Fed Official Urges Caution on Rate Cuts as Iran War Drags On
Christopher J. Waller, a Federal Reserve governor, said he would support rate cuts later this year if the labor market continued to weaken. Read more
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Central Banks Brace for Inflation as Energy Prices Surge
Traders now expect Europe’s central bankers to raise rates this year to address a sharp increase in inflation because of higher energy prices. Read more
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U.S. Encourages Flow of Iranian Oil While It Battles Iran
Treasury Secretary Scott Bessent said removing sanctions on Iranian oil would lower global prices. Read more
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