central bank

WASHINGTON | Fed minutes: Growing risks make rate hike path less clear

WASHINGTON — Federal Reserve officials expressed increasing worries when they met last month, as they grappled with volatile stock markets, trade tensions and uncertain global growth. The threats, they said, made the future path of interest rate hikes “less clear.” According to minutes of the Fed’s December gathering released Wednesday, officials believed that with inflation … Continue reading WASHINGTON | Fed minutes: Growing risks make rate hike path less clear

WASHINGTON | US employers went on a hiring spree in December: 312K jobs

WASHINGTON —Jan 04, 2019— U.S. employers dramatically stepped up hiring in December, adding 312,000 jobs in an encouraging display of strength for an economy in the midst of a trade war, slowing global growth and a partial government shutdown. The Labor Department said Friday that the unemployment rate rose slightly to 3.9 percent, but that … Continue reading WASHINGTON | US employers went on a hiring spree in December: 312K jobs

TOKYO | Asian shares rise on Wall Street gains amid trade friction

TOKYO— Asian shares were mostly higher Friday after gains on Wall Street but investors continued to watch for news about U.S.- China trade friction. KEEPING SCORE: Japan’s benchmark Nikkei 225 added 0.1 percent to 21,524.02, and Australia’s S&P/ASX 200 gained 0.5 percent to 5,685.50 in early trading. South Korea’s Kospi rose 0.1 percent to 2,070.83. … Continue reading TOKYO | Asian shares rise on Wall Street gains amid trade friction

Asia shares post moderate losses after Wall Street sell-off

Shares were moderately lower in Asia on Wednesday following a bloodletting on Wall Street as goodwill generated by a truce between the U.S. and China over trade evaporated in confusion over what the two sides had agreed upon. The Dow Jones Industrial Average fell nearly 800 points. The yield on the benchmark 10-year Treasury note … Continue reading Asia shares post moderate losses after Wall Street sell-off

WASHINGTON | Fed: Some US businesses’ debt at highest level in 2 decades

WASHINGTON — American corporations have elevated their debt loads to potentially risky levels, the Federal Reserve said Wednesday in a report that raised concerns about the financial system 10 years after the 2008 crisis erupted. The Fed’s report was its first assessing the stability of the U.S. financial system. A decade after the financial crisis, … Continue reading WASHINGTON | Fed: Some US businesses’ debt at highest level in 2 decades

WEST PALM BEACH, Fla | ‘Thank you President T’: Trump tweets as holiday break ends

WEST PALM BEACH, Fla. — President Donald Trump congratulated himself for falling oil prices . He chided the Federal Reserve over interest rates . He claimed Central American countries are trying to dump “certain people” into the United States. Trump’s Florida holiday stay came to an end Sunday with a visit to his golf club … Continue reading WEST PALM BEACH, Fla | ‘Thank you President T’: Trump tweets as holiday break ends

WASHINGTON | Fed announces new report on financial stability

WASHINGTON — The Federal Reserve said Friday it will begin issuing a new report twice a year assessing the stability of the U.S. financial system. The Fed said the first report will be issued on Nov. 28. It will provide information on potential financial vulnerabilities tracked by the central bank such as valuations for bank … Continue reading WASHINGTON | Fed announces new report on financial stability

FRANKFURT, Germany | European Central Bank sticks to plan to end stimulus

FRANKFURT, Germany — The European Central Bank said Thursday it is staying on course to wrap up its 2.5 trillion euro ($2.85 trillion) stimulus program at the end of the year, even as risks from trade protectionism, Italian populist policies, and Brexit loom ever larger. The central bank for to the 19 countries that use … Continue reading FRANKFURT, Germany | European Central Bank sticks to plan to end stimulus