Explore

Bessent says core inflation is going down, Fed will need to cut rates

Bessent says core inflation is going down, Fed will need to cut rates

By Andrea Shalal WASHINGTON, April 14 (Reuters) - U.S. Treasury Secretary Scott Bessent on Tuesday said he was quite confident that core inflation would continue to go down in the United States despite the Iran war, and repeated his call for the Federal Reserve to cut its interest rates.

US wholesale prices surged 4% last month after the war in Iran sent energy prices flying

US wholesale prices surged 4% last month after the war in Iran sent energy prices flying

U.S. wholesale prices surged last month as the Iran war drove up the cost of energy

Exclusive-US to allow waiver on Iran oil to expire, administration sources say

Exclusive-US to allow waiver on Iran oil to expire, administration sources say

By Timothy Gardner and Andrea Shalal WASHINGTON, April 14 (Reuters) - The Trump administration will allow a 30-day waiver of sanctions on Iranian oil at sea to expire later this week, two administration officials told Reuters on Tuesday, as the U.S. imposes a blockade on shipments from Iranian ports

Citing fallout from the Iran war, IMF cuts the outlook for global growth, expects higher inflation

Citing fallout from the Iran war, IMF cuts the outlook for global growth, expects higher inflation

The Iran war has stalled the world’s economic momentum this year, likely pushing growth lower compared to 2025, the International Monetary Fund warned Tuesday

IMF cuts growth outlook, warns of potential global recession if Iran war worsens

IMF cuts growth outlook, warns of potential global recession if Iran war worsens

By David Lawder WASHINGTON, April 14 (Reuters) - The International Monetary Fund cut its growth outlook on Tuesday due to Iran war-driven energy price spikes and supply disruptions and warned that the global economy would teeter on the brink of recession if the conflict worsens and oil stays above $

Diplomats try to arrange second round of US-Iran talks during first full day of American blockade

Diplomats try to arrange second round of US-Iran talks during first full day of American blockade

Diplomats worked through backchannels to arrange a new round of talks between the United States and Iran

US wholesale prices surged 4% last month after the war in Iran sent energy prices soaring

US wholesale prices surged 4% last month after the war in Iran sent energy prices soaring

U.S. wholesale prices surged last month as the Iran war drove up the cost of energy

Citadel's Ken Griffin says Iran war threatens global recession

Citadel's Ken Griffin says Iran war threatens global recession

WASHINGTON, April 14 (Reuters) - Billionaire investor Ken Griffin warned on Tuesday that the world could face a global recession if the Strait of Hormuz remains closed for a prolonged period.

The Latest: Israel and Lebanon hold rare talks as US-Iran standoff deepens

The Latest: Israel and Lebanon hold rare talks as US-Iran standoff deepens

Lebanon and Israel are holding their first direct talks in decades

Iran war weighs on global economy as IMF meeting starts

Iran war weighs on global economy as IMF meeting starts

By Mark John LONDON, April 13 (Reuters) - Alarm over the impact of the Iran war on the global economy grew on Monday with more countries announcing emergency support measures to combat rising energy costs, while others appealed for international support.

Morning Bid: Blockade takes its toll

Morning Bid: Blockade takes its toll

By Mike Dolan April 13 - What matters in U.S. and global markets today By Mike Dolan https://www.reuters.com/authors/mike-dolan/, Editor-at-Large, Finance and Markets Oil prices zoomed back above https://www.reuters.com/business/energy/oil-bounces-back-above-100-after-us-iran-talks-end-stalemate-

US and Iran end 21-hour ceasefire talks without agreement before Vance departs Pakistan

US and Iran end 21-hour ceasefire talks without agreement before Vance departs Pakistan

U.S. Vice President J