Gulf central banks raise rates in lockstep with the Fed
Gulf central banks lifted key interest rates on Wednesday, matching a quarter-point increase from the U.S. Federal Reserve. Saudi Arabia,…
World News
Global economic and financial news — Federal Reserve decisions, geopolitical events, trade policy and macroeconomic data that move financial markets worldwide.
Treasury convenes global banks to advance Iran financial isolation push
The US Treasury's FinCEN convened global financial institutions this week to advance Operation Economic Outcast, the campaign isolating Iran financially….
House set to pass Russia sanctions bill named for Lindsey Graham
The U.S. House is set to pass a Russia sanctions bill on Wednesday, sending it to President Donald Trump's desk….
Fed set for first rate hike since 2023 as oil and inflation pressures build
The Federal Reserve looks set to raise its benchmark rate for the first time since July 2023, with traders pricing…
House passes resolution urging Trump to halt military action against Iran
The U.S. House of Representatives passed a resolution urging President Donald Trump to halt military action against Iran, with seven…
