Central banking

FILE - In this June 4, 2019, file photo Federal Reserve Chairman Jerome Powell speaks at a conference involving its review of its interest-rate policy strategy and communications in Chicago. The slightest hint that the Federal Reserve might lower interest rates often puts investors in a buying mood, stoking their expectations of greater stock market returns. But it doesn’t always work that way. (AP Photo/Kiichiro Sato, File)
June 19, 2019 - 2:05 am
WASHINGTON (AP) — The Latest on the Federal Reserve's monetary policy meeting (all times local): 5:05 a.m. Stock markets are subdued as investors look ahead to the U.S. Federal Reserve's policy meeting, where the central bank is expected to indicate it could cut interest rates in coming months...
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A currency trader talks near the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room in Seoul, South Korea, Wednesday, June 19, 2019. Asian shares were mostly higher Wednesday on optimism about trade after President Donald Trump said he will talk with the Chinese leader later this month in Japan.(AP Photo/Lee Jin-man)
June 19, 2019 - 12:01 am
TOKYO (AP) — Asian shares were mostly higher Wednesday on optimism about trade after President Donald Trump said he will talk with the Chinese leader later this month in Japan. Japan's benchmark Nikkei 225 added 1.7% to finish at 21,333.87. Australia's S&P/ASX 200 rose 1.2% to 6,648.10. South...
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FILE - In this June 4, 2019, file photo Federal Reserve Chairman Jerome Powell speaks at a conference involving its review of its interest-rate policy strategy and communications in Chicago. On Wednesday, June 19, the Federal Reserve releases its latest monetary policy statement and updated economic projections. (AP Photo/Kiichiro Sato, File)
June 18, 2019 - 9:05 pm
WASHINGTON (AP) — The Federal Reserve seems poised to pivot from keeping interest rates steady to holding out the option of cutting rates if it were to decide that the economic expansion needs support. The Fed isn't considered ready to announce that it's reducing rates for the first time in more...
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Trader Neil Catania works on the floor of the New York Stock Exchange, Tuesday, June 18, 2019. Stocks are opening higher on Wall Street following big gains in Europe after the head of the European Central Bank said it was ready to cut interest rates and provide more economic stimulus if necessary. (AP Photo/Richard Drew)
June 18, 2019 - 10:06 am
NEW YORK (AP) — Stocks rose sharply on Wall Street Tuesday as traders cheered news that the leaders of the U.S. and China will meet face-to-face next week to discuss their long-running trade dispute. President Donald Trump said he will hold talks with Chinese President Xi Jinping at an...
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International Monetary Fund (IMF) Managing Director Christine Lagarde, right, and European Central Bank (ECB) President Mario Draghi, left, speak prior to G20 Finance Ministers' and Central Bank Governors' Meeting Saturday, June 8, 2019, in Fukuoka, western Japan. (AP Photo/Eugene Hoshiko, Pool)
June 18, 2019 - 1:54 am
FRANKFURT, Germany (AP) — European Central Bank President Mario Draghi says that the eurozone's monetary authority stands ready to cut interest rates and could re-start its bond purchase stimulus program if the economy needs it. Draghi said in a speech Tuesday at a conference in Sintra, Portugal,...
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A man walks by an electronic stock board of a securities firm in Tokyo, Tuesday, June 18, 2019. Stocks in Asia mostly advanced Tuesday ahead of interest rate decisions by the U.S. Federal Reserve and other central banks. (AP Photo/Koji Sasahara)
June 17, 2019 - 11:45 pm
SINGAPORE (AP) — Asian stocks were mixed on Tuesday as caution set in ahead of interest rate decisions by the U.S. Federal Reserve and other central banks. Japan's benchmark Nikkei 225 eased 0.7% to 20,972.71 while South Korea's Kospi rose 0.4% to 2,098.71. Hong Kong's Hang Seng picked up 0.9% to...
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FILE - In this June 4, 2019, file photo Federal Reserve Chairman Jerome Powell speaks at a conference involving its review of its interest-rate policy strategy and communications in Chicago. On Wednesday, June 19, the Federal Reserve releases its latest monetary policy statement and updated economic projections. (AP Photo/Kiichiro Sato, File)
June 17, 2019 - 8:59 am
WASHINGTON (AP) — Jerome Powell has tantalized the financial world with the prospect that the Federal Reserve he leads may soon cut interest rates for the first time in over a decade. Probably not quite yet, though. When the Fed issues a policy statement Wednesday and Powell holds a news conference...
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International Monetary Fund (IMF) Managing Director Christine Lagarde, right, and European Central Bank (ECB) President Mario Draghi, left, speak prior to G20 Finance Ministers' and Central Bank Governors' Meeting Saturday, June 8, 2019, in Fukuoka, western Japan. (AP Photo/Eugene Hoshiko, Pool)
June 13, 2019 - 2:07 am
FRANKFURT, Germany (AP) — The European Central Bank says the euro has gained ground on the dollar as a global currency used for government reserves, rebounding from historic lows as U.S. sanctions deter some country's use of the U.S. currency. The dollar, however, remains by far the dominant...
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Federal Reserve Chairman Jerome Powell talks with U.S. Treasury Secretary Steven Mnuchin during the G20 Finance Ministers and Central Bank Governors Meeting, Saturday, June 8, 2019, in Fukuoka, Japan. (Kim Kyung-hoon/Pool Photo via AP)
June 10, 2019 - 11:30 am
WASHINGTON (AP) — President Donald Trump complained Monday that President Xi Jinping enjoys a major advantage in the U.S.-China trade war in that he controls China's central bank while Trump must deal with a Federal Reserve that is "very destructive to us." Trump made clear in an interview with...
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U.S. Treasury Secretary Steven Mnuchin, left, talks with China's Central Bank Governor Yi Gang during the G20 Finance Ministers and Central Bank Governors Meeting, Saturday, June 8, 2019, in Fukuoka, Japan. (Kim Kyung-hoon/Pool Photo via AP)
June 08, 2019 - 11:44 pm
FUKUOKA, Japan (AP) — The Latest on a meeting of financial leaders of the Group of 20 major economies (all times local): 3:40 p.m. U.S. Treasury Secretary Steven Mnuchin says he held a constructive meeting with the head of China's central bank and that their discussion on trade issues was "candid...
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