Central banking

FILE - In this May 6, 2019, file photo, a woman looks at display boards at the Australian Stock Exchange in Sydney, Australia. Australia's central bank has cut its benchmark interest rate by a quarter of a percentage point to a new record low of 1% in a bid to boost the economy. (AP Photo/Rick Rycroft, File)
July 01, 2019 - 10:01 pm
CANBERRA, Australia (AP) — Australia's central bank cut its benchmark interest rate by a quarter of a percentage point on Tuesday to a new record low of 1% in a bid to boost the economy. The cut is the second in consecutive months. Previously the Reserve Bank of Australia had not shifted the rate...
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June 30, 2019 - 4:00 am
FRANKFURT, Germany (AP) — An international forum for central bankers is warning that the global economic recovery will need more than just support from the likes of the U.S. Federal Reserve to get past its current shaky stretch. The admonition from the Bank for International Settlements comes as...
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The buildings of the banking district are seen along the river Main in Frankfurt, Germany, late Thursday, June 27, 2019. (AP Photo/Michael Probst)
June 28, 2019 - 2:00 am
FRANKFURT, Germany (AP) — Annual inflation in the 19 countries that use the euro remained stuck at 1.2% in June, well below their central bank's goal despite years of stimulus policies. The official figure released Friday by the EU statistics agency matched the May reading and came in short of the...
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FILE - In this May 1, 2019, file photo Federal Reserve Board Chair Jerome Powell speaks at a news conference following a two-day meeting of the Federal Open Market Committee in Washington. On Tuesday, June 25, Powell is scheduled to speak on the economy outlook and monetary policy review at the Council on Foreign Relations in New York. (AP Photo/Patrick Semansky, File)
June 25, 2019 - 10:16 am
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Tuesday the economic outlook has become cloudier since early May, with rising uncertainties over trade and global growth causing the central bank to reassess its next move on interest rates. Speaking to the Council on Foreign Relations...
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President Donald Trump listens to a question during a meeting with Canadian Prime Minister Justin Trudeau in the Oval Office of the White House, Thursday, June 20, 2019, in Washington. (AP Photo/Evan Vucci)
June 24, 2019 - 6:31 am
WASHINGTON (AP) — President Donald Trump is continuing efforts to pressure the U.S. central bank system, saying the stock markets and economic growth would be much higher if not for its actions. Trump says the Federal Reserve "doesn't know what it's doing" and raised interest rates too quickly. The...
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FILE- This May 11, 2012, file photo, shows a Capital One Bank office, in New York. All 18 of the nation's largest and most complex banks are strong enough to withstand a severe economic downturn and would be able to stay in business without collapsing, the Federal Reserve said Friday, June 21, 2019. Capital One, which has a large commercial banking business, was the most negatively impacted by the Fed's scenario but still remained more than well capitalized under the Fed's qualifications (AP Photo/Mark Lennihan, File)
June 21, 2019 - 2:27 pm
NEW YORK (AP) — All 18 of the nation's largest and most complex banks are strong enough to withstand a severe economic downturn and would be able to stay in business without collapsing, the Federal Reserve said Friday. The results are from the first round of the central bank's annual stress tests,...
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Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, June 21, 2019. Shares retreated in Asia on Friday after a broad rally for stocks drove the S&P 500 index to an all-time high as weak manufacturing data from Japan helped dampen investor sentiment. (AP Photo/Ahn Young-joon)
June 21, 2019 - 12:41 am
BANGKOK (AP) — Shares retreated in Asia on Friday after a broad rally for stocks drove the S&P 500 index to an all-time high, as weak manufacturing data from Japan helped dampen investor sentiment. Japan's Nikkei 225 index lost 1.0% to 21,258.64 and the Hang Seng in Hong Kong dropped 0.5% to 28...
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Trader Joseph Lawler works on the floor of the New York Stock Exchange, Thursday, June 20, 2019. (AP Photo/Richard Drew)
June 20, 2019 - 8:36 am
NEW YORK (AP) — An early surge on the stock market Thursday put the S&P 500 index within range of another record high. The S&P 500 rose 0.6% as of 11:20 a.m. Eastern time and was slightly below the record close it reached April 30. The index has now erased most of its losses from May, when...
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Chinese investors monitor stock prices at a brokerage house in Beijing, Thursday, June 20, 2019. Asian shares were higher on Thursday, with the Shanghai benchmark up 2.6%, after the Federal Reserve reaffirmed that it’s prepared to cut interest rates if needed to shield the U.S. economy from trade conflicts or other threats. (AP Photo/Mark Schiefelbein)
June 20, 2019 - 12:59 am
BANGKOK (AP) — Asian shares are higher with the Shanghai benchmark up 2.4% on hopes that a meeting between President Donald Trump and his counterpart Xi Jinping next week might help ease trade tensions. The Thursday tracked modest gains on Wall Street. Tokyo's Nikkei 225 index added 0.6% to 21,462...
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Peter Tuchman, center, works with fellow traders on the floor of the New York Stock Exchange, Wednesday, June 19, 2019. Investors are in wait-and-see mode hours ahead of a widely anticipated Federal Reserve decision on interest rates. (AP Photo/Richard Drew)
June 19, 2019 - 9:34 am
NEW YORK (AP) — U.S. stocks moved sideways in afternoon trading Wednesday on Wall Street ahead of a highly anticipated Federal Reserve statement on interest rates. The muted trading follows two days of gains that are driving a June rebound in stocks after a dismal sell-off in May. The broad S&P...
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