Monetary policy

FILE - In this Jan. 3, 2020 file photo, the Wall St. street sign is framed by American flags flying outside the New York Stock Exchange in New York. Stocks are falling early on Wall Street Thursday, Sept. 17, as the late selling from the previous day carries over. (AP Photo/Mary Altaffer, File)
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September 17, 2020 - 4:54 pm
Another slide in technology companies helped pull stocks lower on Wall Street Thursday, extending losses from the day before. The S&P 500 lost 0.8% after having been down 1.7% earlier. The selling was widespread, with eight of the 11 sectors that make up the benchmark index ending the day lower...
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FILE - In this file photo dated Wednesday, March 11, 2020, pedestrians wearing face masks walk past the Bank of England in London. The Bank of England kept its main interest rate unchanged at the record low of 0.1% on Thursday Sept. 17, 2020, as it waits to see how the economy recovers from recession and what Britain’s future trade relationship with the European Union will be. (AP Photo/Matt Dunham, FILE)
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September 17, 2020 - 10:49 am
LONDON (AP) — The Bank of England indicated Thursday that it could cut interest rates below zero for the first time in its 326-year history as it tries to shore up a U.K. economic recovery that is facing the dual headwinds of the coronavirus and Brexit. After unanimously deciding to maintain the...
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Currency traders work at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, Sept. 17, 2020. Asian stock markets declined Thursday after the U.S. Federal Reserve indicated its benchmark interest rate will stay close to zero at least through 2023 but announced no additional stimulus plans. (AP Photo/Ahn Young-joon)
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September 16, 2020 - 11:27 pm
Asian stock markets declined Thursday after the U.S. Federal Reserve indicated its benchmark interest rate will stay close to zero at least through 2023 but announced no additional stimulus plans. Market benchmarks in Shanghai, Tokyo, Seoul and Hong Kong all retreated. Wall Street's benchmark S...
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FILE - In this June 30, 2020, file photo Federal Reserve Board Chairman Jerome Powell, reflected in the sneeze guard set up between himself and members of the House Committee on Financial Services, speaks during a hearing on oversight of the Treasury Department and Federal Reserve pandemic response on Capitol Hill in Washington. The Federal Reserve adjusted its inflation target to seek price increases above 2% annually, a move that will likely keep interest rates low for years to come. The Fed on Wednesday, Sept. 16, also left its benchmark short-term rate unchanged at nearly zero, where it has been since the pandemic intensified in March. (Bill O'Leary/The Washington Post via AP, Pool)
1010 WINS Newsroom
September 16, 2020 - 6:55 pm
WASHINGTON (AP) — With the economy still struggling to recover from the pandemic recession, Federal Reserve policymakers signaled Wednesday that their benchmark short-term interest rate will likely remain at zero at least through 2023 and possibly even longer. Fed chair Jerome Powell said at a...
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FILE- In this April 5, 2018, file photo a sign for a Wall Street subway station is shown. Wall Street is strengthening again as big technology stocks wrest back more of their losses from their sudden belly flop earlier this month. The S&P 500 was 0.9% higher in early trading and back within 5% of its record set on Sept. 2, 2020. (AP Photo/Richard Drew, File)
1010 WINS Newsroom
September 15, 2020 - 3:46 pm
Stocks were losing some of their early strength Tuesday afternoon, with gains in big technology companies outweighing losses in banks and elsewhere in the market. The S&P 500 was 0.2% higher in afternoon trading and on pace for a second day of gains on the heels of its worst week since June...
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FILE - In this Aug. 21, 2019, file photo, specialist Anthony Matesic, center, works with traders at his post on the floor of the New York Stock Exchange. Stocks are opening solidly higher on Wall Street Monday, Sept. 14, 2020, following a burst of big corporate deals. (AP Photo/Richard Drew, File)
1010 WINS Newsroom
September 14, 2020 - 5:05 pm
Wall Street kicked off the week with a broad rally Monday, clawing back much of the stock market's losses from last week. The S&P 500 rose 1.3%, led by gains in technology, health care and financial stocks. Small company stocks were among the biggest gainers. The rally reversed a big slice of...
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FILE - Marble sculptures occupy the pediment above the New York Stock Exchange signage, Tuesday Aug. 25, 2020, in New York. Stocks are drifting in mixed trading on Wall Street Friday, Sept. 18, as another zig-zag week for markets closes out following their abrupt loss of momentum this month.(AP Photo/Bebeto Matthews, File)
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August 27, 2020 - 4:31 pm
NEW YORK (AP) — The S&P 500 ticked further into record territory on Thursday after the Federal Reserve made a major overhaul to its strategy, one that could keep interest rates low for longer. The benchmark index rose 0.2%, to another all-time high, but it veered through a jumbled day of...
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FILE - In this March 3, 2020 file photo, Federal Reserve Chair Jerome Powell speaks during a news conference to discuss an announcement from the Federal Open Market Committee, in Washington. On Thursday, Aug. 26, Powell will address the Fed's annual gathering of global central bankers, normally held in Jackson Hole, Wyo., but this time being conducted virtually. (AP Photo/Jacquelyn Martin, File)
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August 27, 2020 - 9:13 am
WASHINGTON (AP) — The Federal Reserve announced a significant change Thursday in how it manages interest rates by saying it plans to keep rates near zero even after inflation has exceeded the Fed’s 2% target level. The change signifies that the Fed is prepared to tolerate a higher level of...
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FILE - In this July 30, 2020 file photo, signs for Wall Street are shown, in New York. Wall Street is drifting Wednesday morning, Aug. 19 as even a record high for the S&P 500 fails to jolt much life into the market. The S&P 500 was edging up by 0.1% after the first half hour of trading, a day after it wiped out the last of its losses created by the pandemic and surpassed its Feb. 19 peak. (AP Photo/Mark Lennihan, File)
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August 19, 2020 - 11:36 pm
TOKYO (AP) — Asian shares slipped Thursday after sobriety set in on Wall Street, and the U.S. Federal Reserve minutes laid out challenges for the economy amid the coronavirus pandemic. Japan's benchmark Nikkei 225 dropped 0.8% in early trading to 22,935.51. South Korea's Kospi plunged 2.2% to 2,309...
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FILE - In this June 30, 2020 file photo, Federal Reserve Chair Jerome Powell testifies during a House Financial Services Committee hearing on the coronavirus response on Capitol Hill in Washington. U.S. consumers lifted their spending in May and June but businesses remained cautious because of the tremendous uncertainty surrounding the economic outlook, Federal Reserve officials said at a policy meeting last month. The nascent economic recovery faces several risks, Fed officials said in discussions during their most recent meeting on July 28-29. (Tasos Katopodis/Pool via AP)
1010 WINS Newsroom
August 19, 2020 - 3:51 pm
WASHINGTON (AP) — U.S. consumers lifted their spending in May and June but businesses remained cautious because of the tremendous uncertainty surrounding the economic outlook, Federal Reserve officials said at a policy meeting last month. The nascent economic recovery faces several risks, Fed...
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