Central banking

Federal Reserve Board Chair Jerome Powell speaks at a news conference following a two-day meeting of the Federal Open Market Committee, Wednesday, Sept. 18, 2019, in Washington. (AP Photo/Patrick Semansky)
September 18, 2019 - 1:03 pm
The Federal Reserve has cut its benchmark interest rate again, big news for the U.S. economy but something that will likely have a muted impact on Americans' personal finances, experts say. That's because the reduction doesn't offset the increases of recent years. And as the key rate creeps closer...
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FILE - In this July 31, 2019, file photo Federal Reserve Chairman Jerome Powell speaks during a news conference following a two-day Federal Open Market Committee meeting in Washington. On Wednesday, Sept. 18, the Federal Reserve releases its latest monetary policy statement. (AP Photo/Manuel Balce Ceneta, File)
September 18, 2019 - 11:10 am
WASHINGTON (AP) — A sharply divided Federal Reserve cut its key benchmark interest rate for a second time this year while saying it's prepared to continue doing what it deems necessary to sustain the U.S. economic expansion. The Fed's move will reduce its benchmark rate by an additional quarter-...
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FILE - In this July 31, 2019, file photo Federal Reserve Chairman Jerome Powell speaks during a news conference following a two-day Federal Open Market Committee meeting in Washington. On Wednesday, Sept. 18, the Federal Reserve releases its latest monetary policy statement. (AP Photo/Manuel Balce Ceneta, File)
September 18, 2019 - 11:09 am
WASHINGTON (AP) — The Latest on the Federal Reserve's monetary policy meeting (all times local): 2:05 Federal Reserve officials are divided on the future path for their benchmark interest rate. After cutting rates for the second time this year on Wednesday, forecasts show that seven out of 17...
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Floor governor Michael Smyth works at the New York Stock Exchange, Wednesday, Sept. 18, 2019. The Federal Reserve is expected to announce its benchmark interest rate later in the day. (AP Photo/Mark Lennihan)
September 18, 2019 - 8:52 am
NEW YORK (AP) — The latest on developments in financial markets (all times local): 11:50 a.m. Stocks are lower at midday on Wall Street Wednesday ahead of the Federal Reserve's latest decision on interest rates. Investors are expecting a small cut to rates and will be watching for any clues about...
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Stock traders John Santiago, left, and Paul Cosentino work at the New York Stock Exchange, Wednesday, Sept. 18, 2019. The Federal Reserve is expected to announce its benchmark interest rate later in the day. (AP Photo/Mark Lennihan)
September 18, 2019 - 8:19 am
NEW YORK (AP) — Stocks moved broadly lower on Wall Street in midday trading Wednesday ahead of a highly anticipated decision from the Federal Reserve on interest rates. The Fed is expected to cut its benchmark interest for a second time this year. Close attention will be paid to any clues Fed...
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FILE - In this Sept. 13, 2019, file photo trader Timothy Nick, left, works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, Sept. 17. (AP Photo/Richard Drew)
September 17, 2019 - 8:58 am
NEW YORK (AP) — U.S. stocks stalled in midday trading Tuesday as investors await updates on oil output at a damaged Saudi Aramco facility and look ahead to a key interest rate decision from the Federal Reserve. Energy companies gave back some of Monday's gains as the price of oil retreated. U.S...
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FILE - In this Monday, April 10, 2017 file photo, the chief of the Ukrainian Central Bank Valeria Gontareva makes a statement on her resignation during a press conference in Kyiv, Ukraine. Police said in a statement on Tuesday Sept. 17, 2019, that they are investigating a suspected arson attack late Monday on the house of Valeria Gontareva outside the capital, Kyiv, in the third chilling incident concerning the banker. (AP Photo/Sergei Chuzavkov, File)
September 17, 2019 - 5:58 am
MINSK, Belarus (AP) — The home of Ukraine's former central bank chief has been burned to the ground, the third chilling incident involving the banker over the past few weeks. Police said in a statement Tuesday that they are investigating a suspected arson attack late Monday on the house of Valeria...
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FILE - In this July 31, 2019, file photo Federal Reserve Chairman Jerome Powell speaks during a news conference following a two-day Federal Open Market Committee meeting in Washington. Federal Reserve Chairman Jerome Powell said Friday, Sept. 6, 2019 that the Fed is not expecting a U.S. or global recession. But it is monitoring a number of uncertainties, including trade conflicts, and will "act as appropriate to sustain the expansion."(AP Photo/Manuel Balce Ceneta, File)
September 16, 2019 - 9:37 am
WASHINGTON (AP) — For a second straight time, the Federal Reserve is set to cut interest rates this week to try to protect the economy from the consequences of a global slowdown and President Donald Trump's trade war with China. After that, no one — not even the Fed itself — seems sure what it will...
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John Wilson, with the New York Stock Exchange, monitors stock activity, Monday, Sept. 16, 2019. Global stock markets sank Monday after crude prices surged following an attack on Saudi Arabia's biggest oil processing facility. (AP Photo/Mark Lennihan)
September 16, 2019 - 8:36 am
NEW YORK (AP) — Stock markets around the world took an apprehensive step backward Monday after an attack on Saudi Arabia's biggest oil processing facility sent the price of oil surging. The attack, which Yemeni rebels said they were behind, raised worries about the risk of more disruptions for oil...
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FILE - In this March 2, 2018 file photo, a worker cleans big machine parts of presses manufacturer Schüler AG in Goeppingen, Germany. German factory orders, a leading indicator of the health of Europe's biggest economy, dropped strongly in July, erasing gains from the previous month. The Federal Statistical Office reported Thursday industrial orders dropped 2.7% in July over June when adjusted for seasonal and calendar factors, wiping out a 2.7% June increase. (Marijan Murat/dpa via AP)
September 12, 2019 - 5:06 am
FRANKFURT, Germany (AP) — The European Central Bank on Thursday delivered a new blast of monetary stimulus to help the economy in the face of uncertainties like the U.S.-China trade conflict and Brexit. The central bank for the 19 countries that use the euro cut the rate on deposits it takes from...
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