NYC Bond Warning Puts Mamdani's Budget on the Line
Wall Street has delivered a clear message to Mayor Zohran Mamdani: rein in spending or risk higher borrowing costs that could ripple across the city's finances.
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Powell: Fed Not Ready Yet to Analyze Oil Inflation
Whether the U.S. Federal Reserve "looks through" the impact of Iran war-induced higher oil prices as it assesses inflation will partly depend on whether there is more progress this year in bringing down core inflation driven by goods prices, Fed Chair Jerome Powell said...
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Trump Admin Takes Steps to Curb Energy Cost Hikes
US President Donald Trump's administration scrambled Wednesday to rein in surging energy costs from war in the Middle East, temporarily waiving a century-old shipping law and easing Venezuela sanctions.
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Trump to Waive Summer Gas Rules to Ease Prices
The Trump administration is expected to announce soon that it will temporarily lift federal smog-cutting restrictions on summer-blend gasoline to curb rising energy prices stemming from the Iran conflict, according to three sources familiar with the matter.
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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.
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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.
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