Central banking

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. Powell says the United States needs to find ways to address a decades-long slowdown in income growth and upward economic mobility. (AP Photo/Patrick Semansky, File)
May 09, 2019 - 11:03 am
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Thursday the United States needs to find ways to address a decades-long slowdown in income growth and upward economic mobility. In a speech at a Fed research conference, Powell said that incomes have grown more slowly for middle-class...
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FILE - In this April 11, 2019, file photo trader John Panin works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, May 7. (AP Photo/Richard Drew, File)
May 07, 2019 - 3:38 pm
The Dow Jones Industrial Average tumbled more than 470 points Tuesday amid a broad sell-off on Wall Street as the U.S. and China moved closer to an escalation of their already costly trade war. The U.S. was set to impose higher tariffs on China on Friday, a day after representatives from both...
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May 02, 2019 - 7:18 am
LONDON (AP) — The British economy is likely to weaken as firms ease up on Brexit preparations now that the departure from the European Union has been delayed by months, the Bank of England said Thursday. In forecasts published alongside the unanimous decision to keep the main interest rate at 0.75...
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An investor stands in front of stock trading boards at a private stock market gallery in Kuala Lumpur, Malaysia, Thursday, May 2, 2019. Asian stocks were mixed on Thursday after the U.S. Federal Reserve kept its benchmark interest rate intact and steered clear of suggesting that a cut was possible this year. Trading was light as markets in Japan and mainland China were closed. (AP Photo/Annice Lyn)
May 02, 2019 - 6:40 am
SINGAPORE (AP) — World stocks were mixed on Thursday after the U.S. Federal Reserve kept its benchmark interest rate intact and steered clear of suggesting that a cut was likely this year. As European traders returned from the May Day holiday, France's CAC 40 lost 0.4% to 5,561 while Germany's DAX...
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Specialist John Alatzas, left, and trader Michael Milano work on the floor of the New York Stock Exchange, Wednesday, May 1, 2019. Stocks are opening higher on Wall Street after several big U.S. companies reported earnings that were better than analysts were expecting. (AP Photo/Richard Drew)
May 01, 2019 - 10:56 pm
SINGAPORE (AP) — Asian stocks were mixed on Thursday after the U.S. Federal Reserve kept its benchmark interest rate intact and steered clear of suggesting that a cut was possible this year. Trading was light with markets in Japan and mainland China closed. Hong Kong's Hang Seng rose 0.4% to 29,829...
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FILE - In this March 20, 2019, file photo federal Reserve Chair Jerome Powell speaks during a news conference in Washington. On Wednesday, May 1, the Federal Reserve releases its latest monetary policy statement after a two-day meeting. (AP Photo/Susan Walsh, File)
May 01, 2019 - 2:10 pm
WASHINGTON (AP) — The Latest on the Federal Reserve's monetary policy meeting (all times local): 3:05 p.m. Federal Reserve Chairman Jerome Powell avoided commenting on some controversial views voiced by President Trump's pick for the Fed's Board of Governors, Stephen Moore. Powell was asked if...
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FILE- In this Feb. 27, 2019, file photo Federal Reserve Board Chair Jerome Powell gestures while speaking before the House Committee on Financial Services hearing on Capitol Hill in Washington. On Wednesday, May 1, the Federal Reserve releases its latest monetary policy statement after a two-day meeting. (AP Photo/Pablo Martinez Monsivais, File)
May 01, 2019 - 1:08 pm
WASHINGTON (AP) — The Federal Reserve left its key interest rate unchanged Wednesday and signaled that no rate hikes are likely in coming months amid signs of renewed economic health but unusually low inflation. The Fed left its benchmark rate — which influences many consumer and business loans —...
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FILE - In this March 18, 2019, file photo trader Joseph Lawler works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, April 30. (AP Photo/Richard Drew, File)
April 30, 2019 - 4:05 pm
Wall Street capped a day of mostly wobbly trading with meager gains Tuesday, enough to nudge the S&P 500 to an all-time high for the third straight day. The benchmark index spent much of the day hovering below its previous high, but edged up in the last few minutes of trading. Household goods...
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Counselor to the President Kellyanne Conway speaks to members of the media outside the West Wing of the White House, Tuesday, April 16, 2019, in Washington. (AP Photo/Andrew Harnik)
April 30, 2019 - 12:39 pm
WASHINGTON (AP) — White House adviser Kellyanne Conway says the president is still backing conservative commentator Stephen Moore for a spot on the Federal Reserve board, and she adds she's not concerned about some of his controversial comments on women. Speaking to reporters on Tuesday, Conway...
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A currency trader walks by 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, Tuesday, April 30, 2019. Asian stock markets were mixed Tuesday after Wall Street hit a new high and Chinese factory grew in April but below the previous month's pace. (AP Photo/Lee Jin-man)
April 30, 2019 - 6:43 am
LONDON (AP) — Global stock markets drifted lower Tuesday after Chinese factory activity came in weaker than expected and raised concerns about the state of the world's number 2 economy. Monthly gauges of Chinese manufacturing from a business magazine and an industry group showed activity grew in...
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