Markets, trade, and economic policy worldwide
Brent crude oil prices on the ICE exchange in London have exceeded $120 per barrel for the first time since June 17, 2022, according to trading data.
Federal Reserve Chair Jerome Powell announced he will remain on the Fed board after his term as chair concludes until the Department of Justice investigation into the central bank is resolved.
Federal Reserve Chair Jerome Powell stated there is no immediate urgency to adjust policy language, noting that economic developments over the next 30 to 60 days could shift the outlook. Powell added that the latest policy decision was more closely contested than the previous one in March.
Federal Reserve Chair Jerome Powell stated that the number of officials viewing a potential interest rate hike as likely as a rate cut has increased.
President Donald Trump has selected Kevin Warsh to serve as the Chair of the Federal Reserve, while Jerome Powell will continue his tenure as a member of the Board of Governors.
Federal Reserve Chair Jerome Powell has confirmed he will remain in his position following the May 15 date.
Federal Reserve Chair Jerome Powell stated that near-term inflation expectations have increased.
Federal Reserve Chair Powell sees PCE inflation at 3.5% in March.
The Mexican government has announced a new requirement mandating that all federal infrastructure projects utilize domestically produced steel, a move framed as a response to recent United States tariffs.
US President Donald Trump stated that current economic conditions present an opportune moment to reduce interest rates.
Avis' CEO accused one of its biggest investors of likely triggering the steep stock-price plunge last week and possibly violating SEC rules.
The Federal Reserve has maintained interest rates at their current level for the third consecutive meeting, marking what is expected to be the final session chaired by Jerome Powell.
KoBold Metals, backed by billionaires Bill Gates and Sam Altman, has broken ground on what will be Zambia's largest copper mine, as the global race for critical minerals intensifies.
FEMA has announced it is implementing Immediate Needs Funding as its Disaster Relief Fund has dropped below the level required for normal operations, with only 30 days of capacity remaining.
Federal Reserve officials left interest rates unchanged, but revealed a deepening division over the outlook for policy amid increased uncertainty caused by the conflict in the Middle East.
The Federal Reserve passed a policy decision by an 8-4 vote, marking the highest number of dissents on a rate decision since October 1992.
The Federal Reserve has updated its characterization of inflation to 'elevated' from 'somewhat elevated,' attributing the change to global energy prices.
Four Federal Reserve officials dissented during the central bank's recent rate pause, marking the highest number of dissents in a single meeting since 1992. Three bank presidents advocated for removing the easing bias, while one governor dissented in favor of a rate cut.
The U.S. Federal Reserve has maintained interest rates at 3.75%, opting for no changes in its latest policy decision.
The Federal Reserve's latest interest rate decision and policy statement drew the highest number of dissenting votes since October 1992.
Brent Crude oil prices have risen above $119.50 per barrel, marking the highest price point recorded since June 2022.
Acting comptroller Jules Hurst testified before the House Armed Services Committee that the ongoing conflict in Iran has cost approximately $25 billion.
UK government borrowing costs have reached their highest level since 1998, coinciding with a sharp increase in global oil prices.
Paul Tudor Jones warns of a potential market crash of nearly 35%, citing an 'over-equitized' economy.
US Treasuries slumped, lifting yields to the highest levels this month, as mounting oil prices further eroded expectations for Federal Reserve interest-rate cuts.
Brown-Forman’s stock plummeted after the Jack Daniel’s whiskey maker announced it ceased short-lived discussions with French counterpart Pernod Ricard about a potential combination.
The Chinese government has threatened retaliatory measures against the European Union should the bloc move forward with a proposed ban on Huawei equipment.
Bill Ackman's $5 billion Pershing Square IPO is set to start trading, testing a Berkshire-style investment vision.
The German government has approved its 2027 budget framework, which includes €11.6 billion in aid for Ukraine and an increase in core defense spending to €105.8 billion.
Bank of Canada Governor Macklem stated that if higher energy prices start leading to ongoing generalized inflation, the central bank may need to implement consecutive increases in the policy rate.