United States Fed chair Warsh leads pivotal inflation meeting

 

The US Federal Reserve opened a two-day policy meeting today, the first chaired by Kevin Warsh since his nomination by President Donald Trump in late January. Warsh takes over amid faster inflation and a strong labor market, with recent April consumer price data reinforcing concerns about persistent price pressures. Markets...

U.S.-Iran Deal Coincides with Nationwide Gas Price Declines

 

United States: Gas prices fell across several states this week after reports that the United States and Iran reached an agreement to reopen the Strait of Hormuz, officials and analysts said. GasBuddy and AAA data released Sunday showed national and state averages declining week-over-week, with local pump prices measured in...

Global oil prices surge on renewed Iran tensions

 

Global crude oil prices jumped 4.8% to $99.12 per barrel in early trading on June 13, 2026, after reports of renewed naval skirmishes in the Persian Gulf and fresh tanker attacks in the Strait of Hormuz. The move reversed a recent period of de-escalation between the United States and Iran...

New York stocks rally as Trump halts Iran strikes

 

United States financial markets surged in early trading on June 12, 2026, after President Donald Trump announced he had canceled planned military strikes against Iran. The S&P 500 rose 1.3%, the Dow Jones Industrial Average gained 1.6% or 802 points, and the Nasdaq composite advanced 1.8% as investors responded to...

United States inflation hits three-year high 4.2%

 

Consumer inflation in the United States reached 4.2% year-over-year in May, according to new Bureau of Labor Statistics data, marking the highest rate in three years. The increase is driven largely by higher energy and food prices, with energy-related costs feeding through to transportation and broader consumer goods. Core services...

Kentucky extends gas tax cut for select jurisdictions

 

Frankfort, Kentucky — Gov. Andy Beshear on Tuesday extended a May 5 executive order that reduced the gasoline tax by 10 cents for 33 cities and counties whose local officials requested an extension. The original order was issued with a 30-day period that would have ended on June 10; under...

Regional Gas Prices Fall Amid Middle East Volatility

 

United States: Retail gasoline prices fell across multiple states this week, with GasBuddy reporting week-over-week declines in South Carolina, Ohio and Michigan as of Monday and Sunday station surveys. State averages varied widely, with some stations reporting prices under $3.60 while others exceeded $4.40, and the U.S. average also declined...

United States Fed official signals possible rate hike

 

A Cleveland Federal Reserve official, Beth Hammack, a voting member of the Federal Open Market Committee, signaled that a monetary policy shift toward tighter conditions may soon be warranted following a strong U.S. jobs report released Friday. The May report showed the economy added 172,000 jobs, prompting traders to fully...

United States stocks slide as strong jobs data rattles

 

U.S. stock markets fell sharply after a stronger-than-expected May 2026 employment report heightened expectations of further Federal Reserve interest rate hikes. The Nasdaq Composite dropped 1,121.53 points, or 4.18 percent, to 25,709.43, its largest single-day point loss on record and steepest percentage decline since April 10, 2025. For the week,...

United States strikes Iran’s Qeshm Island targets

 

Global oil prices spiked on Wednesday, June 3, 2026, after U.S. forces conducted targeted airstrikes on military positions on Iran’s Qeshm Island in the Strait of Hormuz. Brent crude futures climbed toward $97–$98 per barrel, extending a third straight session of sharp gains. The Pentagon said the operation was a...