The Federal Reserve™s decision in March to cease raising interest rates this year was driven by unease over the U.S. and global economies and surprisingly subdued inflation, according to minutes of the pivotal central bank meeting.
Last month the Fed junked previous plans to raise a key short-term U.S. interest twice more this year. Instead, Chairman Jerome Powell reiterated the Fed would remain œpatient and its closely watched œdot plot pointed to no increases in interest rates for 2019.
On the Fed™s list of worries: Sluggish U.S. growth early in the new year, a weaker global economy, the messy attempt by the U.K. to leave the European Union and festering trade tensions between the Trump administration in China.
What the Fed wasn™t worried about was rising inflation.
Source: marketwatch
Australia™s central bank kept interest rates unchanged as it waits for three cuts since June to flow through to areas of the economy beyond the property market. Reserve Bank Governor ...
The European Central Bank (ECB) President Christine Lagarde, testifying before the European Parliament this Monday, said that the region's economic growth remains weak and this weakness has been mainl...
Spending for disaster relief, concern over impact of global slowdown in Japan's economy should be better addressed by govt with fiscal, structural policies. Fiscal space for japanese government is so...
While delivering a key note address at the European Banking Congress, in Frankfurt, on Friday, the new European Central Bank (ECB) President Lagarde said: œWe face a global environment that is marke...
Federal Reserve officials were more upbeat about the economy in late October than they had been only six weeks earlier, according to minutes of their policy discussion released Wednesday. Officials â...
Oil was steady near a 12-week high in New York, supported by signs of falling American crude inventories yet capped by continuing salvos in the U.S.-China trade dispute. West Texas Intermediate futures were little changed, after briefly surging on...
News reports say House Democrats and the White House are close to agreeing on changes to a trade deal that the United States, Canada and Mexico signed last year but have not ratified. The United States-Mexico-Canada-Agreement, known as the USMCA,...
U.S. stock index futures turned sharply lower Tuesday morning. Around 6:10 a.m. ET, Dow futures indicated a negative open of more than 110 points. Futures on the S&P and Nasdaq were both slightly lower. Market focus is largely attuned to...
Gold futures settled at a slight loss on Monday, finding little reason to move in either direction ahead of a mid-week policy update from the...
Gold held a decline after a better-than-expected U.S. payrolls report on Friday led to a surge in equities, damping demand for haven...
Gold steadied after a drop on Friday as traders turned their focus to upcoming central bank policy meetings.
Spot gold edged 0.2% higher to...
The FBI is investigating the fatal shooting at a Naval base in Florida as an act of terrorism, a special agent said Sunday.
Rachel Rojas, special...