Monetary policy

This Feb. 18, 2020, photo shows a real estate sign in front of a home for sale in San Francisco. On Thursday, Feb. 27, Freddie Mac reports on this week’s average U.S. mortgage rates. (AP Photo/Jeff Chiu)
March 05, 2020 - 2:26 pm
The average rate on a 30-year fixed mortgage has hit a record low of 3.29%, driven down by investors shifting money into the safety of U.S. Treasurys as the coronavirus outbreak has deepened. This new average, down sharply from last week's 3.45%, is the lowest for a 30-year fixed mortgage since...
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A currency trader wearing a face mask watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, March 5, 2020. Asian shares rose Thursday, taking their cue from a surge on Wall Street as governments and central banks took more aggressive measures to fight the virus outbreak and its effects on the economy.(AP Photo/Ahn Young-joon)
March 05, 2020 - 2:00 am
TOKYO (AP) — Asian shares rose Thursday, taking their cue from a surge on Wall Street as governments and central banks took more aggressive measures to fight the virus outbreak and its effects on the economy. Japan's benchmark Nikkei 225 rose 1.1% to 21,329.12. Australia's S&P/ASX 200 added 1.1...
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Traders gather at a post on the floor of the New York Stock Exchange, Wednesday, March 4, 2020. Stocks are surging in early trading on Wall Street, led by health care stocks after Joe Biden scored a number of Super Tuesday wins. (AP Photo/Richard Drew)
AP Newsroom
March 04, 2020 - 4:50 pm
The Dow Jones Industrial Average soared more than 1,100 points, or 4.5%, Wednesday as governments and central banks around the globe took more aggressive measures to fight the virus outbreak and its effects on the economy. The gains more than recouped the market's big losses from a day ealier as...
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Travelers Meredith Ponder, left, and Coleby Hanisch, both of Des Moines, Iowa, wear masks to remind them not to touch their faces as they ride a train at Seattle-Tacoma International Airport Tuesday, March 3, 2020, in SeaTac, Wash. Six of the 18 Western Washington residents with the coronavirus have died as health officials rush to test more suspected cases and communities brace for spread of the disease. All confirmed cases of the virus in Washington are in Snohomish and King counties. (AP Photo/Elaine Thompson)
AP Newsroom
March 03, 2020 - 8:06 pm
PARIS (AP) — The coronavirus epidemic shifted increasingly westward toward the Middle East, Europe and the United States on Tuesday, with governments taking emergency steps to ease shortages of masks and other supplies for front-line doctors and nurses. “We are concerned that countries' abilities...
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Men work at a construction site with the Olympic rings in the background Tuesday, March 3, 2020, at Tokyo's Odaiba district. The spreading virus from China has put the Tokyo Olympics at risk. The Olympics are to open on July 24 - less than five months away. (AP Photo/Eugene Hoshiko)
March 03, 2020 - 5:01 pm
BERLIN (AP) — As the new coronavirus continues spreading, people are being asked to stop hoarding masks and athletes are being advised to refrain from high-fives. These are some of the latest developments Tuesday: MASK HOARDERS REBUKED Mask hoarders, take note. The head of the World Health...
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South Korean army trucks spray disinfectant as a precaution against the coronavirus on a street in Ulsan, South Korea, Tuesday, March 3, 2020. China's coronavirus caseload continued to wane Tuesday even as the epidemic took a firmer hold beyond Asia. (Kim Young-tae/Yonhap via AP)
AP Newsroom
March 03, 2020 - 11:25 am
WASHINGTON (AP) — In a surprise move, the Federal Reserve cut its benchmark interest rate by a sizable half-percentage point Tuesday in an effort to support the economy in the face of the spreading coronavirus. Chairman Jerome Powell noted that the virus “poses evolving risks to economic activity...
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FILE - In this Oct. 1, 2019, file photo, a man walks past the Reserve Bank of Australia in Sydney. Australia’s central bank on Tuesday, March 3, 2020 cut its benchmark interest rate by a quarter of a percentage point to a record low of 0.5% in response to the economic shock of the new coronavirus. (AP Photo/Rick Rycroft, File)
March 03, 2020 - 12:35 am
CANBERRA, Australia (AP) — Australia’s central bank on Tuesday cut its benchmark interest rate by a quarter of a percentage point to a record low of 0.5% in response to the economic shock of the new coronavirus. The reduction at the Reserve Bank of Australia’s monthly meeting is the first since...
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A woman wearing a mask stands near bull sculptures depicting prosperity along a retail street in Beijing on Tuesday, March 3, 2020. Asian shares rose Tuesday amid hopes that central banks will take action to shield the global economy from the effects of the coronavirus outbreak. (AP Photo/Ng Han Guan)
AP Newsroom
March 03, 2020 - 12:12 am
TOKYO (AP) — Shares in most Asian markets tracked overnight gains on Wall Street, but Tokyo's benchmark fell back Tuesday as gnawing concerns over the virus outbreak chilled buying sentiment. Traders were awaiting talks between central bankers and other financial leaders of the Group of Seven...
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A woman walks past an electronic board showing world currency exchange rates at a securities firm in Tokyo Monday, March 2, 2020. Share prices have charged back from their retreat last week, with mainland Chinese indexes gaining 3% as data showed progress in restoring factory output after weeks of disruptions from the viral outbreak. (AP Photo/Eugene Hoshiko)
March 02, 2020 - 7:55 am
LONDON (AP) — Mounting concerns about the economic impact of the new coronavirus outbreak saw gains in European stock markets wiped out Monday despite hopes of stimulus measures from major central banks. Wall Street was set to post more losses at the opening bell, coming on top of last week's drop...
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Trader Fred DeMarco works on the floor of the New York Stock Exchange, Friday, Feb. 28, 2020. Global stock markets are falling further on spreading virus fears. (AP Photo/Richard Drew)
AP Newsroom
February 28, 2020 - 6:18 pm
Stocks sank around the globe again Friday as investors braced for more economic pain from the coronavirus outbreak, sending U.S. markets to their worst weekly finish since the 2008 financial crisis. The damage from the week of relentless selling was eye-popping: The Dow Jones Industrial Average...
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