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Inflation report lands amid spiking oil prices, rising interest rates and Fed on fence

Inflation report lands amid spiking oil prices, rising interest rates and Fed on fence

Friday’s inflation report is shaping up to be among the most consequential in years

Federal Reserve Faces Political Pressure on Interest Rates Ahead of September Meeting

Federal Reserve Faces Political Pressure on Interest Rates Ahead of September Meeting

The Federal Reserve is under increasing pressure from President Trump and senior administration officials, including Vice President J.D. Vance and Treasury Secretary Scott Bessent, to maintain low interest rates or even implement cuts. This stance contrasts with the Fed's traditional independence from political influence. Federal Reserve Chairman Kevin Warsh previously opted to keep interest rates unchanged in July, despite forecasts for a hike. The upcoming Federal Open Market Committee (FOMC) meeting on September 16th is highly anticipated, with prediction markets showing a split on whether the Fed will raise rates by 25 basis points or more. Inflation remains above the Fed's 2% target, fueled by energy supply-chain concerns linked to an ongoing military conflict with Iran. Recent economic data, such as the August jobs report, showed a stronger-than-expected addition of 162,000 jobs, which could support a rate hike. However, some argue that the August jobs report may not fully reflect the broader economi...

Morning Bid: Take a hike

Morning Bid: Take a hike

By Anna Szymanski Sept 11 (Reuters) - As summer fades, so have hopes for a quick resolution to the U.S.-Iran conflict, as tit-for-tat strikes, new threats in the Red Sea, and President Donald Trump's comments about the war lasting through November have all helped push crude prices back above $100 a

GOP Faces Challenges and Opportunities in Final Eight Weeks of Midterm Campaign

GOP Faces Challenges and Opportunities in Final Eight Weeks of Midterm Campaign

With 55 days remaining until Election Day, the Republican Party is confronting significant challenges as President Trump's 'midterm convention' commences in Dallas. The event, designed to boost GOP base turnout and fundraising, features President Trump delivering keynote and closing remarks. Republicans are grappling with an unpopular war in Iran, rising gas prices, and President Trump's low approval ratings, which are impacting the party's standing in national polls. The U.S. is seven months into an unpopular war with Iran, with increasing attacks from both sides and gas prices exceeding $100 per barrel. U.S. Central Command recently destroyed five Iranian oil tankers, while Iran launched ballistic missiles against U.S. forces in Jordan and threatened Bahrain and Kuwait. The Pentagon has not disclosed the war's cost to Congress, and the casualty count includes 18 U.S. service members dead and 820 wounded. President Trump's approval ratings are consistently below 40% in various polls, and the generic ballo...

The Latest: Vance and Trump set to speak on midterm strategy at Day 2 of GOP convention

The Latest: Vance and Trump set to speak on midterm strategy at Day 2 of GOP convention

Republicans are gathered in Dallas for the closing day of their party’s midterm convention

Midterm convention invites GOP to celebrate Trump's failure | Opinion

Midterm convention invites GOP to celebrate Trump's failure | Opinion

A proper title for the Republican Party's two-day midterm convention in Dallas is: 'We've performed terribly and made your lives worse. Please clap!'

The Latest: Republicans gathering for 'Trump-a-palooza' convention in Dallas

The Latest: Republicans gathering for 'Trump-a-palooza' convention in Dallas

Republicans are gathering in Dallas on Wednesday for a highly unusual midterm convention, a “Trump-a-Palooza” that will put Trump at the center of this fall’s midterm elections — whether the candidates running like it or not

Five big takeaways from Trump's midterm convention

Five big takeaways from Trump's midterm convention

By Tim Reid Sept 10 (Reuters) - President Donald Trump and his Republican Party wrapped up an unusual convention in Dallas on Thursday hoping to strengthen their midterm election prospects, gambling that a high-profile show of party unity will energize supporters and help Republicans defy historical

Global bonds fall as surging oil prices inflame inflation risks

Global bonds fall as surging oil prices inflame inflation risks

(Refiles to remove extraneous word from headline) By Stella Qiu SYDNEY, Sept 11 (Reuters) - Global bond yields spiked to new highs and sharemarkets slumped on Friday as soaring oil prices inflamed inflation risks, sending investors scrambling to price in more policy tightening from central banks

Roll out the $100 barrel

Roll out the $100 barrel

By Jamie McGeever ORLANDO, Florida, Sept 8 (Reuters) - A mood of nervous caution hung over U.S. markets on Tuesday, as flaring hostilities in the Middle East pushed oil to a six-week high and Brent crude futures close to $100 a barrel, while the Japanese yen extended its strong gains to hit a seven-

Oil prices keep rising and weigh on Wall Street

Oil prices keep rising and weigh on Wall Street

U.S. stocks are drifting lower in their return to trading following a three-day weekend

Trading Day: Roll out the $100 barrel

Trading Day: Roll out the $100 barrel

By Jamie McGeever ORLANDO, Florida, Sept 8 (Reuters) - A mood of nervous caution hung over U.S. markets on Tuesday, as flaring hostilities in the Middle East pushed oil to a six-week high and Brent crude futures close to $100 a barrel, while the Japanese yen extended its strong gains to hit a seven-