Mar 10, 2016

European Central Bank surprises with strong stimulus action

The European Central Bank cut all its main interest rates, expanded its bond-buying stimulus program, and offered new cheap loans to banks, making an unexpectedly aggressive effort to boost inflation and economic growth in the 19 countries that share the euro. The steps on ...

Switzerland stuns markets by giving up on currency peg

Jan 16, 2015

Switzerland stuns markets by giving up on currency peg

Rarely has one statement prompted such a dramatic move in currency markets. The Swiss franc achieved a turbo-charged liftoff Thursday after the country’s central bank bowed to the inevitable and ditched an increasingly expensive policy to limit the export-sapping rise of the currency. Within ...

Jan 8, 2015

Fed looks past a world in turmoil, confident in U.S. recovery

U.S. central bankers have looked beyond a global deflation threat, fear of energy-sector bond defaults, and a surge of oil patch layoffs to reach what appears to be a firm conclusion: the U.S. recovery is here to stay. New trade data released on Wednesday ...