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Kashkari: Uncertainty around oil shock means Fed should acknowledge risk of rate hikes

Kashkari: Uncertainty around oil shock means Fed should acknowledge risk of rate hikes

By Howard Schneider WASHINGTON, May 1 (Reuters) - The U.S.-backed war with Iran could change the inflation outlook enough to force the Federal Reserve into "potentially a series" of rate hikes to defend the central bank's 2% inflation target, Minneapolis Fed president Neel Kashkari said in
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Federal Reserve Maintains Interest Rates Amid Rising Inflation Concerns

Federal Reserve Maintains Interest Rates Amid Rising Inflation Concerns

Federal Reserve Maintains Interest Rates Amid Rising Inflation Concerns
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Bank of England set to join Fed in keeping rates on hold as it weighs impact of Iran war

Bank of England set to join Fed in keeping rates on hold as it weighs impact of Iran war

The Bank of England is expected to announce it's keeping interest rates on hold as policymakers assess the economic impact of the Iran war and Tehran’s effective closure of the Strait of Hormuz, through which a fifth of the world’s crude passes in peacetime
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Bank of England joins other central banks in freezing rate cuts as Iran war upends global economy

Bank of England joins other central banks in freezing rate cuts as Iran war upends global economy

The Bank of England is keeping its main interest rate on hold at 3.75% as policymakers assess the economic impact of the Iran war and Tehran’s effective closure of the Strait of Hormuz, through which a fifth of the world’s crude passes
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Bank of England sits tight on interest rates like US and Japan as Iran war upends the global economy

Bank of England sits tight on interest rates like US and Japan as Iran war upends the global economy

The Bank of England is keeping its main interest rate on hold at 3.75% as policymakers assess the economic impact of the Iran war and Tehran’s effective closure of the Strait of Hormuz, through which a fifth of the world’s crude passes
AP News AP News
Bank of England keeps interest rate on hold at 3.75% as it weighs impact of Iran war on UK economy

Bank of England keeps interest rate on hold at 3.75% as it weighs impact of Iran war on UK economy

The Bank of England is keeping its main interest rate on hold at 3.75% as policymakers assess the economic impact of the Iran war and Tehran’s effective closure of the Strait of Hormuz, through which a fifth of the world’s crude passes
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Iran War's Impact on U.S. Economy: Rising Inflation and Consumer Strain

Iran War's Impact on U.S. Economy: Rising Inflation and Consumer Strain

Iran War's Impact on U.S. Economy: Rising Inflation and Consumer Strain
Reuters Reuters
Traders temper euro zone rate hike bets as ECB grapples with Iran war impact

Traders temper euro zone rate hike bets as ECB grapples with Iran war impact

By Harry Robertson and Amanda Cooper LONDON, April 30 (Reuters) - Traders on Thursday slightly tempered their bets that the European Central Bank will hike interest rates three times this year, after policymakers flagged the trade-off between rising inflation and the hit to growth from higher energy
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U.S. Stock Market Rebounds Amid Iran Conflict and Economic Uncertainty

U.S. Stock Market Rebounds Amid Iran Conflict and Economic Uncertainty

U.S. Stock Market Rebounds Amid Iran Conflict and Economic Uncertainty
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Iran Conflict Challenges President Trump's Economic Claims Amid Rising Oil Prices

Iran Conflict Challenges President Trump's Economic Claims Amid Rising Oil Prices

Rising oil and gas prices triggered by the U.S. conflict with Iran are undercutting President Donald Trump’s long-running claims of a booming American economy. The energy shock is hitting just as inflation remains stubborn and the Federal Reserve weighs whether higher costs have closed the door on interest-rate cuts this year. Households and businesses are already feeling the impact through higher fuel prices and growing uncertainty, with economists warning the economic fallout could linger well beyond the war itself. The conflict has introduced a significant new source of economic risk, with Iran’s disruption of traffic through the Strait of Hormuz rattling markets and driving a rapid rise in energy prices.
Reuters Reuters
Fed likely to hold rates steady at what may be last meeting of Powell era

Fed likely to hold rates steady at what may be last meeting of Powell era

By Howard Schneider WASHINGTON, April 29 (Reuters) - The Federal Reserve is expected to hold interest rates steady on Wednesday as officials debate whether to flag risks of rising inflation in a policy statement issued after what may be Jerome Powell's final meeting as head of the U.S. central bank.
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Federal Reserve Faces Division as Powell Concludes Chairmanship

Federal Reserve Faces Division as Powell Concludes Chairmanship

Federal Reserve Faces Division as Powell Concludes Chairmanship