The Federal Reserve held rates at 3.75% to 4% on a 10-2 vote, with Lisa Cook and Beth Hammack wanting a hike. Chairman Kevin Warsh then said one 2027 meeting will carry no rate vote or statement, and the details
The European Central Bank raised rates for the first time in three years, lifting the deposit rate to 2.25 percent to fight inflation driven by the US-Iran war. It did so while
China's factory-gate prices rose 3.9 percent in May, the fastest in nearly four years, as the Iran war and the AI boom drove up energy and materials costs. Consumer inflation stalled at
TSMC's finance chief told the BBC that inflation has pushed up costs and price rises are not ruled out, though nothing sudden. With Nvidia, AMD and Apple downstream, the question is not
A new AP-NORC poll released on the eve of America's 250th anniversary finds that only one-third of Americans believe the American Dream still holds true — with a stark generational divide revealing
US employers added 172,000 jobs in May 2026, roughly double Wall Street's 85,000 forecast, as the labor market shrugged off Iran war energy costs for a third straight month of six-figure gains.
The 30-year fixed mortgage fell to 6.48% from 6.53%, Freddie Mac reported Thursday, retreating from its highest level in nine months — but the Iran war's grip on oil prices and inflation
Initial unemployment filings surged to 225,000 last week, the highest since February, as American employers posted a near two-year record of 7.6 million job openings while slashing their actual hiring — a
The IMF told reporters Thursday that the American economy is growing at around 2 percent but faces a compounding inflation problem — trade tariffs pushing up goods prices from one direction and
The IMF's Julie Kozack said Thursday that European gasoline prices have risen 40% and jet fuel 35% since the Iran war began, as oil product reserves approach critically low levels. The Strait
The OECD's June 2026 Economic Outlook hands Britain a uniquely grim distinction: the steepest growth downgrade of any G20 economy, with public debt on course to breach 105% of GDP, unemployment climbing,
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