The U.S. and Japan have taken the rare step of intervening together in the currency market, buying yen after the battered currency’s prolonged decline against the U.S. dollar.
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Kevin Warsh’s Fed faces its first real rate-hike test
Federal Reserve Chair Kevin Warsh could deliver a major surprise today as policymakers conclude their two-day meeting. While most economists expect the Fed to keep its benchmark rate at 3.5%–3.75%, stubborn inflation and renewed energy-price pressures have put a quarter-point hike firmly back on the table. The Fed funds rate chart shows how quickly policy…
World Cup hosts show the tournament’s vast economic range
The U.S., Canada and Mexico are jointly hosting the 2026 FIFA World Cup, but IMF data shows a wide gap in GDP per capita across the three economies.
Failed Iran talks could complicate Fed rate outlook as oil-driven inflation rises
Interest rate cuts are no longer easy for the Fed. With ongoing Iran conflict and volatile oil markets, it may even consider rate hikes to ensure inflation remains stable.