Global oil prices climbed sharply on Thursday, with Brent crude futures rising 3.7 percent to as high as $98.88 per barrel, the highest level in nearly two months and close to the $100 mark last seen in May. The move followed confirmation from U.S. Central Command that American forces had...
U.S. Treasury yields rose to multi‑month highs on Wednesday as escalating tensions with Iran and higher oil prices revived concerns about inflation and further Federal Reserve interest rate increases. Two-year yields, which are sensitive to interest rate expectations, climbed to 4.3105%, their highest level since February 2025, while the 10-year...
The U.S. administration under President Donald Trump is preparing to impose a new round of broad import tariffs before a temporary 10 percent global duty measure expires on Friday, July 24, 2026. Officials say the move is intended to avoid any legal or operational gap in the federal tariff regime...
WASHINGTON — President Donald Trump announced on July 21, 2026, that the United States will apply a 100 percent tariff on all imported generic drugs beginning in August 2028, following a two-year transition period with a zero tariff. After one year at 100 percent, the levy is scheduled to rise...
Washington — U.S. Treasury yields climbed to their highest levels in about two months on Tuesday as a sharp rise in oil prices intensified concerns about persistent inflation and a prolonged period of restrictive Federal Reserve policy. The two-year yield led the move, jumping to 4.2573% and driving a broad...
Washington, United States – The U.S. Bureau of Economic Analysis (BEA) will implement a major overhaul of the Personal Consumption Expenditures (PCE) price index, the Federal Reserve’s preferred gauge of inflation, with changes scheduled to take effect on September 30, 2026. The new methodology will be applied retroactively to data...
United States average gasoline prices climbed back above $4 per gallon on Monday, reaching $4.003, according to AAA data, as the Iran war intensified and renewed concerns about a global oil shortage. Prices at the pump jumped 13 cents, or about 3%, over the past week, returning to levels last...
On Monday, July 20, 2026, the average U.S. price for a gallon of regular gasoline reached $4.003, according to AAA data, returning to a level that heightens concern about consumer costs and inflation. The national average rose 13 cents in a week and stands 86 cents higher than a year...
Cleveland Federal Reserve President Beth Hammack warned that U.S. inflation remains “too high” and suggested she could support future interest rate increases, according to a social media post released this week. Hammack, a voting member of the Federal Open Market Committee, said discussions with business and community leaders point to...
Washington, United States – Federal Reserve officials are increasingly signaling support for potential interest rate hikes as U.S. inflation remains above the central bank’s 2% target, intensifying debate ahead of the July 2026 policy meeting. On Saturday, July 18, 2026, the final day before the Fed’s traditional pre-meeting communications blackout,...
