Central banking

FILE - In this file photo taken Sunday, Jan. 1, 2017, a security guard wearing a protection mask against air pollution takes a rest near a bank window panel displaying the security markers on the latest Yuan note in Beijing. China's government on Tuesday, Oct. 9, 2018 promised not to weaken its currency to boost exports and rejected U.S. concern about the sagging yuan as groundless and irresponsible. (AP Photo/Andy Wong, File)
October 09, 2018 - 1:52 pm
BEIJING (AP) — China promised Tuesday not to weaken its currency to boost exports during a tariff fight with Washington and rejected U.S. concern about the yuan's sagging exchange rate as groundless and irresponsible. Beijing has no intention of using "competitive devaluation," said a foreign...
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October 09, 2018 - 12:48 pm
JERUSALEM (AP) — Israeli Prime Minister Benjamin Netanyahu has nominated a University of Pennsylvania business school professor to be the next chief of Israel's central bank. Netanyahu said Tuesday that Amir Yaron is "the most qualified for the position of Bank of Israel governor" and is "...
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October 02, 2018 - 12:48 pm
BOSTON (AP) — Federal Reserve Chairman Jerome Powell says he sees no need to drop the central bank's current gradual approach to raising interest rates. Powell says the current combination of steady, low inflation and very low unemployment show the country is going through "extraordinary times." He...
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The buildings of the banking district are illuminated by red clouds after sunset in Frankfurt, Germany, Tuesday, Sept. 25, 2018. (AP Photo/Michael Probst)
September 28, 2018 - 5:57 am
LONDON (AP) — Underlying inflation across the 19-country eurozone remains stubbornly low, official figures showed Friday, in what is likely to be a disappointment to policymakers at the European Central Bank who have been predicting a pick-up. Statistics agency Eurostat said Friday that the core...
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A Chinese investor monitors stock prices at a brokerage house in Beijing Friday, Sept. 28, 2018. Asian markets rebounded on Friday as strong U.S. economic data supported the Federal Reserve's decision to raise interest rates. (AP Photo/Mark Schiefelbein)
September 28, 2018 - 2:51 am
SINGAPORE (AP) — Asian markets rebounded on Friday as strong U.S. economic data supported the Federal Reserve's decision to raise interest rates. KEEPING SCORE: Hong Kong's Hang Seng index added 0.4 percent to 27,814.61. The Shanghai Composite Index gained 0.6 percent to 2,807.50. Australia's S...
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FILE- In this July 17, 2018, file photo Federal Reserve Board Chair Jerome Powell testifies before the Senate Committee on Banking, Housing, and Urban Affairs on "The Semiannual Monetary Policy Report to the Congress," at Capitol Hill in Washington. On Wednesday, Sept. 26, the Federal Reserve issues its latest policy statement and updates its interest-rate and economic projections before Powell holds a news conference. (AP Photo/Jose Luis Magana, FIle)
September 27, 2018 - 1:33 am
WASHINGTON (AP) — The Federal Reserve signaled its confidence Wednesday in the U.S. economy by raising a key interest rate for a third time this year, forecasting another rate hike before year's end and predicting that it will continue to tighten credit into 2020 to manage growth and inflation. The...
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FILE- In this July 17, 2018, file photo Federal Reserve Board Chair Jerome Powell testifies before the Senate Committee on Banking, Housing, and Urban Affairs on "The Semiannual Monetary Policy Report to the Congress," at Capitol Hill in Washington. On Wednesday, Sept. 26, the Federal Reserve issues its latest policy statement and updates its interest-rate and economic projections before Powell holds a news conference. (AP Photo/Jose Luis Magana, FIle)
September 26, 2018 - 2:58 pm
WASHINGTON (AP) — The Latest on the Federal Reserve's monetary policy meeting (all times local): 2:50 p.m. Federal Reserve Chairman Jerome Powell says that Fed policymakers' decisions haven't been affected by political considerations. President Donald Trump expressed concern last month with the Fed...
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An investor walks in front of trading boards at a private stock market gallery in Kuala Lumpur, Malaysia, Wednesday, Sept. 26, 2018. Asian markets rose on Wednesday as traders waited for the U.S. Federal Reserve to raise interest rates for the third time this year, a signal that the country’s economic growth was on track. (AP Photo/Yam G-Jun)
September 26, 2018 - 5:29 am
SINGAPORE (AP) — European markets were flat Wednesday following a day of gains in Asia as traders awaited an expected interest rate hike by the U.S. Federal Reserve. KEEPING SCORE: In Europe, France's CAC 40 added 0.2 percent to 5,488.09 and Germany's DAX fell 0.1 percent to 12,363.79. Britain's...
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The buildings of the banking district are illuminated by red clouds after sunset in Frankfurt, Germany, Tuesday, Sept. 25, 2018. (AP Photo/Michael Probst)
September 26, 2018 - 4:01 am
FRANKFURT, Germany (AP) — Economists at the European Central Bank simulated a wide-ranging global trade war and found it would cost the United States significant amounts of growth, while China might not be hit so badly. The researchers conclude that "an escalation of trade tensions could have...
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FILE- In this July 17, 2018, file photo Federal Reserve Board Chair Jerome Powell testifies before the Senate Committee on Banking, Housing, and Urban Affairs on "The Semiannual Monetary Policy Report to the Congress," at Capitol Hill in Washington. On Wednesday, Sept. 26, the Federal Reserve issues its latest policy statement and updates its interest-rate and economic projections before Powell holds a news conference. (AP Photo/Jose Luis Magana, FIle)
September 26, 2018 - 3:28 am
WASHINGTON (AP) — The Federal Reserve is set Wednesday to raise interest rates for a third time this year and possibly modify the likely direction of rates in the months ahead. The big question is whether the strong U.S. economy, which has been fueled this year by tax cuts and increased government...
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