European Central Bank ready to act if trouble hits economy

Europe 03/27/19, 04:39

The European Central Bank is ready to take further action to help the economy if the outlook takes a sudden turn for the worse, President Mario Draghi said Wednesday.Draghi told a conference that the bank would take "all the monetary policy actions that are necessary and proportionate" in addition to ...

Update: Markets cautious ahead of Fed statement

Business 03/20/19, 04:47

The Latest on the Federal Reserve's monetary policy meeting (all times local):4:45 a.m.Stock markets are subdued ahead of a monetary policy statement by the U.S. Federal Reserve in which the central bank is expected to say it will be patient about raising interest rates further.Futures for the Dow and the ...

Update: European Central Bank cuts growth forecasts

Business 03/07/19, 08:45

The Latest on the European Central Bank's monetary policy meeting (all times local):2:45 p.m.The European Central Bank has slashed its forecast for economic growth and inflation in the 19-country eurozone.It now expects growth of 1.1 percent this year, down sharply from its earlier forecast for 1.7 percent. Inflation is also ...

Fed will be ‘patient’ in rate hikes amid global growth woes

Business 02/22/19, 11:12

The Federal Reserve said Friday that in light of a slowing global economy and last year's financial market turmoil, the central bank intends to remain "patient" in determining when to make future changes in its benchmark interest rate. The Fed's semi-annual report to Congress on monetary policy stood in contrast to ...

India’s central bank lowers key lending rate to 6.25 percent

Business 02/07/19, 03:20

India's central bank on Thursday lowered its key interest rate by a quarter of a percentage point to 6.25 percent, a step that is expected to boost the economy. The interest rate is what the federal bank charges on lending to commercial banks. Lower interest rates help borrowers but can also ...

Update: Fed to be ‘patient’ with rate hikes

U.S. 01/30/19, 14:05

The Latest on the Federal Reserve's monetary policy meeting (all times local):2 p.m.The Federal Reserve says it will be patient in deciding any changes to short term interest rates, a sign that the U.S. central bank has become cautious after raising rates four times in 2018.Fed officials ended a two-day ...

Asian shares recover as China outlines 2019 policy plans

Business 01/15/19, 01:51

Asian markets bounced back from slight early losses on Tuesday after senior economic officials said Beijing will cut taxes and keep monetary policy flexible to help weather China's slowdown.KEEPING SCORE: Japan's Nikkei 225 index, reopening after a market holiday, added 1 percent to 20,555.29. The Kospi in South Korea jumped ...

China to cut taxes, keep policy flexible to counter slowdown

Business 01/15/19, 01:11

China plans to slash taxes, step up spending and provide ample financing to private and small enterprises to help counter the country's worst slowdown since the global financial crisis and the impact of a bruising trade war with the U.S. The People's Bank of China is confident it can keep the ...

Update: Markets edge up as investors eye Fed decision

Business 12/19/18, 05:48

The Latest on the Federal Reserve's monetary policy meeting (all times local):5:45 a.m.Stock markets are up slightly as investors look ahead of an expected rate hike by the Federal Reserve.After a mixed performance in Asia, European indexes were up modestly and futures pointed to gains on Wall Street later Wednesday. ...

Fed announces wide-ranging review of its practices

Business 11/15/18, 15:58

The Federal Reserve announced Thursday that it plans to conduct a wide-ranging review next year of the strategies and tools it uses to achieve its congressionally mandated goals of maximum employment and price stability.The Fed said the review will also examine ways it communicates with the public."With labor market conditions ...

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