The European Central Bank on Thursday cut interest rates by 10 basis points to minus 0.3% and extended its massive bond-buying program as it attempts to inject life into the eurozone's creaking economy.
The International Monetary Fund's decision to include the renminbi in its reserve currency basket is a major benchmark in China's push to internationalize its currency, but it could also be a sign of decline for the currencies it is replacing.
7. Technical Barriers to Trade (TBT)
3. Textiles and Apparel The TPP Parties agree to eliminate tariffs on textiles and apparel, industries which are important contributors to economic growth in several TPP Parties’ markets.
SETTING REGIONAL TRADE RULES
On October 4, 2015, Ministers of the 12 Trans-Pacific Partnership (TPP) countries – Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, United States, and Vietnam – announced conclusion of their negotiations.
Federal Reserve Chair Janet Yellen said Wednesday that December would be a "live possibility" for a rate hike if the upcoming data are supportive.
The Reserve Requirement
Financial Institution Regulator
The Fed watches economic indicators closely to determine in which the direction the economy is going. By forecasting increases in inflation or slow-downs in the economy, the Fed knows whether to increase or decrease the supply of money.