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Just two months ago, the US economy was in its 11th year of an expansion that seemed poised to continue, Powell said during a news conference after the Fed said it would keep interest rates near zero until the economy recovers.

Coronavirus US job losses hitting minorities the hardest, Fed’s Powell says

by Richard Brooks

30 April 2020, 5:42 AM

The coronavirus pandemic ravaged the US labor market just as it was starting to benefit disadvantaged communities, and if the ...

A man counts U.S. dollars in Tehran.

Dollar supported before Fed meeting, Brexit delay in focus

28 October 2019, 7:50 AM

The US currency got a mild boost on Friday after the US Trade Representative’s office said it is “close to ...

Passersby are reflected on a stock quotation board outside a brokerage in Tokyo, Japan.

Oil surges, stock futures slip after attack on Saudi facility

by Bongisipho Magcaba

16 September 2019, 6:13 AM

US crude futures were last up 11% at $61.10 a barrel, coming off highs on expectations other global oil suppliers ...

With a trade war between the United States and China dragging on, and political tumult in Hong Kong, Italy and Britain adding to the tense backdrop, investors were keenly awaiting Fed Chair Jerome Powell’s speech at a gathering of central bankers in Jackson Hole, Wyoming, later in the day (1400 GMT).

Asian stocks struggle ahead of Powell’s speech; yuan at fresh 11-1/2 year low

by Celestine Hendricks

23 August 2019, 6:42 AM

Asian shares struggled to make headway on Friday as uncertainty over how much further the U.S. Federal Reserve would cut ...

In a series of tweets, Trump said he will slap 10% tariffs on $300 billion of Chinese imports starting Sept. 1

Trump’s new tariffs may set stage for more Fed rate cuts

by Celestine Hendricks

2 August 2019, 6:22 AM

US President Donald Trump’s surprise move on Thursday to impose new tariffs on Chinese imports has thrown the Federal Reserve ...

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