Sunday, November 29

Tag: Central Banks / Central Bank Events

Highlights: Quotes from Federal Reserve Chair Powell’s press conference

Highlights: Quotes from Federal Reserve ...

NEWS
WASHINGTON (Reuters) - The U.S. Federal Reserve and global central banks moved aggressively on Sunday to buttress a world economy unravelling rapidly amid the coronavirus pandemic, with the Fed slashing interest rates to near zero, pledging hundreds of billions of dollars in asset purchases and bac... ...
Japan’s Abe unveils ‘massive’ coronavirus stimulus worth 20% of GDP

Japan’s Abe unveils ‘massive ...

NEWS
TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe pledged on Monday to roll out an unprecedented economic stimulus package, equal to 20% of economic output, as his government vowed to take “all steps” to battle deepening fallout from the coronavirus. FILE PHOTO: An aerial view shows less than ...
Another black Monday as coronavirus response upends Wall Street

Another black Monday as coronavirus resp ...

NEWS
NEW YORK (Reuters) - Wall Street suffered its biggest drop since the crash of 1987 on Monday after unprecedented steps taken by the Federal Reserve, lawmakers and the White House to slow the spread and blunt the economic hit of the coronavirus failed to restore order to markets. The S&P 500 tu... ...