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Asian Stock Markets

Asian shares follow Wall Street lower

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dpa-AFX/GNA - Asian stocks tumbled on Thursday as investors reacted to a worsening Covid-19 health crisis and a downbeat economic outlook from the...
WASHINGTON, March 3, 2020 (Xinhua) -- Photo taken on March 3, 2020 shows flags on the U.S. Federal Reserve building in Washington D.C., the United States. The U.S. Federal Reserve lowered the target range for the federal funds rate by 50 basis points to a range of 1.00 percent to 1.25 percent, as the novel coronavirus disease poses "evolving risks" to economic activity, the central bank announced Tuesday. (Xinhua/Liu Jie)

U.S. Fed officials still skeptical of yield curve control

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U.S. Federal Reserve officials are still skeptical of adopting the yield curve control policy, arguing that it would likely provide "modest benefits" with "potential...
A trader works at the New York Stock Exchange in New York, the United States, on Nov. 4, 2019. U.S. stocks ended higher on Monday. The Dow Jones Industrial Average rose 114.75 points, or 0.42 percent, to 27,462.11. The S&P 500 rallied 11.36 points, or 0.37 percent, to 3,078.27. The Nasdaq Composite Index was up 46.80 points, or 0.56 percent, to 8,433.20. (Xinhua/Wang Ying)

U.S. stocks fall after Fed minutes

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U.S. stocks finished lower on Wednesday after the minutes from the Federal Reserve's July meeting showed concerns about economic outlook. The Dow...
Photo taken on March 19, 2020 shows U.S. dollar banknotes in Washington D.C., the United States. The Trump administration's plan to send Americans relief money as part of a massive stimulus package in response to COVID-19 could be 1,000 U.S. dollars per person, and 500 dollars per child, Treasury Secretary Steven Mnuchin said Thursday. (Xinhua/Liu Jie)

U.S. dollar rises after Fed minutes

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The U.S. dollar strengthened in late trading on Wednesday as market participants pored through the newly-released meeting minutes from the Federal Reserve. ...
Photo taken on March 15, 2020 shows the U.S. Federal Reserve building in Washington D.C., the United States. The U.S. Federal Reserve on Sunday cut its benchmark interest rate by a full percentage point to near zero and will increase its bond holdings by at least 700 billion U.S. dollars amid mounting fears over the COVID-19 outbreak. (Xinhua/Liu Jie)

U.S. equities post weekly gains amid upbeat economic data, Fed minutes

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Wall Street's major averages advanced in the holiday-shortened week as investors digested a slew of key economic data and the U.S. Federal Reserve's meeting...
Photo taken on March 15, 2020 shows the U.S. Federal Reserve building in Washington D.C., the United States. The U.S. Federal Reserve on Sunday cut its benchmark interest rate by a full percentage point to near zero and will increase its bond holdings by at least 700 billion U.S. dollars amid mounting fears over the COVID-19 outbreak. (Xinhua/Liu Jie)

U.S. Fed officials to discuss relief loan programs amid COVID-19 fallout

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U.S. Federal Reserve officials are expected to discuss the central bank's lending programs for businesses and local governments at its policy meeting on Tuesday...
Wall Street

Wall Street tumbles despite Fed’s interest-rate cut

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U.S. equities closed sharply lower on Tuesday as concerns of slower economic growth persist, despite the Federal Reserve's emergency interest-rate cut. The...
A trader works at New York Stock Exchange in New York, the United States, on March 3, 2020. U.S. stocks fell sharply in volatile trading on Tuesday despite the Federal Reserve's emergency interest-rate cut. The Dow Jones Industrial Average dropped 785.91 points, or 2.94 percent, to 25,917.41. The S&P 500 went down 86.86 points, or 2.81 percent, to 3,003.37. The Nasdaq Composite Index fell 268.07 points, or 2.99 percent, to 8,684.09. (Photo by Michael Nagle/Xinhua)

Dow closes down over 780 points despite Fed’s interest-rate cut

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U.S. stocks fell sharply on Tuesday, with the Dow closing down more than 780 points, despite the Federal Reserve's emergency interest-rate cut. ...
Photo taken on Sept. 18, 2019 shows U.S. dollar banknotes in Washington D.C., the United States. U.S. Federal Reserve on Wednesday lowered interest rates by 25 basis points amid growing risks and uncertainties stemming from trade tensions and a global economic slowdown, following a rate cut in July that was its first in more a decade. (Xinhua/Liu Jie)

U.S. Fed sees interest rates appropriate, global economy stable

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The minutes of the U.S. Federal Reserve (Fed)'s January policy meeting released on Wednesday showed most central bank officials believed that interest rates are...
The Fed believes that the US economy is growing once more and that extra support is not as necessary?

U.S. Fed chairman says current monetary policy likely to remain appropriate

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U.S. Federal Reserve Chairman Jerome Powell said Tuesday that the current stance of monetary policy will "likely remain appropriate," according to his testimony prepared...
Seth Terkper, Minister of Finance

US Fed rate hike has global ramifications – Terkper

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The hike by the United States (US) Federal Reserve (Fed) in its interest rate has the potential to affect rates in many other...

US employers cut back hiring in April

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Net new jobs fell unexpectedly to the lowest level in seven months, with just 160,000 additional jobs generated, over 40,000 less than economists predicted,...
The Fed believes that the US economy is growing once more and that extra support is not as necessary?

US Dollar Slumps Before Federal Reserve’s Reports

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The Fed will announce its latest rate decision when it concludes a two-day meeting on Wednesday. The U.S. central bank is widely expected to...
Obama

Obama meets fiscal regulators over U.S. banking regulations

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Obama met with the 10-member Financial Stability Oversight Council, which includes Treasury Secretary Jacob Lew and Fed chairwoman Janet Yellen -- as well as...
Gold

Gold Price Falls Moderately Amid Stock Market And Dollar Rise

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The ADP report is viewed as a precursor to the more closely watched government-employment report due Friday, which could help determine the yellow metal’s...

US stocks spring back as Fed Meeting commences

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The Dow Jones Industrial Average jumped 282.01 points, or 1.78 percent, to 16,167.23. The S&P 500 gained 26.55 points, or 1.41 percent, to 1,903.63....

Exports Of Goods And Services In US Jumps

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The US economy rebounded at an annual rate of 4.6 per cent in the second quarter, the fastest rate since the end of 2011,...
Investors had been unsure about the exact end date of the Federal Reserve's stimulus efforts

Stimulus in Federal Reserve to end in October

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The Federal Reserve will end its stimulus programme in October if US economic growth continues at its current pace, minutes from its June meeting...
US Federal Reserve chair Janet Yellen has said the bank remains committed to supporting the US economy

Federal Reserve remains committed to supporting US economy-Yellen

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The US Federal Reserve has announced a further reduction of its economic stimulus efforts, after a two-day meeting in Washington. The central bank said it...
Janet Yellen

Federal Reserve continue to cut its stimulus measures

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The new chair of the Federal Reserve, Janet Yellen, has said the bank will continue to cut its stimulus measures for the US economy. If...
Janet Yellen

Janet Yellen: first woman to lead Federal Reserve

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The US Senate has confirmed Janet Yellen as the next head of the US Federal Reserve. Fifty-six senators voted in favour of Ms Yellen with...