European stock markets down as recession fears mount
European stock markets were lower at mid-morning on Wednesday as investors continued to dwell on the recessionary…
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U.S. Federal Reserve
Bank of Korea keeps door open to raising interest rate
Bank of South Korea (BOK) has warned on Tuesday of increased volatility as global markets brace for future hikes…
Gold extends losses as investors await Fed minutes
Gold prices fell on Tuesday, after posting its biggest drop in a month in the previous session, as investors…
U.S. Fed unveils biggest interest rate rise in 22 years
The U.S. Federal Reserve has announced on Wednesday its biggest interest rate increase in more than two decades, a…
Biden picks ex-Fed chair Janet Yellen as treasury secretary
U.S. President-elect Joe Biden has confirmed his nomination of former Federal Reserve chair Janet L. Yellen as his…
European stock markets end higher as investors focus on upcoming central bank meetings
European stock markets closed higher on Tuesday as investors are focusing on the upcoming central bank meetings by…
Fed Chair Powell: coronavirus has led to shortage of physical cash at U.S. banks
U.S. Federal Reserve (Fed) Chairman Jerome Powell told lawmakers on Wednesday that circulation of physical U.S.…
U.S. full economic recovery may need a coronavirus vaccine; says Fed’s Powell
U.S. full economic recovery may require the arrival of a coronavirus vaccine, said the country’s Federal Reserve…
Fed leaves interest rates at zero, pledges “full range of tools” to help…
The U.S. Federal Reserve (Fed) has on Wednesday kept interest rates unchanged near zero, saying it would deploy its…
U.S. Federal Reserve to launch $2.3 trillion in Main Street loans as part of coronavirus…
The U.S. Federal Reserve is working on providing up to $2.3 trillion in loans to support American households and…