Tag: Economic policy
Turkey’s central bank keeps interest rate unchanged at 19%
ISTANBUL — Turkey’s central bank left its key benchmark interest rate unchanged at 19% on Thursday.
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US average mortgage rates mostly lower; 30-year at 2.93%
WASHINGTON — Mortgage rates were mostly lower this week as the economy continued to show signs of recovery from the pandemic recession and recent...
Biden signals equity focus with new AmeriCorps leader choice
President Biden plans to nominate Michael Smith to lead AmeriCorps, sending a strong signal of an intent to focus on racial equity at the...
Australia says it’s reached a free trade deal with Britain
CANBERRA, Australia — Britain and Australia had agreed on a free trade deal that will be released later Tuesday, Australian Trade Minister Dan Tehan...
EU, US close to deal to end Airbus-Boeing trade dispute
BRUSSELS — The United States and the European Union appeared close to reaching a deal to end a damaging dispute over subsidies to rival...
This Week: Retail sales, Fed policy update, Kroger earns
A look at some of the key business events and economic indicators upcoming this week:
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Delicate task for Fed: When to pull back on low-rate support
WASHINGTON — With inflation rising in a fast-rebounding economy, the Federal Reserve is poised this week to discuss when it will take its first...
Odds of settling US-EU trade rifts? Hope may outrun progress
WASHINGTON — President Joe Biden has vowed to mend America’s trade relations with its European allies, which were stretched to the breaking point by...
Biden, Johnson to stress close ties, manage differences
PLYMOUTH, England — Their nations may have a famed “special relationship,” but President Joe Biden and British Prime Minister Boris Johnson will meet for...
US budget deficit for current year hits record $2.1 trillion
WASHINGTON — The U.S. budget deficit hit a record $2.06 trillion through the first eight months of this budget year as coronavirus relief programs...