Monetary policy

(AP Photo/Lee Jin-man)
July 07, 2019 - 11:38 pm
BEIJING (AP) — Asian stocks tumbled Monday after relatively strong U.S. employment data tempered hopes the Federal Reserve might cut interest rates. Benchmarks in Shanghai, Tokyo, Seoul and Hong Kong all declined. Fed leaders have said they are ready to cut rates to support economic growth amid a...
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July 06, 2019 - 5:18 am
ISTANBUL (AP) — Turkey's president has fired the central bank governor amid the country's economic downturn. Murat Cetinkaya was replaced by Murat Uysal, the deputy governor, in a presidential decree published Saturday. President Recep Tayyip Erdogan has the authority to make such appointments,...
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FILE - This Feb. 5, 2018, file photo shows the seal of the Board of Governors of the United States Federal Reserve System in the ground at the Marriner S. Eccles Federal Reserve Board Building in Washington. Economist Judy Shelton, tapped by President Donald Trump for a seat on the Federal Reserve board, says she does not favor credit tightening by the Federal Reserve that would harm investors. In a CNBC interview on Friday, July 5, 2019, Shelton sought to align her past criticism of the Fed’s record low interest rates during the Obama administration with the current attacks by Trump on Fed rate hikes.(AP Photo/Andrew Harnik, File)
July 05, 2019 - 4:16 pm
WASHINGTON (AP) — Economist Judy Shelton, tapped by President Donald Trump for a seat on the Federal Reserve board, said on Friday she does not favor credit tightening by the Federal Reserve that would harm investors. In a CNBC interview, Shelton sought to align her past criticism of the Fed's...
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In this Tuesday, June 4, 2019 photo, job applicants line up at the Seminole Hard Rock Hotel & Casino Hollywood during a job fair in Hollywood, Fla. On Friday, July 5, the U.S. government issues the June jobs report. (AP Photo/Wilfredo Lee)
July 05, 2019 - 11:20 am
WASHINGTON (AP) — U.S. employers sharply stepped up their hiring in June, adding a robust 224,000 jobs, an indication of the economy's durability after more than a decade of expansion. The strength of the jobs report the government issued Friday could complicate a decision for the Federal Reserve...
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July 05, 2019 - 11:05 am
WASHINGTON (AP) — The Federal Reserve repeats its pledge to "act as appropriate" to sustain the current economic expansion, now the longest in U.S. history, while noting that most Fed officials have lowered their expectations for the future course of interest rates. The Fed's statement on interest...
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In this June 18, 2019, photo, a woman walks by an electronic stock board of a securities firm in Tokyo. Asian stocks fell Friday as investors waited for American employment data and details of U.S.-Chinese trade talks. (AP Photo/Koji Sasahara)
July 05, 2019 - 7:19 am
BEIJING (AP) — Asian stocks advanced Friday while European markets opened lower as investors waited for U.S. jobs data that could help determine whether, or how soon, the Federal Reserve cuts interest rates. Analysts expect a solid 165,000 increase in the monthly non-farm payrolls for June, and a...
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Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, July 4, 2019. Shares opened higher in Asia on Thursday after U.S. stocks closed broadly higher, sending the S&P 500 and other major indexes to record highs.(AP Photo/Ahn Young-joon)
July 05, 2019 - 12:28 am
BEIJING (AP) — Asian stocks fell Friday as investors waited for American employment data and details of U.S.-Chinese trade talks. Benchmarks in Shanghai, Tokyo and Hong Kong fell while Australia edged up. Investors looked ahead to monthly U.S. jobs data due out Friday, which are expected to be a...
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July 03, 2019 - 11:44 am
WASHINGTON (AP) — President Donald Trump is accusing China and Europe of playing a "big currency manipulation game." He says the United States should match that effort, a move that directly contradicts official U.S. policy not to manipulate the dollar's value to gain trade advantages. In a tweet,...
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FILE - In this July 1, 2019, file photo specialist Erica Fredricks and trader Robert Charmak work on on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, July 2. (AP Photo/Richard Drew, File)
July 02, 2019 - 5:00 pm
Stocks shook off an early wobble to eke out small gains Tuesday, nudging the S&P 500 index to an all-time high for the second straight day. Communications services, technology and consumer goods companies helped push the market higher. Those gains outweighed losses in energy and financial...
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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 02, 2019 - 1:01 am
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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