Sagar

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US targets Iran 'shadow banking' network with new sanctions

Wednesday on the United States Announced a new round of restrictions Targeting Iran’s “Shadow Banking” network is involved in the illegal trade of Iranian oil which is designed to fund Tehran’s Islamic Revolutionary Guard Corps (IRGC) and QUDS force. Treasury Department of Foreign Assets Control (ofac) The restrictions said The IRGC and the QDS force…

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Most Fed officials see rate cuts coming, but opinions vary widely on how many, minutes show

Federal Reserve officials diverged at their June meeting about how aggressively they would be willing to cut interest rates, split between concerns over tariff-fueled inflation and signs of labor market weakness and economic strength. Minutes from the June 17-18 meeting released Wednesday showed that policymakers largely held to a wait-and-see position on future rate moves….

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