interest rates

FILE - In this Feb. 12, 2020, file photo Federal Reserve Chairman Jerome Powell testifies before the Senate Banking Committee on Capitol Hill in Washington. (AP Photo/Susan Walsh, File)
(AP Photo/Susan Walsh, File)
AP News
February 19, 2020 - 3:46 pm
By CHRISTOPHER RUGABER AP Economics Writer 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...
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FILE - In this Nov. 25, 2019, file photo Federal Reserve Board Chair Jerome Powell addresses a round table discussion. (AP Photo/Steven Senne)
(AP Photo/Steven Senne)
AP News
December 11, 2019 - 2:24 pm
By CHRISTOPHER RUGABER, AP Economics Writer WASHINGTON (AP) — The Federal Reserve is leaving its benchmark interest rate alone and signaling that it expects to keep low rates unchanged through next year. The Fed's decision follows three rate cuts earlier this year. It reflects its view that the U.S...
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(AP Photo/Richard Drew)
AP News
October 30, 2019 - 12:46 pm
By DAMIAN J. TROISE, AP Business Writer NEW YORK (AP) — Stocks fell in midday trading Wednesday as investors held back ahead of an anticipated decision by the Federal Reserve to cut interest rates. The central bank has been using its power to cut short-term interest rates as a way to shore up the...
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(AP Photo/Patrick Semansky)
AP News
September 18, 2019 - 5:09 pm
By MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — A sharply divided Federal Reserve cut its benchmark interest rate Wednesday for a second time this year but declined to signal that further rate cuts are likely this year. The Fed's move reduced its key short-term rate — which influences...
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(AP Photo/Susan Walsh)
July 10, 2019 - 4:24 pm
By MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — Pointing to a weaker global economy, rising trade tensions and chronically low inflation, Chairman Jerome Powell signaled Wednesday that the Federal Reserve is likely to cut interest rates late this month for the first time in a decade...
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(AP Photo/Richard Drew)
July 08, 2019 - 1:41 pm
By ALEX VEIGA AP Business Writer Stocks fell in afternoon trading Monday amid growing speculation on Wall Street that unexpectedly strong U.S. employment data may keep the Federal Reserve from aggressively cutting interest rates. The market rallied through much of June after the central bank...
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(AP Photo/Wilfredo Lee)
July 05, 2019 - 11:39 am
By JOSH BOAK AP Economics Writer WASHINGTON (AP) — U.S. employers sharply stepped up their hiring in June, adding a robust 224,000 jobs, an indication of the economy's durability after more than a decade of expansion. The strength of the jobs report the government issued Friday could complicate a...
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(AP Photo/Evan Vucci)
June 24, 2019 - 4:03 pm
WASHINGTON (AP) — President Donald Trump is continuing efforts to pressure the U.S. central bank system, saying the stock markets and economic growth would be much higher if not for its actions. Trump says the Federal Reserve "doesn't know what it's doing" and raised interest rates too quickly. The...
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(AP Photo/Kiichiro Sato, File)
June 14, 2019 - 1:20 pm
By MARTIN CRUTSINGER, AP Economics Writer WASHINGTON (AP) — President Donald Trump says he has no intention of ending his public attacks on the Federal Reserve's interest rate policies even though he knows he has made Chairman Jerome Powell's job more difficult. Trump told ABC News in an interview...
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(AP Photo/Pablo Martinez Monsivais, File)
May 01, 2019 - 2:19 pm
By MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — The Federal Reserve left its key interest rate unchanged Wednesday and signaled that no rate hikes are likely in coming months amid signs of renewed economic health but unusually low inflation. The Fed left its benchmark rate — which...
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