Some market pros believe the Federal Reserve may be more willing to risk recession with accelerated interest rate hikes after May’s super-hot inflation report.
Source
Markets expect the Fed will now be more willing to risk recession to fight hot inflation
World
The full list of U.S. tariffs in place around the world
President Donald Trump in the Oval Office of the White House in Washington, Aug. 6, 2025. Bonnie Cash/UPI/Bloomberg via Getty Images After months of policy pivots, delays and negotiations from President Donald Trump, dozens of key U.S. trading partners were hit Thursday with “reciprocal” tariffs on their exports to the country. “IT’S MIDNIGHT!!! BILLIONS OF […]
Read More
World
Russia and UAE double down on trade, testing U.S. limits
Russia’s President Vladimir Putin shakes hands with United Arab Emirates’ President Sheikh Mohammed bin Zayed al-Nahyan during a meeting in Saint Petersburg, Russia, October 11, 2022. Pavel Bednyakov | Sputnik | via Reuters DUBAI, United Arab Emirates — United Arab Emirates President Mohammed bin Zayed al Nahyan traveled to Russia on Thursday for his second […]
Read More
World
CNBC’s Inside India newsletter: India’s oil options in a post-Russia world
This report is from this week’s CNBC’s “Inside India” newsletter. Like what you see? You can subscribe here. The big story If refineries are the oil industry’s children, India’s got plenty of mouths to feed — and U.S. tariff threats over Russian crude are imperiling a distinctly affordable meal ticket. This week, U.S. President Donald Trump […]
Read More