Monetary policy

FILE - In this Oct. 1, 2019, file photo, a man walks past the Reserve Bank of Australia in Sydney. Australia’s central bank on Tuesday, March 3, 2020 cut its benchmark interest rate by a quarter of a percentage point to a record low of 0.5% in response to the economic shock of the new coronavirus. (AP Photo/Rick Rycroft, File)
1010 WINS Newsroom
March 03, 2020 - 12:35 am
CANBERRA, Australia (AP) — Australia’s central bank on Tuesday cut its benchmark interest rate by a quarter of a percentage point to a record low of 0.5% in response to the economic shock of the new coronavirus. The reduction at the Reserve Bank of Australia’s monthly meeting is the first since...
Read More
A woman wearing a mask stands near bull sculptures depicting prosperity along a retail street in Beijing on Tuesday, March 3, 2020. Asian shares rose Tuesday amid hopes that central banks will take action to shield the global economy from the effects of the coronavirus outbreak. (AP Photo/Ng Han Guan)
1010 WINS Newsroom
March 03, 2020 - 12:12 am
TOKYO (AP) — Shares in most Asian markets tracked overnight gains on Wall Street, but Tokyo's benchmark fell back Tuesday as gnawing concerns over the virus outbreak chilled buying sentiment. Traders were awaiting talks between central bankers and other financial leaders of the Group of Seven...
Read More
A woman walks past an electronic board showing world currency exchange rates at a securities firm in Tokyo Monday, March 2, 2020. Share prices have charged back from their retreat last week, with mainland Chinese indexes gaining 3% as data showed progress in restoring factory output after weeks of disruptions from the viral outbreak. (AP Photo/Eugene Hoshiko)
1010 WINS Newsroom
March 02, 2020 - 7:55 am
LONDON (AP) — Mounting concerns about the economic impact of the new coronavirus outbreak saw gains in European stock markets wiped out Monday despite hopes of stimulus measures from major central banks. Wall Street was set to post more losses at the opening bell, coming on top of last week's drop...
Read More
Trader Fred DeMarco works on the floor of the New York Stock Exchange, Friday, Feb. 28, 2020. Global stock markets are falling further on spreading virus fears. (AP Photo/Richard Drew)
1010 WINS Newsroom
February 28, 2020 - 6:18 pm
Stocks sank around the globe again Friday as investors braced for more economic pain from the coronavirus outbreak, sending U.S. markets to their worst weekly finish since the 2008 financial crisis. The damage from the week of relentless selling was eye-popping: The Dow Jones Industrial Average...
Read More
FILE - In this Wednesday, Feb. 26, 2020, file photo, stock trader Gregory Rowe works at the New York Stock Exchange. The S&P 500 has lost more than 10% from its record high as worries have built that a fast-spreading new virus will slam economies and corporate profits around the world. That means stocks just went through a “correction” in the stilted parlance of market watchers. (AP Photo/Mark Lennihan, File)
1010 WINS Newsroom
February 28, 2020 - 7:51 am
NEW YORK (AP) — After six days of being pounded by a virus-induced, global sell-off, U.S. markets hit a milestone this week. The S&P 500 has dropped more than 10% from the record highs set just over a week ago as a fast-spreading new virus raises the specter of damaged economies and tumbling...
Read More
FILE - In this Feb. 5, 2020, file photo trader Ashley Lara works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Wednesday, Feb. 19. (AP Photo/Richard Drew, File)
1010 WINS Newsroom
February 20, 2020 - 1:53 am
TOKYO (AP) — Shares were mixed Thursday in Asia after Wall Street recovered to record highs, with the Shanghai benchmark jumping nearly 2% after China's central bank cut interest rates to help ease credit for companies stricken by the virus outbreak centered on the city of Wuhan. Japan's benchmark...
Read More
FILE - In this Feb. 12, 2020, file photo Federal Reserve Chairman Jerome Powell testifies before the Senate Banking Committee on Capitol Hill in Washington. On Wednesday, Feb. 19, the Federal Reserve releases minutes from its January meeting. (AP Photo/Susan Walsh, File)
1010 WINS Newsroom
February 19, 2020 - 3:46 pm
WASHINGTON (AP) — Federal Reserve officials were mostly optimistic about the U.S. and global economies last month, though they noted the risk posed by China’s viral outbreak and said they were ready to keep their benchmark interest rate at its current low level in the coming months. Fed...
Read More
Mark Carney, Governor of the Bank of England attends the Bank of England's Monetary Policy Report news conference in the City of London, Thursday Jan. 30, 2020. The Bank of England on Thursday opted against cutting interest rates after a run of fairly firm economic data in the past week eased fears about a dramatic slowdown in the British economy. (Jonathan Brady/Pool via AP)
1010 WINS Newsroom
February 19, 2020 - 5:36 am
LONDON (AP) — Consumer price inflation in Britain jumped higher in January, official figures showed Wednesday, undermining the case for the central bank to cut interest rates as it had been expected to do. The annual inflation rate rose to 1.8% from 1.3% in December, the national statistics agency...
Read More
European Central Bank President Christine Lagarde addresses European Parliament lawmakers during a monetary dialogue meeting at the European Parliament in Brussels, Thursday, Feb. 6, 2020. (AP Photo/Francisco Seco)
1010 WINS Newsroom
February 14, 2020 - 10:59 am
FRANKFURT, Germany (AP) — Imagine a mortgage that pays you the interest, not the other way around. Or a savings account where it's the bank, not the saver, who collects interest. Welcome to the upside-down world of ultra-low and negative interest rates that is taking hold in many parts of the world...
Read More
President Donald Trump's nominee to the Federal Reserve, Judy Shelton, appears before the Senate Banking Committee for a confirmation hearing, on Capitol Hill in Washington, Thursday, Feb. 13, 2020. (AP Photo/J. Scott Applewhite)
1010 WINS Newsroom
February 13, 2020 - 7:06 pm
WASHINGTON (AP) — One of President Donald Trump's nominees for the Federal Reserve came under sharp questioning Thursday from senators over her unorthodox economic views, including from two Republicans whose doubts about her nomination could imperil it. The nominee, Judy Shelton, sought to make her...
Read More

Pages