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Federal Reserve officials signaled that interest rate increases may be necessary if inflation pressures linked to the Iran war persist, according to minutes released Wednesday from the latest Federal Open Market Committe…
Global oil markets tightened sharply on Friday, May 22, 2026, as crude shipments through the Strait of Hormuz fell to 95 percent below normal levels amid an ongoing military conflict and stalled peace talks between the U…
Washington: Kevin Warsh was sworn in as Federal Reserve chair on May 22 at a White House ceremony, taking office after a year-long public audition and prior criticism of his predecessor. Supreme Court Justice Clarence Th…
Washington, United States – Minutes from the US Federal Reserve’s April Federal Open Market Committee (FOMC) meeting show policymakers have put the option of further interest rate increases back under active consideratio…
United States – U.S. mortgage rates have climbed again, adding pressure to households already struggling with housing costs. The average rate for a 30-year fixed mortgage has risen to 6.56%, the highest level in nearly t…
Washington — On Monday, the U.S. Treasury Department issued a temporary 30-day general license allowing energy-vulnerable nations to access Russian crude oil already loaded on tankers and stranded at sea. Treasury Secret…
The United States saw sharp turbulence in energy and financial markets after President Donald Trump issued a stark warning to Iran on Truth Social, stating that “the clock is ticking” and urging Tehran to act quickly. Th…
United States: Global risk assets declined after a sharp sell-off in sovereign bond markets forced investors to rapidly reassess the interest rate outlook and unwind leveraged positions. The US 10-year Treasury yield cli…
New York — United States financial markets reversed sharply on Friday, May 15, 2026, as a global bond sell-off and surging crude oil prices pushed long-term borrowing costs to their highest levels in years and knocked ma…
Gasoline prices in the United States have risen by $1.16 per gallon since the 2026 Iran war began, as the effective closure of the Strait of Hormuz restricts global oil and liquefied natural gas flows. Brent crude climbe…
United States financial markets are flashing prominent valuation warnings as the S&P 500 Shiller CAPE ratio climbs to 40, a level previously reached only in the late 1920s before the Great Depression and in 2000 ahead of…
WASHINGTON – U.S. President Donald Trump on Tuesday formally rejected Iran’s latest 14-point peace proposal, calling it “totally unacceptable” and a “piece of garbage,” and ordered preparations for an extended naval bloc…
United States. Gas prices increased across several regions this week, with GasBuddy and AAA reporting weekly and month-over-month gains on Monday. South Carolina's average rose to $4.11 per gallon, Rochester averaged $4.…
Washington — This week the administration said it supports pausing the federal gas tax temporarily to provide relief at the pump, with the energy secretary making the comment on Sunday and President Trump repeating the i…
U.S. gasoline prices have risen sharply since late February, placing significant financial strain on drivers with long commutes or driving-based jobs. Average regular gasoline climbed from $2.98 per gallon on February 28…
Federal Reserve officials signaled at their June policy meeting that interest rate cuts are unlikely until they gain greater confidence that inflation is moving sustainably toward the 2 percent target, according to minut…
U.S. consumer sentiment declined to a new all‑time low in May 2026 as higher gasoline prices and broader cost pressures weighed on household attitudes, according to preliminary data released Friday by the University of M…
Washington — The U.S. Labor Department reported on Friday that employers added 115,000 nonfarm payroll jobs in April, with the unemployment rate holding at 4.3%. Hiring gains were concentrated in healthcare (37,000) and …
NEW YORK — Global stock markets rallied on Wednesday as oil prices dropped sharply amid signs of progress toward a deal between the United States and Iran that could allow crude shipments to resume through the Strait of …
WASHINGTON — The American Automobile Association reported the national average price for a gallon of regular gasoline rose to $4.483 on Tuesday, an increase of nearly 3 cents overnight, as escalating tensions in the Stra…
Washington, IMF Managing Director Kristalina Georgieva told a Milken Institute conference on Monday that the continuation of the war in the Middle East into 2027 would push inflation higher and could force oil prices tow…
United States: Retail gasoline prices rose across multiple states this week, with AAA and GasBuddy reporting sharp increases on Monday and over the prior week. Florida's average climbed about 40 cents to $4.34 per gallon…
Washington — On Thursday, President Donald Trump signed an executive order directing the Treasury Department to create a government website, TrumpIRA.gov, to help Americans find and compare private-sector retirement savi…
Washington — The Commerce Department reported Thursday that the Personal Consumption Expenditures price index rose 0.7% in March from February and 3.5% year-over-year, the largest annual increase in nearly three years. G…
Global oil markets saw Brent crude jump above $126 a barrel, a four-year high, amid a sharp escalation between the United States and Iran over the Strait of Hormuz. According to administration officials cited in internal…