Japanese markets reacted in a seemingly counterintuitive fashion on Friday after the country’s central bank hiked benchmark interest rates to their highest in 31 years. Interest-rate increases ordinarily support a country’s currency, push up its bond yields, and put pressure on its stock market. Japan’s currency, bond yields, and stock market did exactly the opposite….
Kevin Warsh, chairman of the US Federal Reserve, and Andrew Bailey, governor of the Bank of England at the Jackson Hole Economic Symposium in Moran, Wyoming, on Aug. 28, 2026. David A. Grogan | CNBC The Bank of England is widely expected to leave interest rates unchanged on Thursday, despite inflation rising well above its…
A person walks in front of a semi-truck parked at a cargo shipping container on a rail yard in Commerce, California on Aug. 26, 2026. Patrick T. Fallon | AFP | Getty Images Transportation companies, the lifeblood of the U.S. economy, are flashing warning signs as diesel costs hit records. Prices for diesel, the fuel…
A man pumps gas at an Exxon station as the price of oil and gas has surged amid the U.S.-Israeli conflict with Iran, in Washington, D.C., U.S., March 5, 2026. Ken Cedeno | Reuters Consumers are facing a double-whammy of jumping oil prices and Treasury yields amid the U.S. war with Iran that is leaving…
Customers re-fuel their cars at a petrol station as Brent crude oil prices hit $100 per barrel for the first time since May on July 23, 2026 in London, England. Leon Neal | Getty Images News | Getty Images The U.K.’s annual inflation rate jumped to 3.1% in August, pushed up by surging gasoline and…
Finance Minister Suahasil Nazara delivers remarks after being sworn in as Finance Minister at the Ministry of Finance in Jakarta, on September 14, 2026. Faisal Ramadhan | Nurphoto | Getty Images Indonesia just got its third third finance minister in two years, putting the spotlight on concerns plaguing Southeast Asia’s largest economy, with analysts flagging…
Sheldon Cooper | Lightrocket | Getty Images When BRICS leaders met over the weekend, they talked about the economic power of the Global South and the need to expand trade in local currencies, signaling a push to cut dependence on the greenback. The bloc aims to reduce its reliance on the greenback due to geopolitical…
Federal Reserve Chairman Kevin Warsh faces a tricky head count this week when he and his fellow policymakers decide on both the immediate and future path of interest rates. While markets have honed in on a near-certain quarter percentage point hike in Wednesday’s vote, it’s not at all clear how broad will be the margin…
Wage growth for U.S. workers has cooled substantially from the pandemic period while inflation remains elevated, a trend that is adding to economic pressures. Diy13 | Istock | Getty Images Americans face a renewed squeeze on their paychecks as inflation once again rises faster than wage growth, putting further pressure on consumer wallets. “A substantial…
Beef products are offered for sale at a grocery store on Sept. 10, 2026 in Chicago, Illinois. Scott Olson | Getty Images Consumer sentiment plunged in September amid heightened inflation fears, hitting its second lowest level on record on the University of Michigan’s monthly survey released Friday. The survey’s headline index hit a level of…