Monetary policy

This May 3, 2017 file photo shows bananas for sale at a Whole Foods Market in Upper Saint Clair, Pa. U.S. wholesale prices edged up just 0.1 percent in April 2018 held down by a big drop in food costs. It was the smallest gain in four months. The April increase in the Labor Department’s producer price index, which measures inflation pressures before they reach consumers, followed a 0.3 percent rise in March, the government reported Wednesday, May 9. (AP Photo/Gene J. Puskar)
May 10, 2018 - 11:34 am
WASHINGTON (AP) — American drivers paid more for gas, but overall consumer prices rose only modestly in April, a sign that inflation remains mild. The modest pace of consumer inflation may send a reassuring signal to the Federal Reserve, which is considering how quickly to raise interest rates this...
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Mark Carney, Governor of the Bank of England, addresses the media during the quarterly Inflation Report press conference in London, Thursday, May 10, 2018. Carney said the Bank of England has pulled back from a predicted rate hike, blaming some weaker than expected growth and inflation data. (AP Photo/Frank Augstein, pool)
May 10, 2018 - 10:10 am
LONDON (AP) — Just weeks after hinting it would raise interest rates, the Bank of England held off doing so Thursday, arguing it was best to wait after an unexpected spell of wintry weather hurt economic growth. The bank's Monetary Policy Committee voted 7-2 to keep the main interest rate at 0.5...
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May 10, 2018 - 7:18 am
LONDON (AP) — The Bank of England decided Thursday to not raise interest rates again and cut its forecast for British economic growth this year, blaming the downgrade almost entirely on the cold and snowy weather that gripped the country in late-winter. Following a run of weak economic data, the...
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May 10, 2018 - 7:02 am
LONDON (AP) — The Bank of England has kept its main interest rate on hold as a run of soft economic data has made it more cautious about the outlook for Britain. The bank's rate-setting committee voted 7-2 on Thursday to keep the main rate unchanged at 0.5 percent, as widely expected in financial...
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FILE- In this March 21, 2018, file photo, Federal Reserve Chairman Jerome Powell speaks following the Federal Open Market Committee meeting in Washington. Moves by the Fed and other major central banks to raise interest rates after a long period of keeping them low should not be disruptive to the global economy, Federal Reserve Chairman Jerome Powell said Tuesday, May 8, 2018. (AP Photo/Carolyn Kaster, File)
May 08, 2018 - 3:59 am
WASHINGTON (AP) — Moves by the Fed and other major central banks to raise interest rates after a long period of keeping them low should not be disruptive to the global economy, Federal Reserve Chairman Jerome Powell said Tuesday. In remarks prepared for a financial conference in Zurich, Powell said...
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FILE- In this Oct. 30, 2015, file photo John Williams, president of the Federal Reserve Bank of San Francisco, is interviewed by The Associated Press in Washington. Williams, currently president of the Fed’s San Francisco regional bank, said that he still expects a gradual pace of three to four increases in the Fed’s key interest rate this year. He spoke in an interview with CNBC after the government reported that the unemployment rate fell to 3.9 percent in April, the lowest level in more than 17 years, with 164,000 jobs created. (AP Photo/Manuel Balce Ceneta, File)
May 04, 2018 - 6:27 pm
WASHINGTON (AP) — With steady growth, low unemployment and tame inflation, the U.S. is experiencing a "Goldilocks" economy: Not too hot. Not too cold. But just right. So says a top Federal Reserve official, who on Friday suggested that the unemployment rate could fall further to 3.5 percent with...
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People walk past an electronic board showing Hong Kong share index outside a bank in Hong Kong, Thursday, May 3, 2018. Asian stock markets were mostly lower Thursday as investors analyzed the Fed's latest decision and turned their focus to upcoming talks between U.S. and Chinese officials in Beijing aimed at resolving simmering trade tensions. (AP Photo/Kin Cheung)
May 03, 2018 - 4:55 am
HONG KONG (AP) — World stock markets were mixed on Thursday as investors analyzed the Fed's decision to keep interest rates unchanged and kept an eye out for developments from China-U.S. trade talks in Beijing. KEEPING SCORE: European shares slipped in early trading. France's CAC 40 lost 0.3...
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People walk past an electronic board showing Hong Kong share index outside a bank in Hong Kong, Thursday, May 3, 2018. Asian stock markets were mostly lower Thursday as investors analyzed the Fed's latest decision and turned their focus to upcoming talks between U.S. and Chinese officials in Beijing aimed at resolving simmering trade tensions. (AP Photo/Kin Cheung)
May 03, 2018 - 2:05 am
HONG KONG (AP) — Asian shares were mixed on Thursday as investors analyzed the Fed's decision to keep interest rates unchanged and kept an eye out for developments from China-U.S. trade talks in Beijing. KEEPING SCORE: Hong Kong's benchmark Hang Seng index slumped 1.2 percent to 30,359.94 and South...
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May 02, 2018 - 2:01 pm
WASHINGTON (AP) — The Federal Reserve is keeping its benchmark interest rate unchanged but says that inflation is climbing after years of being stuck below the Fed's target level. The Fed left its key short-term rate at 1.5 percent to 1.75 percent, the level it set in March after its sixth increase...
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FILE- In this April 4, 2018, file photo, shoppers walk past the Victoria's Secret store on Broadway in the Soho neighborhood of New York. On Monday, April 30, the Commerce Department issues its March report on consumer spending. (AP Photo/Mary Altaffer, File)
April 30, 2018 - 11:56 am
WASHINGTON (AP) — Americans boosted their spending by 0.4 percent in March, the best showing in three months. Meanwhile, a key gauge of inflation closely watched by the Federal Reserve rose at the fastest pace in more than a year. The March increase in consumer spending followed two months of very...
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