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US Fed slashes key interest rate, rolls out massive response to pandemic

Washington - Faced with a growing economic shutdown from the coronavirus pandemic, that could cause the US economy to contract, the US Federal Reserve on Sunday announced drastic emergency measures to shore up confidence and keep the financial sector running, inclu...

US Fed slashes key interest rate, rolls out massive response to pandemic

Washington - Faced with a growing economic shutdown from the coronavirus pandemic, the US Federal Reserve on Sunday announced drastic emergency measures to shore up confidence and keep the financial sector running, including slashing the key interest rate to virtua...

BoE slashes interest rate to 0.25% over coronavirus

London - The Bank of England on Wednesday slashed its main interest rate to 0.25 percent in an emergency move to combat the fallout from the coronavirus outbreak on the UK economy.

US economy solid, but virus could hit supplies: Fed's Clarida

Washington - The US economy is starting the year in a strong position but the virus outbreak in China has the potential to create drag, a top Federal Reserve official said Thursday.

Benefits of China trade truce 'limited': Fed officials

Washington - While US trade tensions with China have receded, Federal Reserve officials worry the danger to the economy is not over, according to minutes of the last policy meeting released Wednesday.

Benefits of China trade truce 'limited': Fed officials

Washington - While US trade tensions have receded, including with China, Federal Reserve officials worry the danger to the economy is not over, according to minutes of the last policy meeting released Wednesday.

Smooth-talking Lagarde faces first ECB grilling

Frankfurt Am Main - New European Central Bank president Christine Lagarde makes her first monetary policy announcements Thursday, with observers hunting for clues to her leadership style and the bank's response to stuttering eurozone growth.

Departing Draghi looks to bind wounds at ECB

Frankfurt Am Main - At his final press conference Thursday, departing European Central Bank president Mario Draghi will downplay differences among policymakers over September's big-bang stimulus package, hoping to limit their impact on the institution's effectiveness, ana...

Moment of truth for ECB on new round of stimulus

Frankfurt Am Main - After 2019 opened with hopes the European Central Bank could begin "normalising" policy after years of buttressing the eurozone, governors appear set for a fresh unconventional turn Thursday, under pressure from financial markets.

Lagarde signals plan to stick to Draghi's ECB expansionary path

Frankfurt Am Main - The ECB's next chief Christine Lagarde signaled Thursday that she would stick with Mario Draghi's controversial expansionary monetary policy that has propped up the eurozone economy amid growing risks to growth.

Fed's Powell vow to act to sustain US expansion, Trump lashes out

Washington - Federal Reserve Chair Jerome Powell vowed Friday to act to ensure that the US economic expansion continues, but admitted the central bank had limited tools to respond to an intensifying trade war.

Fed will act 'as appropriate' to sustain US expansion: Powell

Washington - Federal Reserve Chair Jerome Powell stressed Friday that the central bank will act to ensure the US economic expansion continues, even in the face of "significant risks" posed by slowing global growth.

Trump attacks, economic fears focus spotlight on Fed's Powell speech

Washington - When the leader of the Federal Reserve speaks, the world listens. But the relentless attacks by US President Donald Trump ensure Fed Chair Jerome Powell's speech Friday will be subjected to an even more intense spotlight.

Trump attacks, economic fears focus spotlight on Fed's Powell speech

Washington - When the leader of the Federal Reserve speaks, the world listens. But the relentless attacks by US President Donald Trump ensure Fed Chair Jerome Powell's speech Friday will be subjected to an even more intense spotlight.

Brazil's central bank cuts interest rates to record low

Bras - Brazil's central bank slashed interest rates to a record low on Wednesday in response to the worsening outlook for Latin America's biggest economy.The bank cut its main rate to six percent from the previous historic low of 6.

ECB set to sketch path for new stimulus

Frankfurt Am Main - The European Central Bank is likely to point Thursday to a cut in interest rates in September, analysts say, although recent hints about kick-starting sluggish growth and inflation might even bring forward a move to this week.

ECB under pressure to ease growth, inflation fears

Vilnius - European Central Bank chief Mario Draghi is expected to outline plans on Thursday to offer fresh assistance to banks and hint at further options to counteract rising worries about growth and inflation in the eurozone.

US business debt a 'moderate' economic risk: US Fed's Powell

Washington - The American private sector's mounting debts pose a "moderate" risk to the world's largest economy, Federal Reserve Chairman Jerome Powell said Monday.

Independence has served central banks well: IMF's Lagarde

Washington - Government respect for the independence of central banks has served them well in their mission, International Monetary Fund chief Christine Lagarde said Saturday.

ECB to hold course as threats to growth linger

Frankfurt Am Main - The European Central Bank will hint Wednesday at moves to support the eurozone economy but stop short of new action, analysts expect, as the Frankfurt institution eyes lingering political risks.

Brazil central bank holds rates steady despite slowdown

Bras - Brazil's interest rates remained unchanged Wednesday after the central bank held its first monetary policy meeting under its new chief Roberto Campos Neto.

Fed's Powell: US inflation to fall further below 2% target

Washington - Despite solid growth and continuing job gains, the US economy will see inflation fall even further below the central bank's two percent goal, at least for a time, Federal Reserve Chairman Jerome Powell said Tuesday.

Fed's Powell: US inflation to fall further below 2% target

Washington - Despite solid growth and continuing job gains, the US economy will see inflation fall even further below the central bank's two percent goal, at least for a time, Federal Reserve Chairman Jerome Powell said Tuesday.

Fed says US growth easing as global risks rise

Washington - The Federal Reserve believes US growth will "step down" this year from last year's rapid pace amid rising global risks, including from tense trade relations, according to minutes released Wednesday.

US Federal Reserve to remain patient on interest rates

Washington - The Federal Reserve will make its first interest rate announcement of the year on Wednesday but almost certainly will make it clear it will remain patient about any further moves.

Fed poised to signal pause in US interest rate hikes

Washington - The US Federal Reserve will wade into a charged political atmosphere on Wednesday, with another interest rate hike likely but accompanied by a strong sign it will hold off on further increases.

Trump's barbs cast shadow over Fed meeting

Washington - The US central bank is set to open its two-day policy meeting on Tuesday and despite renewed attacks from President Donald Trump is expected to announce the fourth interest rate increase of 2018.

End of an era as ECB set to withdraw crisis-fighting stimulus

Frankfurt Am Main - A chapter of eurozone history will come to a close Thursday, with the European Central Bank widely expected to withdraw a key element of support for the economy while reassuring observers fearful of the growing risks.

Brazil central bank keeps interest rate on hold at 6.5%

Bras - Brazil's central bank kept its benchmark interest rate unchanged Wednesday at 6.5 percent, in its first meeting since far-right President-elect Jair Bolsonaro was elected with a pledge to slash government spending.

US firms face tariff-fueled price hikes, widespread labor shortages: Fed

Washington - US firms nationwide complain trade disputes with China and others are boosting the prices of key inputs, while they continue to face widespread labor shortages, the Federal Reserve said Wednesday.
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