Bank of England chief economist calls for more urgent interest rate hikes, citing slowing inflation progress amid the conflict in Iran.

Dallas Fed President Logan dissents at FOMC, warns against signaling imminent rate cuts. She says next move could be hike or cut amid high uncertainty.

Dallas Federal Reserve President Lorie Logan dissented at the latest FOMC meeting, warning against guidance that implies imminent rate cuts and stating the next move could still be a hike or a cut due to high uncertainty.

UN Secretary-General Antonio Guterres warns that a prolonged closure of the Strait of Hormuz could trigger a global recession and push millions into extreme hunger due to fertilizer supply shortages.

UN Secretary-General Antonio Guterres warned that a prolonged closure of the Strait of Hormuz could push 32 million people into poverty and 45 million into extreme hunger due to fertilizer supply disruptions. Guterres stated that continued disruptions through the end of the year could drive inflation above 6% and trigger a global recession.

Nike executive Heidi O'Neill is set to take over in September, a move that has reportedly drawn dissatisfaction from investors.

Longtime Nike executive Heidi O’Neill is set to take over in September, a move that has reportedly drawn dissatisfaction from investors.

Two Federal Reserve officials dissented from this week's policy statement, stating that signaling future interest-rate cuts is no longer appropriate.

Two Federal Reserve officials dissented from this week's policy statement, arguing that signaling future interest-rate cuts is no longer appropriate.