Inflation
Federal Reserve raises interest rates and signals further hikes this year
The Federal Reserve approved a quarter-point interest rate increase to a range of 3.75% to 4.00%, marking the central bank's first rate hike in nearly three years.
Federal Reserve expected to raise interest rates for the first time in three years
Global financial markets brace for the Federal Reserve's first interest rate increase in three years as inflation pressures mount from the US war on Iran.
US diesel prices hit record high of $5.85 per gallon
Diesel prices have reached an all-time high amid geopolitical conflict with Iran, increasing costs for groceries and logistics.
US Federal Reserve holds interest rates steady in split decision
The Federal Reserve maintained its target interest rate range despite three dissenting votes from policymakers calling for a hike to combat persistent inflation.
China egg prices surge as farmers cull flocks amid economic volatility
A production paradox and rising fuel costs have sent Chinese egg prices soaring, impacting small vendors and consumers across the country.
Wall Street ends lower as chip weakness offsets solid earnings, economic data
Major U.S. stock indexes declined on Thursday as a steep decline in semiconductor stocks overwhelmed positive economic indicators.
IMF slashes global growth forecast citing US tariffs and trade disruption
The International Monetary Fund warns of a significant economic slowdown as US tariffs and Middle East volatility trigger market instability and rising energy costs.
US economy added jobs at a slower pace than expected in June
June payroll growth fell significantly short of expectations, signaling a cautious business outlook despite a slight dip in the unemployment rate.
Australian AI datacentre boom risks stoking inflation and housing shortages
A massive influx of AI infrastructure investment is sparking warnings from economists and officials over construction shortages and competition for industrial land.
US dollar on track for biggest monthly gain in nearly a year
The US dollar is on track for a 2.5% gain for June as investors react to rising inflationary pressures and expected interest rate hikes.