Oil prices fell sharply Tuesday after Treasury Secretary Scott Bessent indicated there may be a deal to open the key Strait of Hormuz as soon as this week. Brent, the international oil benchmark, slid 5% to $79.51 per barrel. West Texas Intermediate futures lost 5.7% to settle at at $75.77. “We are in talks with…
Bond market investors may want to shift their focus toward the front of the yield curve, according to Allspring Global Investments’ Noah Wise. The bottom line: Focus exposure on short-term Treasurys over long duration. Wise, the firm’s head of global macro strategy and a senior portfolio manager, sees the strategy as part of a diversified…
U.S. President Donald Trump arrives with incoming Federal Reserve Chair Kevin Warsh for Warsh’s swearing-in ceremony at the White House in Washington, D.C., U.S., May 22, 2026. Jonathan Ernst | Reuters With inflation topping 4%, the Trump administration is easing off its long-standing calls for the Federal Reserve to immediately cut interest rates. That is…
Alan Greenspan, the longtime Federal Reserve chairman known as “the Maestro” who became one of the most influential economic policymakers of his era and famously warned of “irrational exuberance,” has died. He was 100. The influential economist died Monday from complications of Parkinson’s Disease, said his wife of 29 years, Andrea Mitchell, the chief Washington…
A man walks at a supermarket in Houston, Texas, on March 17, 2026. Ronaldo Schemidt | AFP | Getty Images Surging energy prices, rising import costs and mounting stagflation concerns are pushing markets to consider that the Federal Reserve’s next move could be a rate hike. Traders in the futures market pushed the probability of…
US President Donald Trump and Sanae Takaichi, Japan’s prime minister, during a meeting in the Oval Office of the White House in Washington, DC, US, on Thursday, March 19, 2026. Aaron Schwartz | CNP | Bloomberg | Getty Images Japanese Prime Minister Sanae Takaichi embraced President Donald Trump on Thursday, and not just on policy…
The war in Iran has caused oil prices to spike, prompting concerns about a resurgence of inflation. That has led Federal Reserve officials to raise the possibility that they may pause the Fed’s recent efforts to lower interest rates, or potentially even raise rates. But that is the Fed as it’s now known. The central…
Atlanta Federal Reserve President Raphael Bostic said Wednesday he will be leaving his position when his term expires in February. Bostic has been in his current role since June 2017 and is the first Black and openly gay regional president. His term, which also was marked by issues relating to personal investments he made, runs…
Lisa Cook takes the oath of office to serve as a member of the Board of Governors at the Federal Reserve System during a ceremony at the William McChesney Martin Jr. Building of the Federal Reserve May 23, 2022 in Washington, DC. Drew Angerer | Getty Images Every living former chair of the Federal Reserve,…
Stephen Miran, chairman of the Council of Economic Advisers and US Federal Reserve governor nominee for US President Donald Trump, during a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing in Washington, DC, US, on Thursday, Sept. 4, 2025. Daniel Heuer | Bloomberg | Getty Images The Senate is expected to vote Monday on…
