In a Shift, One Fed Policymaker Sees a Rate Hike Ahead
After two-and-a-half years of consensus at the Federal Reserve that the central bank's next move on interest rates will be downward, one Fed policymaker Wednesday penciled in a rate hike for next year.
Read more …
Federal Reserve Leaves Rates Unchanged, Projects One Rate Cut This Year
Federal Reserve officials expect the Iran war will worsen inflation this year while having little impact on growth, but they still expect to cut their key rate once in 2026.
Read more …
Report: US Oil Output Shields Against Supply Shocks
The United States is positioned to withstand major oil supply disruptions as the world's largest oil and natural gas producer, with output already at a record 13.6 million barrels per day and expected to climb toward 14 million, while additional drilling rigs are being brought back online.
Read more …
Iran War Upends Global Markets, Trade & Supply Chains
The U.S.-Israeli war on Iran is rattling businesses worldwide, driving up energy prices, squeezing supplies of critical raw materials and raising questions about the reliability of trade routes critical to the flow of goods from food to car parts.
Read more …
Wholesale prices rose 0.7% in February, much more than expected and up 3.4% annually
Wholesale prices rose sharply in February, providing another sign that inflation continues to percolate even aside from rising energy prices.
Read more …
Trump Moves to Lower Fuel Costs With Waiver
President Donald Trump's decision to issue a 60-day Jones Act waiver is aimed at easing pressure on American consumers and strengthening supply chains as U.S. forces continue executing Operation Epic Fury, according to the White House.
Read more …