Aug 28, 2015 at 20:19 | Source: CNBC
Markets across the globe have been taken for a ride this week, with the Dow Jones industrial average having traveled more than 10,000 points ahead of Friday's open amid global growth concerns.
Aug 28, 2015 at 20:17 | Source: Reuters
St. Louis Fed President James Bullard told Reuters he still favored hiking rates at the Fed's next policy-setting meeting in mid-September, though he added the US central bank would be hesitant to do so if markets were still volatile at that time.
Aug 28, 2015 at 17:23 | Source: PTI
The central bank has cut rates thrice by a cumulative 0.75 percent this year and with positive inflation data emerging, pressure has been increasing on it to cut lending rates further, which can boost the recovery.
Aug 28, 2015 at 16:58 | Source: Reuters
The People's Bank of China cut interest rates and lowered the amount of reserves banks must hold for the second time in two months on Tuesday, acting amid pressure from a global stock market rout and massive outflows from its markets.
Aug 28, 2015 at 12:52 | Source: Reuters
Yao Yudong, head of the bank's Research Institute of Finance and Banking, said the US central bank should delay any rate hike to give fragile emerging market economies time to prepare.
Aug 28, 2015 at 12:51 | Source: Reuters
The median from survey of 21 economists showed a 60 percent chance that the central bank would cut its policy repo rate from 7.25 percent at the next meeting, whereas a previous poll in July had shown a move was more likely in the final three months of the year.
Aug 28, 2015 at 11:53 | Source: Reuters
While the Bank of Japan has said it will look through the effect of slumping oil costs on inflation, the weak figures will keep it under pressure to expand its massive stimulus programme.
Aug 28, 2015 at 10:33 | Source: CNBC
The core consumer price index (CPI), which excludes volatile prices of fresh food but includes prices of oil products, was flat in July from the year-ago period, government data showed on Friday, compared with Reuters' forecast for a drop of 0.2 percent and down from a 0.1 percent rise in June.
Aug 28, 2015 at 08:04 | Source: CNBC
Federal Reserve Bank of Kansas City President Esther George said Wednesday it's important for the nation's central bank to understand this week's extreme stock market volatility, but cautioned that markets are focused on the near term.
Aug 27, 2015 at 18:38 | Source: Reuters
Gross domestic product expanded at a 3.7 percent annual pace instead of the 2.3 percent rate reported last month, the Commerce Department said on Thursday in its second GDP estimate.