSE 100 rose 0.4% to...

Asian stocks mostly lower after US indexes hit pause

Nov. 6, 2019 11:31 PM EST

BANGKOK (AP) — Asian stocks were mostly lower Thursday after a meandering day of trading in the U.S. left stock indexes close to their record highs. The Shanghai Composite Index declined 0.3% to 2,969.81. Tokyo's Nikkei 225 was down 0.1% at 23,275.17. Hong Kong's Hang Seng sank 0.4% to 27,589.65 and South...

Global stocks higher as investors monitor US-China talks

Nov. 6, 2019 7:40 AM EST

BEIJING (AP) — Global stock markets mostly rose on Wednesday as investors assessed developments in U.S.-Chinese trade talks following reports Beijing wants Washington to lift punitive tariffs. Markets rose in much of Europe, as they did in Japan, while the Shanghai index declined and Hong Kong's was flat....