Monetary policy

A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, July 25, 2019. Asian shares have rallied after the S&P 500 and Nasdaq closed at record highs. South Korea’s Kospi sank early Thursday after North Korea launched two short range missiles into the sea. (AP Photo/Ahn Young-joon)
July 25, 2019 - 8:26 am
BANGKOK (AP) — World stocks turned higher Tuesday after the European Central Bank signaled it could cut interest rates or provide other forms of monetary stimulus to help the economy. The ECB, which sets interest rates for the 19 countries that use the euro, hinted it could cut rates in coming...
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A window cleaner waves as he takes a break from repelling down the side of a high-rise building in Istanbul, Monday, July 15, 2019. (AP Photo/Lefteris Pitarakis)
July 25, 2019 - 7:19 am
ANKARA, Turkey (AP) — Turkey's central bank has slashed the key interest deeply, by 4.25 percentage points, in a first monetary policy meeting under its new governor. The interest rate was cut Thursday to 19.75% from 24%. President Recep Tayyip Erdogan dismissed the previous governor, Murat...
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FILE - In this Wednesday, June 19, 2019, file photo, a cargo ship is docked at the Port of Los Angeles, in Los Angeles. The International Monetary Fund is downgrading its outlook for the world economy because of simmering international trade tensions. But at the same time, the fund is slightly boosting its forecast for U.S. economy in 2019, citing expectations that the Federal Reserve will cut interest rates. (AP Photo/Marcio Jose Sanchez, File)
July 23, 2019 - 10:56 am
WASHINGTON (AP) — The International Monetary Fund is downgrading its outlook for the world economy because of simmering international trade tensions. But at the same time, the fund is boosting its forecast for U.S. economy this year, citing expectations that the Federal Reserve will cut interest...
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Trader Fred Reimer works on the floor of the New York Stock Exchange, Friday, July 19, 2019. U.S. stocks moved broadly higher in early trading on Wall Street Friday and chipped away at the week's losses. (AP Photo/Richard Drew)
July 21, 2019 - 10:10 pm
TOKYO (AP) — Asian shares were mostly lower Monday after Wall Street ended last week lower as investors continue to watch for what may be in store for U.S. interest rates. Japan's Nikkei 225 slipped 0.2% in early trading to 21,415.51. Australia's S&P/ASX 200 was little changed but a tad lower...
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French Finance Minister Bruno Le Maire, left, shakes hands with US Treasury Secretary Steve Mnuchin next to German Finance Minister Olaf Scholz, background left, during a meeting at the G-7 Finance in Chantilly, north of Paris, on Thursday, July 18, 2019. (AP Photo/Michel Euler)
July 18, 2019 - 6:37 am
CHANTILLY, France (AP) — Top finance officials from the Group of Seven rich democracies are warning that cryptocurrencies like Facebook's Libra should not come into use before "serious regulatory and systemic concerns" are addressed. The chairman's concluding summary from the G-7 meeting in...
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Bank of Korea Gov. Lee Ju-yeol speaks during a press conference in Seoul, South Korea, Thursday, July 18, 2019. South Korea's central bank on Thursday cut its policy rate for the first time in three years to combat a faltering economy that faces further risks from a heated trade dispute with Japan. (AP Photo/Ahn Young-joon)
July 18, 2019 - 3:25 am
SEOUL, South Korea (AP) — South Korea's central bank on Thursday cut its policy rate for the first time in three years to shore up growth threatened by a trade dispute with Japan. The Bank of Korea lowered its key interest rate by a quarter percentage point to 1.50% following a meeting of its...
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FILE - In this June 6, 2019, file photo specialist John Parisi, left, works with traders on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, July 12. (AP Photo/Richard Drew, File)
July 12, 2019 - 3:29 pm
NEW YORK (AP) — U.S. stocks were modestly higher in afternoon trading on Friday, as declines in health care stocks were offset by gains in technology, consumer discretionary and industrial company stocks. The gains came a day after the Dow Jones Industrial Average closed above 27,000 points for the...
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A man walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, July 12, 2019. Shares in Asia are mostly higher after a turbulent day on Wall Street ended with the Dow Jones Industrial Average closing above 27,000 for the first time. (AP Photo/Eugene Hoshiko)
July 12, 2019 - 3:22 am
BANGKOK (AP) — Shares were mostly higher in Asia on Friday after a turbulent day on Wall Street ended with the Dow Jones Industrial Average closing above 27,000 for the first time. Japan's Nikkei 225 index rose 0.2% to 21,685.90 and the Hang Seng in Hong Kong added 0.2% to 28,477.83. The Shanghai...
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Federal Reserve Chair Jerome Powell presents the monetary policy report to the Senate Banking Committee, July 11, 2019, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)
July 11, 2019 - 3:34 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell, testifying for a second day before Congress, said Thursday that the economy is in a "very good place" despite headwinds and that the Fed is prepared to do what it can to "keep it there." Powell's comments before the Senate Banking Committee...
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FILE - In this June 18, 2019, file photo specialist Dilip Patel works at his post on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Wednesday, July 10. (AP Photo/Richard Drew, File)
July 10, 2019 - 11:46 am
Stocks moved higher Wednesday as Wall Street welcomed new signals from the Federal Reserve that the central bank is ready to cut interest rates for the first time in a decade. Fed Chairman Jerome Powell said that many Fed officials believe a weakening global economy and rising trade tensions have...
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