Tag: Central banking
Turkish lira dips to record low over Erdogan rate comments
ANKARA, Turkey — The Turkish lira dipped to new record lows on Wednesday after President Recep Tayyip Erdogan rattled investor confidence by saying he...
Federal Reserve survey sees economy growing at faster pace
WASHINGTON — The U.S. economy grew at a somewhat faster pace in April and May despite disruptions that choked supplies to the nations manufacturers,...
China’s central bank tries to stop surge in currency’s value
BEIJING — China’s central bank is trying to restrain the surging exchange rate of its currency, temporarily backtracking in efforts to make the tightly...
Eurozone inflation rebounds to 2.0% on higher energy prices
FRANKFURT, Germany — Eurozone inflation rose to 2.0% in May, driven higher by rising oil prices as other inflationary pressures appeared to remain subdued....
Bank of Italy forecasts 4% GDP growth in 2021
MILAN — The head of Italy’s central bank said Monday the eurozone’s third-largest economy could grow 4% this year, after shedding 9% during the...
ECB sees elevated risks to financial stability in Europe
FRANKFURT, Germany — The European Central Bank says risks to the stability of companies, banks and financial markets remain “elevated” due to the uneven...
Fed officials in April cautioned about inflation pressures
WASHINGTON — Federal Reserve officials at their April meeting reaffirmed the view that the central bank's ultra-low interest rate remained the best policy approach,...
This Week: Walmart earns, Fed meeting minutes, US home sales
A look at some of the key business events and economic indicators upcoming this week:
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US mortgage rates fall for 4th week; 30-year dips to 2.94%
WASHINGTON — Mortgage rates declined this week, marking their fourth consecutive week below 3% and further evidence of the strength in the economy’s recovery...
Top Fed official says Fed far from achieving its goals
WASHINGTON — A top Federal Reserve official says the outlook for the U.S. economy is bright but the recent jobs report is a reminder...
