Kevin Warsh’s first meeting as Federal Reserve chair delivered no change to interest rates, with the FOMC holding the benchmark range at 3.50%–3.75%.
Federal Reserve Chair Kevin Warsh is expected to leave interest rates unchanged for an extended period, according to the latest CNBC Fed Survey of economists, strategists, and fund managers.
U.S. producer prices jumped 1.1% in May, well above expectations, pushing the annual wholesale inflation rate to 6.5% — the highest since November 2022.
Oil prices fell sharply on Tuesday, with WTI crude dropping nearly 4% after U.S. Energy Secretary Chris Wright said shipping activity through the Strait of Hormuz is increasing significantly.
The One Big Beautiful Bill Act, a new U.S. tax package that includes a range of benefits for high earners, has sparked concern among financial advisors and tax attorneys.
Anthropic has confidentially filed its IPO prospectus with the U.S. Securities and Exchange Commission, marking a key step toward a potential public listing in what could become one of the most significant AI-related market debuts in recent years.
Silver prices remain under pressure as analysts warn that last year’s explosive rally may now be hurting industrial demand for the metal.
UK government bond yields fell to five-week lows on Tuesday as investor concerns over domestic political instability began to ease.
U.S. long-term borrowing costs climbed sharply on Tuesday, with the 30-year Treasury yield pushing above 5.18%, its highest level since just before the financial crisis.
Chinese President Xi Jinping cautioned U.S. President Donald Trump that mishandling Taiwan could push U.S.-China relations into “great jeopardy,” as the two leaders opened high-level talks in Beijing focused on trade, security, and global stability.