Fed’s Preferred Inflation Gauge Expected to Hold Well Above 2% Target Wednesday
The Federal Reserve's preferred inflation gauge, the PCE price index, is due Wednesday and is expected to show core prices…
World News
Global economic and financial news — Federal Reserve decisions, geopolitical events, trade policy and macroeconomic data that move financial markets worldwide.
Trump predicts Iran war will end soon amid Hormuz talks
Iran's currency hit a record low as mediators circulated an amended plan for reopening the Strait of Hormuz. President Trump…
Trump and Xi extend trade truce to January but resolve little on rare earths, Taiwan and Iran
Donald Trump and Xi Jinping extended their trade truce to January 10, 2027, but left rare earth shortfalls, agricultural purchases…
US bans nearly $1bn in Canadian imports, deepening trade war
The United States banned nearly $1bn worth of Canadian imports early Tuesday, covering alcohol, dairy products and motorcycles. The move…
US consumer confidence sinks to more than a 12-year low as inflation and job fears mount
US consumer confidence sank to its lowest level since 2014 in September as households grew more pessimistic about prices and…
