Prices
Chair nominee Kevin Warsh says Fed must ‘stay in its lane’ to maintain independence
Federal Reserve chair nominee Kevin Warsh said Monday the central bank must be largely independent of political influence but also should stay focused on its primary goals. In remarks to be delivered Tuesday to the Senate Banking Committee, Warsh also expressed firm commitment to fighting inflation with only one mention of the labor market. “Simply […]
Read More
China keeps benchmark lending rates unchanged as economic growth revs up, Mideast risks loom
BEIJING, CHINA – DECEMBER 22: A woman walks by the headquarters of the People’s Bank of China (PBOC) on December 22, 2025 in Beijing, China. Zhang Xiangyi | China News Service | Getty Images China held its benchmark lending rates unchanged for an 11th straight month, keeping its powder dry as policymakers weigh the economic […]
Read More
New York Fed President Williams worries war will slow growth, aggravate inflation
New York Fed President John Williams expressed concern Thursday about the Iran war’s impact on the economy, saying it already has shown signs of hiking prices and slowing growth. In a speech delivered to bankers in his home district, Williams noted that the conflict has “intensified the uncertainty” around national and local conditions. While he […]
Read More
ECB keeps markets guessing on rates with two weeks to go, warns of ‘layer cake of shocks’
With less than 2 weeks remaining until the next European Central Bank meeting, the bloc’s policymakers appear undecided on the future of interest rates. Financial markets are currently pricing in a hold at the April 29-30 meeting, followed by a hike in June, according to LSEG data. The majority of traders expect the ECB’s key […]
Read More
Here are all the ways the Iran war has affected the U.S. economy so far
In an aerial view, the Marathon Petroleum Corp’s Los Angeles Refinery is seen on April 02, 2026 in Carson, California. Justin Sullivan | Getty Images The Iran war is starting to show up in the U.S. economy in ways both obvious and not so much, with soaring energy costs leading the impact and potential hits […]
Read More
Central banks were buying gold at record levels. Here’s why they’re selling now
Gold’s pullback is exposing a rare shift in the market: after years of relentless accumulation, some central banks are now selling bullion as Iran war-driven pressures force a scramble for cash. Spot gold , which is currently trading at around $4,838 per ounce, has fallen about 10% from its late-January peak, slipping into correction territory […]
Read More
Treasury Secretary Bessent backs rate cuts but says he understands if the Fed wants to wait
watch now VIDEO1:5801:58 Treasury Secretary Bessent: Fed should wait and see on rate cuts Squawk on the Street Treasury Secretary Scott Bessent on Tuesday expressed confidence that inflation will moderate through the year, giving the Federal Reserve room to cut interest rates. Bessent added, though, that he understands if central bank policymakers take a cautious […]
Read More
Treasury yields are steady after light producer prices reading, fall in oil prices
A trader works on the floor of the New York Stock Exchange (NYSE) at the opening bell on March 5, 2026 in New York City. Angela Weiss | Afp | Getty Images Treasury yields held steady on Tuesday following a softer-than-expected producer price index reading and as oil prices slid amid the latest developments in […]
Read More
Oil soars again — Why the economy could be spared a 2022-style inflationary surge
Oil prices spiked once again on Monday morning, rebounding above $100 a barrel after Middle East peace talks in Islamabad faltered and reigniting fears of another energy-driven inflationary surge through the global economy. But the lasting impact from the energy price shock caused by the U.S.-Iran conflict could actually prove to be disinflationary for developed […]
Read More
Treasury yields rise as collapse of Iran talks clouds inflation outlook
Treasury yields edged higher on Monday as the breakdown of negotiations between Iran and the U.S. clouded the inflation outlook once again. The yield on the 10-year U.S. Treasury note — the benchmark for government borrowing — was up more than 1 basis point at 4.333%. The 2-year Treasury note yield, which is more sensitive to short-term Federal Reserve interest rate […]
Read More