Monetary policy

Traders Edward Curran, left, and Jonathan Mueller work on the floor of the New York Stock Exchange, Thursday, March 12, 2020. The deepening coronavirus crisis is sending stocks into another alarming slide on Wall Street, triggering a brief, automatic shutdown in trading for the second time this week. (AP Photo/Richard Drew)
1010 WINS Newsroom
March 12, 2020 - 2:58 pm
WASHINGTON (AP) — The Federal Reserve moved Thursday to try to ease disruptions in the financial markets stemming from the coronavirus by announcing that it will sharply increase its purchases of short-term Treasury bonds. The Fed said it's making available at least $2 trillion in short-term...
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President of European Central Bank Christine Lagarde looks up prior to a press conference following a meeting of the ECB governing council in Frankfurt, Germany, Thursday, March 12, 2020. (AP Photo/Michael Probst)
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March 12, 2020 - 1:40 pm
FRANKFURT, Germany (AP) — The European Central Bank deployed targeted new stimulus measures to cushion the shock to the economy from the virus outbreak, but its president said monetary policy couldn't do it alone and called for a "decisive and determined” response from governments. ECB President...
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European Central Bank President Christine Lagarde talks to German Finance Minister Olaf Scholz during a meeting of European Union Finance Ministers in Eurogroup format at the Justus Lipsius building in Brussels, Monday, Feb. 17, 2020. (AP Photo/Francisco Seco)
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March 11, 2020 - 1:00 am
FRANKFURT, Germany (AP) — Suddenly staring recession in the face, European leaders are lining up an array of tax breaks, financial support for companies and likely central bank measures in the hope of preventing the coronavirus outbreak from dealing long-term damage to the economy. Expectations...
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A man wears a mask as he walks in the train station in Florence, Italy, Tuesday, March 10, 2020. Italy entered its first day under a nationwide lockdown after a government decree extended restrictions on movement from the hard-hit north to the rest of the country to prevent the spreading of coronavirus. (Jennifer Lorenzini/LaPresse via AP)
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March 10, 2020 - 7:52 pm
Seven weeks after the first case of COVID-19 was confirmed in the U.S., the spread of the virus that causes the disease has done widespread damage to critical economic sectors in the country. Airlines are cutting capacity, people are working from home, major public events that raise millions of...
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Trader Michael Milano, center, works on the floor of the New York Stock Exchange, Friday, March 6, 2020. Stocks are opening sharply lower on Wall Street and bond yields are sinking to more record lows as investors fear that economic damage from the spreading coronavirus outbreak will be longer than previously thought. (AP Photo/Richard Drew)
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March 06, 2020 - 5:53 pm
WASHINGTON (AP) — The response in stock markets to the growing risk from the coronavirus has been swift and fierce. But a better gauge of fear on Wall Street may be the bond market, where the moves over the past few weeks have been even more breathtaking. Interest rates on a range of U.S...
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This Feb. 18, 2020, photo shows a real estate sign in front of a home for sale in San Francisco. On Thursday, Feb. 27, Freddie Mac reports on this week’s average U.S. mortgage rates. (AP Photo/Jeff Chiu)
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March 05, 2020 - 2:53 pm
The average rate on a 30-year fixed mortgage has hit a record low of 3.29%, driven down by investors shifting money into the safety of U.S. Treasurys as the coronavirus outbreak has deepened. This new average, down sharply from last week's 3.45%, is the lowest for a 30-year fixed mortgage since...
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Traders gather at a post on the floor of the New York Stock Exchange, Wednesday, March 4, 2020. Stocks are surging in early trading on Wall Street, led by health care stocks after Joe Biden scored a number of Super Tuesday wins. (AP Photo/Richard Drew)
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March 04, 2020 - 4:50 pm
The Dow Jones Industrial Average soared more than 1,100 points, or 4.5%, Wednesday as governments and central banks around the globe took more aggressive measures to fight the virus outbreak and its effects on the economy. The gains more than recouped the market's big losses from a day ealier as...
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Travelers Meredith Ponder, left, and Coleby Hanisch, both of Des Moines, Iowa, wear masks to remind them not to touch their faces as they ride a train at Seattle-Tacoma International Airport Tuesday, March 3, 2020, in SeaTac, Wash. Six of the 18 Western Washington residents with the coronavirus have died as health officials rush to test more suspected cases and communities brace for spread of the disease. All confirmed cases of the virus in Washington are in Snohomish and King counties. (AP Photo/Elaine Thompson)
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March 03, 2020 - 9:14 pm
PARIS (AP) — The coronavirus epidemic shifted increasingly westward toward the Middle East, Europe and the United States on Tuesday, with governments taking emergency steps to ease shortages of masks and other supplies for front-line doctors and nurses. “We are concerned that countries' abilities...
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Men work at a construction site with the Olympic rings in the background Tuesday, March 3, 2020, at Tokyo's Odaiba district. The spreading virus from China has put the Tokyo Olympics at risk. The Olympics are to open on July 24 - less than five months away. (AP Photo/Eugene Hoshiko)
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March 03, 2020 - 5:01 pm
BERLIN (AP) — As the new coronavirus continues spreading, people are being asked to stop hoarding masks and athletes are being advised to refrain from high-fives. These are some of the latest developments Tuesday: MASK HOARDERS REBUKED Mask hoarders, take note. The head of the World Health...
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Federal Reserve Chair Jerome Powell speaks during a news conference, Tuesday, March 3, 2020, to discuss an announcement from the Federal Open Market Committee, in Washington. In a surprise move, the Federal Reserve cut its benchmark interest rate by a sizable half-percentage point in an effort to support the economy in the face of the spreading coronavirus. Chairman Jerome Powell noted that the coronavirus "poses evolving risks to economic activity." (AP Photo/Jacquelyn Martin)
1010 WINS Newsroom
March 03, 2020 - 2:06 pm
WASHINGTON (AP) — In a surprise move, the Federal Reserve cut its benchmark interest rate by a sizable half-percentage point Tuesday in an effort to support the economy in the face of the spreading coronavirus. Chairman Jerome Powell said at a news conference that the virus “will surely weigh on...
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