Monetary policy

Federal Reserve Board Chair Jerome Powell speaks at a news conference following a two-day meeting of the Federal Open Market Committee, Wednesday, Sept. 18, 2019, in Washington. (AP Photo/Patrick Semansky)
1010 WINS Newsroom
September 18, 2019 - 4:03 pm
The Federal Reserve has cut its benchmark interest rate again, big news for the U.S. economy but something that will likely have a muted impact on Americans' personal finances, experts say. That's because the reduction doesn't offset the increases of recent years. And as the key rate creeps closer...
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FILE - In this July 31, 2019, file photo Federal Reserve Chairman Jerome Powell speaks during a news conference following a two-day Federal Open Market Committee meeting in Washington. On Wednesday, Sept. 18, the Federal Reserve releases its latest monetary policy statement. (AP Photo/Manuel Balce Ceneta, File)
1010 WINS Newsroom
September 18, 2019 - 2:58 pm
WASHINGTON (AP) — The Latest on the Federal Reserve's monetary policy meeting (all times local): 2:50 p.m. Federal Reserve Chair Jerome Powell acknowledges that officials at the U.S. central bank are fractured about next steps on interest rates. Forecasts from the Fed show uncertainty about the...
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Stock traders John Santiago, left, and Paul Cosentino work at the New York Stock Exchange, Wednesday, Sept. 18, 2019. The Federal Reserve is expected to announce its benchmark interest rate later in the day. (AP Photo/Mark Lennihan)
1010 WINS Newsroom
September 18, 2019 - 2:56 pm
Stocks declined broadly on Wall Street Wednesday afternoon after the Federal Reserve cut its benchmark interest rate for a second time this year. Investors expected the rate cut, but may have been disappointed by apparent disagreement among Fed officials about their future rate policy. In a...
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Floor governor Michael Smyth works at the New York Stock Exchange, Wednesday, Sept. 18, 2019. The Federal Reserve is expected to announce its benchmark interest rate later in the day. (AP Photo/Mark Lennihan)
1010 WINS Newsroom
September 18, 2019 - 2:50 pm
NEW YORK (AP) — The latest on developments in financial markets (all times local): 2:50 p.m. Stocks are dropping after the Federal Reserve cuts its benchmark interest rate for a second time this year but didn't provide investors with concrete clues about what the future holds. The Dow Jones...
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A woman stands near an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Wednesday, Sept. 18, 2019. Asian stock prices rose Wednesday after oil prices fell back and Wall Street advanced. (AP Photo/Eugene Hoshiko)
1010 WINS Newsroom
September 18, 2019 - 8:24 am
BEIJING (AP) — Global stocks were little changed Wednesday as investors watched for a U.S. Federal Reserve decision on a possible interest rate cut and as oil prices eased on hopes for a quick recovery in Saudi oil supplies. Benchmarks in London, Frankfurt and Shanghai advanced while Tokyo and Hong...
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John Wilson, with the New York Stock Exchange, monitors stock activity, Monday, Sept. 16, 2019. Global stock markets sank Monday after crude prices surged following an attack on Saudi Arabia's biggest oil processing facility. (AP Photo/Mark Lennihan)
1010 WINS Newsroom
September 16, 2019 - 1:07 pm
Stocks fell broadly on Wall Street in afternoon trading Monday after an attack on Saudi Arabia's biggest oil processing facility sent crude prices soaring. The attack, which Yemeni rebels said they were behind, raised worries about the risk of more disruptions for oil at a time when the global...
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FILE - In this July 31, 2019, file photo Federal Reserve Chairman Jerome Powell speaks during a news conference following a two-day Federal Open Market Committee meeting in Washington. Federal Reserve Chairman Jerome Powell said Friday, Sept. 6, 2019 that the Fed is not expecting a U.S. or global recession. But it is monitoring a number of uncertainties, including trade conflicts, and will "act as appropriate to sustain the expansion."(AP Photo/Manuel Balce Ceneta, File)
1010 WINS Newsroom
September 16, 2019 - 12:37 pm
WASHINGTON (AP) — For a second straight time, the Federal Reserve is set to cut interest rates this week to try to protect the economy from the consequences of a global slowdown and President Donald Trump's trade war with China. After that, no one — not even the Fed itself — seems sure what it will...
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FILE - In this March 2, 2018 file photo, a worker cleans big machine parts of presses manufacturer Schüler AG in Goeppingen, Germany. German factory orders, a leading indicator of the health of Europe's biggest economy, dropped strongly in July, erasing gains from the previous month. The Federal Statistical Office reported Thursday industrial orders dropped 2.7% in July over June when adjusted for seasonal and calendar factors, wiping out a 2.7% June increase. (Marijan Murat/dpa via AP)
1010 WINS Newsroom
September 12, 2019 - 5:19 pm
WASHINGTON (AP) — The Federal Reserve and the European Central Bank are struggling mightily to invigorate their economies at a time when growth is slowing, governments remain on the sidelines and the banks' usual stimulative tools appear less effective than in the past. On Thursday, the ECB...
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In this Sept. 3, 2019, photo a sign rests in front of a newly constructed home, in Westwood, Mass. On Thursday, Sept. 12, Freddie Mac reports on this week’s average U.S. mortgage rates. (AP Photo/Steven Senne)
1010 WINS Newsroom
September 12, 2019 - 12:28 pm
WASHINGTON (AP) — U.S. long-term mortgage rates rose this week but remained at historically low levels. Mortgage buyer Freddie Mac said Thursday the rate on the 30-year, fixed-rate mortgage increased to 3.56% from 3.49% last week. Average rates on the benchmark loan have remained below 3.6% for...
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FILE - In this Aug. 29, 2019, photo shoppers wait in long lines at Costco in Davie, Fla. On Thursday, Sept. 12, the Labor Department reports on U.S. consumer prices for August. (AP Photo/Brynn Anderson, File)
1010 WINS Newsroom
September 12, 2019 - 12:05 pm
WASHINGTON (AP) — Overall consumer prices slowed in August, reflecting a big drop in the cost of gasoline and other energy products. But core inflation, which excludes energy and food, was rising at its fastest pace in a year. Economists said this increase in long-dormant inflation should not deter...
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