Monetary policy

August 17, 2018 - 9:46 pm
CARACAS, Venezuela (AP) — Venezuelan President Nicolas Maduro raised wages for the fifth time this year and said he wanted to peg prices to the nation's fledgling cryptocurrency as part of a package of measures that economists say is likely to accelerate hyperinflation. Maduro made the announcement...
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Trader Michael Capolino works on the floor of the New York Stock Exchange, Friday, Aug. 10, 2018. Stocks are opening moderately lower on Wall Street following steeper losses in Europe, where investors worried about a sharp drop in Turkey's currency. (AP Photo/Richard Drew)
August 10, 2018 - 3:52 pm
NEW YORK (AP) — Stocks in the U.S. and Europe skidded Friday as investors worried about the financial stability of Turkey and how it might affect the global banking system. Turkish President Recep Tayyip Erdogan has accumulated more and more control over the country's central bank as well as its...
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August 06, 2018 - 12:38 am
BEIJING (AP) — China has tightened controls on trading in its yuan to discourage speculators after a decline against the dollar amid a tariff dispute with Washington fueled fears of a damaging outflow of capital from the world's second-largest economy. Traders must post a 20 percent deposit...
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People walk past an electronic board showing Hong Kong share index outside a bank in Hong Kong, Thursday, Aug. 2, 2018. Share benchmarks in Asia are sliding, tracking losses overnight on Wall Street, where investors sold industrial stocks following reports that the Trump administration is considering a higher tax rate on Chinese imports. (AP Photo/Kin Cheung)
August 02, 2018 - 6:50 am
BANGKOK (AP) — World stocks were falling again Thursday on reports that the Trump administration is considering a higher tax rate on Chinese imports, increasing the stakes in the economic powers' trade war. KEEPING SCORE: The DAX index in export-reliant Germany tumbled 1.6 percent to 12,534 and the...
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August 02, 2018 - 6:03 am
LONDON (AP) — The Bank of England raised its main interest rate Thursday for only the second time since the 2008 financial crisis as it weighed a strong jobs market and high inflation against growing concerns about Brexit. The bank's nine-member Monetary Policy Committee voted unanimously to raise...
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A screen on the floor of the New York Stock Exchange shows the rate decision of the Federal Reserve, Wednesday, Aug. 1, 2018. The Federal Reserve is leaving its benchmark interest rate unchanged while signaling further gradual rate hikes in the months ahead as long as the economy stays healthy. (AP Photo/Richard Drew)
August 01, 2018 - 3:31 pm
NEW YORK (AP) — Apple surged to its biggest gain in a year and a half Wednesday and drew closer to $1 trillion in value after it reported stronger iPhone sales and rising prices. But losses for energy and industrial companies left major stock indexes lower. Already the most valuable company in the...
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August 01, 2018 - 5:14 am
NEW DELHI (AP) — India's central bank has raised its key interest rate by a quarter of a percentage point to 6.5 percent, saying that global growth has become uneven and risks to the outlook have increased with rising trade tensions. The second interest hike since January 2014 was announced by the...
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FILE - This Wednesday, Aug. 2, 2017, file photo shows the Federal Reserve Building on Constitution Avenue in Washington. The Federal Reserve is likely to point to strong growth in the economy, low unemployment and rising inflation as reasons to keep on its current path of gradually raising interest rates. The Fed's statement at the end of its two-day meeting will be released Wednesday afternoon, Aug. 1, 2018, in the form of a brief policy statement. (AP Photo/Pablo Martinez Monsivais, File)
August 01, 2018 - 12:17 am
WASHINGTON (AP) — When the Federal Reserve wraps up its latest meeting, it will likely point to strong economic growth, low unemployment and rising inflation as reasons to stay on a path of gradually lifting interest rates. It is unlikely, however, to make any interest rate moves Wednesday. The Fed...
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Trader Michael Capolino, left, works on the floor of the New York Stock Exchange, Monday, July 30, 2018. Stocks are off to a mixed start on Wall Street as gains in banks and energy companies are offset by losses in other sectors. (AP Photo/Richard Drew)
July 30, 2018 - 1:52 pm
NEW YORK (AP) — Technology stocks are falling again Monday as recent Wall Street favorites like Twitter, Alphabet and Facebook extend their losses from last week. It's a sharp turnaround for a group that has long been the stock market's undisputed leader. Energy companies are climbing with oil...
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Treasury Secretary Steve Mnuchin, left, and Director of the Office of Management and Budget Mick Mulvaney listen as President Donald Trump delivers remarks about the economy on the South Lawn of the White House, Friday, July 27, 2018, in Washington. (AP Photo/Evan Vucci)
July 29, 2018 - 6:07 pm
WASHINGTON (AP) — President Donald Trump's top economic policymakers insisted Sunday that the robust growth marked in the April-June quarter will maintain its pace and that he respects the Federal Reserve's independence despite his condemnation of the central bank for raising interest rates. "We as...
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