Federal Reserve

U.S. economic growth will take a hit this quarter from the longest-ever government shutdown, keeping the Federal Reserve on the sidelines until at least its April 30-May 1 meeting, a Reuters poll of economists showed.

The U.S. dollar retreated against the euro, giving up all the gains logged after a robust U.S. jobs report, following comments from Federal Reserve Chairman Jerome Powell that the U.S. central bank will be sensitive to the downside risks the market is pricing in.

Federal Reserve Chairman Jerome Powell said on Nov. 14 that the U.S. economy is performing well but he's eyeing potential risks ahead.

The US economy struck a peppy 3.9 percent annual growth rate in the second quarter, faster than originally thought and providing more fuel for a Fed rate hike, the Commerce Department said on Sept.25.

Turkey’s economy minister called on June 23 for a sharp rate cut a day before a meeting of the Central Bank.

“I don’t think anybody in Turkey will want high interest rates,” Nihat Zeybekci said.

“We expect the interest rates to be lowered as soon as possible” to the level before the big rate increase in January, he added.

Greece will auction 1.0 billion euros ($1.38 billion) of three-month treasury bills on May 13 to refinance a maturing issue, the country's debt agency PDMA said on Friday.