Interest Rates news
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Iran deal may ease fuel costs, but bills and rates face a slower turn
A US-Iran agreement points to a reopening of the Strait of Hormuz, but delayed talks on harder issues leave questions over how long the economic relief will last
Trump’s trust gives Kevin Warsh room to reshape the Fed
Markets expect the new Fed chair to hold rates steady Wednesday, but his bigger test is whether he can build support for longer-term changes inside the central bank
ECB raises rates to 2.25% as Iran war fuels inflation
The quarter-point move, the bank’s first hike since 2023, came with higher inflation forecasts and a weaker growth outlook for the euro zone
Energy shock puts ECB on course for expected rate hike
Policymakers are expected to lift the deposit rate by 25 basis points as rising oil and gas costs feed inflation concerns across the euro zone
Bank of Canada holds key interest rate at 2.25%
The fifth straight pause leaves the central bank balancing inflation pressure from higher energy prices against signs of economic weakness
Asian stocks slide as tech sell-off and Middle East strikes unsettle markets
South Korea’s Kospi triggered a trading halt after a sharp opening fall, while oil prices swung as Iran and Israel exchanged attacks
Core PCE inflation rose 3.3% in April, matching forecasts
The Fed’s preferred inflation gauge showed softer monthly core price growth, but headline inflation still reached 3.8% from a year earlier
Fed’s preferred inflation gauge rises to nearly three-year high under Warsh
The April PCE report showed inflation running at a 3.8% annual rate, adding pressure on the new Fed chief as energy costs climb and rate-cut hopes fade
Bond market pushes for tighter Fed stance as Warsh takes over
Ed Yardeni says the 2-year Treasury yield is flashing concern that rates are too low to contain inflation, while Treasury Secretary Scott Bessent argues the latest price surge should fade
ECB holds key rate at 2% as energy shock lifts inflation
The central bank kept policy steady Thursday but warned that inflation risks and growth risks have both intensified as the war in the Middle East pushes up energy costs