1+ day, 2+ hour ago   (123+ words) “President Donald Trump reiterated that the U.S. should have the lowest interest rates in the world even as his handpicked chair for the Federal Reserve, Kevin Warsh, faces renewed pressure to raise borrowing costs,” Bloomberg reports. Said Trump: “We should…...

4+ day, 3+ hour ago   (324+ words) “The Treasury Department failed to cow the bond market Wednesday with its amped-up buyback announcement, as rates still rose,” Axios reports. “The reaction suggests that Treasury Secretary Scott Bessent’s unusual showdown with the markets could itself add to upward pressure…...

6+ day, 14+ hour ago   (136+ words) “The war in Iran has now cost U.S. consumers $100 billion in higher energy prices, and the bill is rising another $1 million about every two minutes, per a real-time estimate from Brown University as of Monday morning,” Axios reports. “Energy inflation…...

6+ day, 21+ hour ago   (151+ words) “With an insulted and angry nation solidly behind him, Prime Minister Mark Carney of Canada is charging ahead in a bitter trade war with the United States, risking a further fraying of what once was one of the world’s closest…...

1+ week, 3+ day ago   (125+ words) “The U.S added 162,000 jobs in August, the Labor Department reported Friday, a much-stronger-than-expected result that suggested the labor market shook off its early-summer doldrums,” the Wall Street Journal reports. “The unemployment rate stayed steady at 4.1%. That leaves it at…...

1+ week, 4+ day ago   (69+ words) “Oil prices are heading back toward $100 a barrel, and, perhaps more crucially, the price of diesel fuel futures is now sitting at an all-time high,” Axios reports. “Investors are starting to recognize that higher oil prices from the Iran war…...

2+ week, 2+ hour ago   (106+ words) “Central bankers’ great fear is that we’re entering a new era of ‘fiscal dominance,’ in which the money supply is being managed not to achieve low and stable inflation, but to help elected politicians avoid hard choices around taxes and…...

2+ week, 2+ day ago   (132+ words) “With markets wobbling and the world watching, Federal Reserve chairman Kevin Warsh went back to basics yesterday morning: He affirmed that the Fed is determined to get inflation down and may have to raise interest rates to accomplish it,” Axios…...