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…
Monetary policy
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…
Global markets rebound as China cuts rates to help economy
By JOE McDONALD Global markets rebounded Tuesday after China’s central bank cut its key interest rate to support growth in the world’s second-largest economy. Earlier, China’s main stock index closed…
Russia bails out bank following ruble slide
By NATALIYA VASILYEVA Russia has bailed out a mid-sized bank for about $500 million to save it from bankruptcy— a clear sign that the slide in the value of the…
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…
Yellen stands by Fed’s low interest rate policies
By MARTIN CRUTSINGER FILE – In this Monday, June 3, 2013, file photo, Janet Yellen, vice chair of the Board of Governors of the Federal Reserve System, places her name…
ECB-driven market rally peters out after US data
A man looks at an electronic stock indicator outside a securities firm in Tokyo, Thursday, Nov. 7, 2013. Asian stock markets were mostly weaker Thursday, with a cautious mood prevailing…