Fed Governor Waller says Iran war and labor market risks are keeping central bank on hold
Federal Reserve Governor Christopher Waller on Friday said current economic conditions are complicating the approach to interest rates.
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New York Fed President Williams worries war will slow growth, aggravate inflation
Williams noted that the conflict has "intensified the uncertainty" around national and local conditions.
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UK economy grew 0.5% in February, beating economists' expectations by a long shot
Economists polled by Reuters expected U.K. gross domestic product (GDP) to have expanded by 0.1% month-on-month.
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Japan pledges $10bn to help Asian countries deal with oil crisis
The aid is roughly equivalent to a years worth of crude oil imports by Asean countries.
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Daniel Duggan: Australian citizen and ex-US Marine pilot loses extradition appeal
Daniel Duggan was arrested in 2022 over claims he illegally trained the Chinese military in South Africa.
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Allbirds shares soar after pivot from footwear to AI
The company is selling off its shoe brand as it plans to shift to providing technology infrastructure.
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Here are all the ways the Iran war has affected the U.S. economy so far
The Iran war is starting to show up in the U.S. economy in ways both obvious and not so much.
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Geelong fire: Blaze at Australian oil refinery to impact petrol supplies
The fire has deepened fears over the nations petrol supplies amid a global crunch.
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Cleveland Fed President Hammack expects interest rates to stay on hold 'for a good while'
The central bank official advocated a patient approach as officials watch incoming data for clues about where the U.S. economy is heading.
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CEOs are betting AI will augment work rather than displace all workers
Panelists at the Semafor World Economy conference said artificial intelligence can supplement the work that's already done, improving its quantity and quality.
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Wholesale prices rose 0.5% in March, much less than expected despite war impact
The producer price index was expected to increase 1.1% in March, according to the Dow Jones consensus estimate.
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Oil prices ease on hopes of new US-Iran peace talks
Crude prices jumped above $100 on Monday after talks failed between the two sides at the weekend.
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Hormuz blockade could deepen worlds worst energy crisis — and risk a dangerous misstep
The U.S. naval blockade of the Strait of Hormuz threatens to halt more tanker traffic, sending oil surging and risks drawing China into a widening confrontation with Washington.
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Consumer sentiment hits record low, inflation fears rise amid Iran war
The university's headline index of consumer sentiment tumbled to 47.6, down 10.7% from March to its lowest on record.
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Inflation held sticky at 3% as U.S. headed into war with Iran, key Fed gauge shows
The gauge released Thursday offers the Federal Reserve a snapshot of conditions leading into the Iran war.
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Inflation gauge held sticky at 3% as U.S. headed into war with Iran, key Fed gauge shows
The gauge released Thursday offers the Federal Reserve a snapshot of conditions leading into the Iran war.
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Iran oil shock stirs memories of 1997 Asian Financial Crisis — but heres why history may not repeat itself
The Hormuz disruption is hammering Asian economies with surging energy costs and weakening currencies, but a repeat of the crisis three decades ago is unlikely.
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Markets shift back toward potential Fed rate cut this year with Iran ceasefire in place
Odds for a reduction jumped Wednesday morning, hitting about 43%, according to the CME Group.
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Markets shift back towards potential Fed rate cut this year with Iran ceasefire in place
Odds for a reduction jumped Wednesday morning, hitting about 43%, according to the CME Group.
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Oil back above $110 after expletive-laden Trump threat to Iran
The US president said Irans bridges and power plants would be destroyed unless it opened the Strait of Hormuz.
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