Monetary policy

1010 WINS Newsroom
October 11, 2019 - 1:39 pm
WASHINGTON (AP) — The Federal Reserve said Friday that it will buy short-term Treasury bills each month until the second quarter of 2020 to inject cash into the banking system and make it easier to control its benchmark lending rate. The action marks the Fed's latest response to a shortage of cash...
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Federal Reserve Chairman Jerome Powell speaks at the National Association for Business Economics conference in Denver on Tuesday, Oct. 8, 2019. Powell said that U.S. job growth since early last year was not as robust as thought, a hint that the Fed may be ready to keep cutting interest rates to support the economy. Downward revisions to the government's hiring data, announced in August, suggest less upward pressure on wages and inflation. (AP Photo/Thomas Peipert)
1010 WINS Newsroom
October 08, 2019 - 5:04 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Tuesday that U.S. job growth since early last year was not as robust as thought, a hint that the Fed may be ready to keep cutting interest rates to support the economy. Powell also said the Fed will soon announce plans to buy Treasurys,...
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FILE - In this May 23, 2019, file photo, customers shop near a section selling Marvel Avengers toys by American toymaker Hasbro at a toy store in Beijing. The nation's business economists think President Donald Trump's trade war with China will contribute to a sharp slowdown in economic growth this year and next, raising concerns about a possible recession starting late next year. (AP Photo/Andy Wong, File)
1010 WINS Newsroom
October 07, 2019 - 3:37 am
WASHINGTON (AP) — The nation's business economists think President Donald Trump's trade war with China will contribute to a sharp slowdown in economic growth this year and next, raising concerns about a possible recession starting late next year. The latest survey by a panel of 51 forecasters with...
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Federal Reserve Chairman Jerome Powell speaks before attending a panel at the Federal Reserve Board Building, Friday, Oct. 4, 2019, in Washington. (AP Photo/Jacquelyn Martin)
1010 WINS Newsroom
October 04, 2019 - 3:38 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Friday that the U.S. economy is facing some risks at the moment, but overall it is in a "good place" and the Fed's main job is to "keep it there as long as possible." Powell noted that unemployment is at a half-century low and inflation...
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Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Oct. 4, 2019. Asian stocks were mixed Friday after Wall Street rebounded on investor hopes for a U.S. interest rate cut. (AP Photo/Ahn Young-joon)
1010 WINS Newsroom
October 04, 2019 - 7:39 am
BEIJING (AP) — World shares were mixed Friday as investors turn their attention to the monthly U.S. jobs report after a series of gloomy economic news dampened investors’ outlook this week. London and Frankfurt opened higher and Tokyo rose, while Hong Kong declined. Chinese markets were closed for...
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Reserve Bank of India Governor Shaktikanta Das addresses a press conference in Mumbai, India, Friday, Oct. 4, 2019. India's central bank has cut its key interest by a quarter of a percentage point to 5.15%, a fifth consecutive reduction, and has also lowered its economic growth forecast for the 2019-2020 financial year to 6.1% from 6.9% projected earlier. (AP Photo/Rajanish Kakade)
1010 WINS Newsroom
October 04, 2019 - 5:03 am
NEW DELHI (AP) — India's central bank cut its key interest rate by a quarter of a percentage point on Friday to 5.15%, its fifth consecutive reduction. That’s the lowest the benchmark rate the Reserve Bank of India charges on lending to commercial banks, its so-called “repo rate,” has been since...
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FILE - In this Aug. 23, 2019, file photo pedestrians pass the New York Stock Exchange in New York. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, Oct. 3. (AP Photo/Frank Franklin II, File)
1010 WINS Newsroom
October 03, 2019 - 4:48 pm
Technology and health care companies helped U.S. stocks rebound broadly from an early sell-off Thursday, snapping the market’s steep two-day skid. The Dow Jones Industrial Average swung from a loss of more than 330 points to a gain of more than 120 after another disappointing economic report raised...
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A man walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Thursday, Oct. 3, 2019. Asian stocks fell for a fourth day Thursday as weaker U.S. manufacturing and hiring data fueled jitters about the global economy. (AP Photo/Eugene Hoshiko)
1010 WINS Newsroom
October 03, 2019 - 8:29 am
BEIJING (AP) — World shares were mixed Thursday as lackluster economic data and ongoing battles over trade continue to feed worries about the global economy. London and Tokyo retreated while Paris opened higher and Hong Kong advanced. German and Chinese markets were closed for holidays. Investors...
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A woman walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Thursday, Oct. 3, 2019. Asian stocks fell for a fourth day Thursday as weaker U.S. manufacturing and hiring data fueled jitters about the global economy. (AP Photo/Eugene Hoshiko)
1010 WINS Newsroom
October 02, 2019 - 11:52 pm
BEIJING (AP) — Asian stocks fell for a fourth day Thursday as weaker U.S. manufacturing and hiring data fueled jitters about the global economy. Tokyo’s Nikkei 225 fell by an unusually wide margin of 2% and market benchmarks in Hong Kong, Sydney and Southeast Asia also retreated. Chinese and Korean...
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FILE - In this Sept. 18, 2019, file photo stock prices are displayed at the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, Oct. 1. (AP Photo/Mark Lennihan, File)
1010 WINS Newsroom
October 01, 2019 - 2:53 pm
NEW YORK (AP) — U.S. stocks sank to their worst loss in five weeks on Tuesday after a surprisingly limp report on the nation's manufacturing stirred worries about the economy's strength. The report showed that manufacturing weakened in September for the second straight month as President Donald...
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