Federal Reserve Chair Kevin Warsh speaks to reporters during his first news conference since taking the helm at the central bank on June 17, 2026 in Washington, DC. Chip Somodevilla | Getty Images Federal Reserve Chairman Kevin Warsh’s first big announced changes point toward a quiet revolution, with task forces set up to rethink virtually…
An employee counts genuine South Korean 50,000 won banknotes in this arranged photograph at the Counterfeit Notes Response Center of KEB Hana Bank in Seoul, South Korea, Aug. 14, 2017. The won advanced for the first day in four as top U.S. national security officials sought to damp down talk of am imminent war with North Korea following days…
Vessels in the Strait of Hormuz near the beach of Bandar Abbas, Iran, June 17, 2026. Amirhosein Khorgooi | Reuters Early signs that the Strait of Hormuz is reopening have eased the most acute threat to global energy supplies, but economic damages from the nearly four months of war will take months to unwind, analysts…
A newspaper featuring the headline story on indirect negotiations between Iran and the United States in Muscat, Oman, is displayed at a newsstand in Tehran, Iran, on April 12, 2025. Fatemeh Bahrami | Anadolu | Getty Images News that the U.S. and Iran had reached an interim deal may have brought some initial relief to…
The yen looked punch-drunk on Wednesday after a sudden spill overnight, pressured by wide interest rate differentials between Japan and the rest of the world. Bibek Raj Giri | Moment | Getty Images The Japanese yen breached the 161 level against the U.S. dollar late Thursday, creeping closer to a four-decade low and renewing speculation…
The yen rose on Monday, helped by comments from Bank of Japan Governor Kazuo Ueda who left the door open to a near-term rate hike. Javier Ghersi | Moment | Getty Images Japanese Finance Minister Satsuki Katayama is increasingly finding herself in an unenviable position on the foreign-exchange front. After deploying over 11.7 trillion yen…
An employee at the Celsior Wadamachi supermarket in Yokohama, Japan, on Thursday, Jan. 15, 2026. Soaring food costs are a key component driving broader inflation higher, with data Friday expected to show consumer price growth has stayed above the central bank’s 2% target for four straight calendar years. Bloomberg | Bloomberg | Getty Images Japan’s core inflation…
Kalshi traders see growing odds that the Federal Reserve will hike rates this year after central bank policymakers indicated that higher rates could be in the cards. Chances of a Fed hike in 2026 surged to 57% on Wednesday night, up from 35% on Monday, according to the prediction markets platform. Kalshi traders also see…
Federal Reserve Chairman Kevin Warsh’s tough talk on inflation Wednesday reverberated through financial markets, with traders expecting that the central bank could start jacking up interest rates in just a few months. Tapped to serve by President Donald Trump, who has repeatedly demanded lower rates, Warsh during a news conference instead focused on the battle…
The Federal Reserve and Chairman Kevin Warsh on Wednesday followed the script on interest rates closely, voting to keep the benchmark level steady, but dropped several surprises that kept markets guessing about where things are heading. Markets didn’t like it, with major averages swooning after the meeting and as Warsh spoke in his news conference….
