As global markets continue to stumble this week, economists question whether the U.S. is strong enough to move away from crisis-level interest rates.
Muted inflation could prevent the central bank from lifting rates in September.
A growing number of economists say events in Greece, China and Puerto Rico may cause the U.S. central bank to hold off on interest rate hikes planned for later in 2015.
The unemployment rate is falling, and so is the number of Americans who are underemployed, according to Friday’s U.S. jobs report.
Markets are now focusing on the central bank's semi-annual report on the economic and price outlook, due later on Thursday.
China's central bank is reportedly planning to implement its own version of quantitative easing, in the form of "pledged supplementary lending."
Recent easing -- and the halving of crude-oil prices, supposedly a windfall for consumers -- have not changed the global outlook all that much.
After a brief rebound in February, the index has now been back in negative territory for two consecutive months.
The ECB is almost certain to keep rates unchanged at record lows at its meeting later in the day.
The IMF has cautioned that the economic recovery remains "moderate and uneven," beset by greater uncertainty and many risks.
The Monetary Authority of Singapore (MAS) said the city-state's economy was on track to meet the official forecast of 2-4 percent growth in 2015.
The euro is on track for its biggest quarterly drop since its 1999 inception as Greek debt crisis continues.
As widely expected, the BOJ maintained its stimulus program to print money at an annual pace of 80 trillion yen (444 billion pounds).
Four factors are pushing the euro toward parity against the U.S. dollar in 2015.
Investors were cautious Tuesday, driven by speculation the Federal Reserve would raise rates sooner than expected.
The European Central Bank announced its “QE” program will begin Monday, which will pump more than $1 trillion into the EU economy.
The European Central Bank will begin monthly purchases of 60 billion euros ($66 billion) of bonds on Monday.
The ECB has said its money printing would last "at least" until September 2016 and a "sustained adjustment" in inflation emerges.
Harsh winter weather affected consumer spending in early 2015, while declining oil prices are taking a toll on energy firms.
The PBOC made its move just days before China's national legislature meets to set the official economic growth target for 2015.
Weaker-than-expected inflation numbers suggest September will be the ideal time for the U.S. central bank to raise interest rates.
The RBI also announced a slew of initiatives to develop markets.