Markets On Edge As US Fed Meets To Tackle High Inflation
Markets expect a 25-basis-point increase as the Federal Reserve weighs persistent inflation, rising energy costs and renewed pressure on technology stocks.
- The national average price of diesel in the United States reached a record $6.2694 a gallon on Tuesday, according to AAA fuel price data, marking sharp escalation since the start of the US-Israel war against Iran.
- Yemen's Houthi rebels seizing a crucial shipping outlet in the Middle East drove crude oil prices to more than $100 a barrel, intensifying pressure on central banks to raise borrowing costs.
- The Federal Reserve begins a key rate-setting meeting Tuesday with markets expecting a hike to tackle persistently high inflation, as United States bond yields rallied and equities retreated amid volatility.
- European and Asian stock markets dropped Tuesday after Wall Street kicked off the week with losses, reflecting investor anxiety over interest rates and ongoing volatility.
- While Microsoft published a "humanist AI code of conduct" to address growing concerns, President Donald Trump dismissed fears that artificial intelligence could wipe out humanity, rejecting calls for guardrails.
25 Articles
25 Articles
The Korea Times
Markets on edge as US Fed meets to tackle high inflation
LONDON — Oil prices jumped, U.S. bond yields rallied and equities retreated Tuesday as the Federal Reserve looked set to raise interest rates, with...
The sharp rise, very unpopular in the United States, contradicts President Donald Trump's repeated promises to lower prices
TVA Nouvelles
U.S. diesel recorded a new record at the pump on Tuesday at almost $6.27 per gallon in the U.S.
U.S. diesel recorded a new record at the pump on Tuesday at nearly $6.27 a gallon in the U.S., blazing with continued tensions in the Middle East and attacks by Russian refineries by Ukraine.
The US president said Monday that Ukraine and Russia had committed to stop attacking the other side's energy infrastructures, a day after criticizing Kiev for its attacks on Russian diesel refineries.
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