The Federal Reserve is expected to hold interest rates steady on Wednesday at the end of the first meeting chaired by Kevin Warsh, with a new policy statement and economic projections likely to reflect growing concern about the inflation stoked by the Iran war even as oil prices slide on peace deal hopes.
Category: News
Is the second half of 2026 when the U.S. consumer finally cracks and leaves the economy gasping for breath, or will rising inflation and strong investment and hiring force the Federal Reserve to hike interest rates to tame surging growth?
When Iranian Foreign Minister Abbas Araqchi announced the interim deal this week to end the war with the United States, he declared his country the victor. To many Iranians it does not feel that way.
Luigi Mangione, the man accused of gunning down a health insurance executive in Manhattan, plans to argue at trial that he was in a state of “extreme emotional disturbance” when he allegedly committed the crime, a judge revealed at a court hearing Wednesday.
While U.S. President Donald Trump has recently hailed the resumption of oil flows from Gulf allies, Iran, too, appears to be gearing up to resume exports and trading.
Qantas Airways on Wednesday announced London as the first destination for the world’s longest direct commercial flight, a roughly 20-hour trip from Sydney eliminating the traditional stopover on the “Kangaroo Route”.
U.S. retail sales increased more than expected in May, but a slowdown is likely as the cushion from larger tax refunds against higher prices diminishes.
Iran’s interim deal with the U.S. looks set to bolster Hezbollah’s political and financial hand in Lebanon, with Tehran promising more funding for its ally once cash starts to flow, according to four sources familiar with ties between Tehran and the group.
U.S. President Donald Trump on Wednesday said a Senate hearing on his nominee to lead U.S. intelligence, Jay Clayton, should be postponed, throwing plans for a swift confirmation into doubt just hours before the session.
U.S. supplies of progesterone are coming under strain, with patients, clinicians, and pharmacists reporting recent intermittent shortages of oral versions of the hormone used in many fertility and menopause treatments.