The world's top three central banks look set to take steps to limit the eco...
TOKYO/FRANKFURT/WASHINGTON - The world’s top three central banks look set to take steps to limit the economic damage from the fast-spreading coronavirus, with the heads of the European Central Bank and Bank of Japan issuing emergency statements on Monday that echoed one from U.S. Federal Reserve Chair Jerome Powell late last week.
The reassurances from the world’s leading finance officials were a main catalyst behind Monday’s global rebound in stock markets, which had suffered breathtaking losses in late February as it became evident the virus would not be contained to its original epicenter in China. “The news of tomorrow’s G-7 finance minister and central banker call to discuss a coordinated response clearly increases the potential that the Fed could move this week,” JPMorgan’s chief U.S. economist Michael Feroli said in a note.
Indeed, with rates in Japan and Europe already in negative territory, those doubts are even more amplified, suggesting the BOJ and ECB will seek alternatives to simply cutting rates.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
What A $500,000 House Looks Like In The Nation’s Top CitiesTwo lucky Super Bowl views could get $500,000 toward their dream home. Here's what that home might look like in the nation's biggest cities.
Read more »
Bernie Sanders is top second choice candidate for Pete Buttigieg voters: pollTwenty-one percent of former South Bend, Indiana Mayor Pete Buttigieg's first-choice supporters said their second pick would be Vermont Sen. Bernie Sanders.
Read more »
NFL combine winners, losers: Isaiah Simmons stands alone among top performersThe NFL scouting combine featured plenty of players who turned heads, but Clemson linebacker Isaiah Simmons was in a class of his own.
Read more »
TV Ratings: 'American Idol' Stays on Top, 'Little Big Shots' SlipsABC's talent competition takes another small decline Sunday but remains the night's top show in adults 18-49 by a healthy margin.
Read more »
Top US General says military preparing for all coronavirus scenarios, including potential pandemicThe US has canceled a joint military exercise with Israel due to the coronavirus, a US defense official told CNN Monday.
Read more »
Elizabeth Warren: Trump’s Capture of Our Courts Is a Top Priority'To fight back and to preserve our hard-won victories for a new generation of women, we need to reform our courts and take back our government.' –ewarren
Read more »