Exxon Mobil beats earnings expectations as increased output from Guyana and the Permian Basin offsets supply losses from the Middle East conflict.

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.

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.

Fed's Kashkari objects to policy statement, citing Iran war inflation risks.

Minneapolis Federal Reserve Bank President Neel Kashkari wrote that heightened inflation risks from the Iran war led him to object to the Fed policy statement.