Federal Reserveexpected to raise rates for first time in a year
The Federal Reserve is expected to raise its key interest rate for the first time in a year when its policy meeting ends Wednesday. The move would lift the rate…
Central banking
The Big Uh-Oh: Global economy shaky and cavalry may not come
By DAVID McHUGH and PAUL WISEMAN Eight years after the financial crisis, the world is coming to grips with an unpleasant realization: serious weaknesses still plague the global economy, and…
Iran moves assets, awaits benefits as sanctions are lifted
By NASSER KARIMI and JON GAMBRELL Iran successfully transferred some of the billions of dollars’ worth of frozen overseas assets following the implementation of the nuclear deal with world powers,…
Euro sinks after Draghi gives another stimulus hint
By PAN PYLAS The euro fell Friday to a 4 ½-year low against the dollar after European Central Bank President Mario Draghi indicated the bank could soon back a government…
Russian ruble sinks sharply despite bank rate hike
By NATALIYA VASILYEVA The Russian ruble came under intense selling pressure Tuesday, falling at one point by a catastrophic 20 percent to a new historic low despite a massive pre-dawn…
US consumer prices drop 0.1 pct. on cheaper gas
By JOSH BOAK In the Monday, Sept. 23, 2013, photo, price tags hang on merchandise at T.J. Maxx in North Andover, Mass. The government reports on consumer prices for October…
ECB surprises markets with rate cut
By DAVID McHUGH President of European Central Bank Mario Draghi adjusts his glasses during a news conference in Frankfurt, Germany, Thursday, Nov. 7, 2013, following a meeting of the ECB…
YELLEN IS OBAMA CHOICE TO SUCCEED BERNANKE AT FED
By MARTIN CRUTSINGER and JIM KUHNHENN FILE – In this Monday, June 3, 2013, file photo, Janet Yellen, vice chair of the Board of Governors of the Federal Reserve System,…