Oil prices turn lower on hopes for Iran deal; crude supplies are declining as travel season starts Memorial Day weekend
Physical supplies of oil through the Strait of Hormuz are 95% below regular levels.
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Global Economy Slowing as Middle East Conflict Bites, Surveys Show
Business activity in the U.S. grew at a steady pace in May while slowing in Europe and Asia as energy costs have risen.
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Stocks Perk Up Amid Hopes of Mideast Progress
Stocks turned modestly higher in afternoon trading on renewed hopes of peace progress in the Middle East.
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Mortgage Rates Hit a Nine-Month High in Blow to Prime Buying Season
The 30-year mortgage rate increased to 6.51% this week and looks poised to keep rising.
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Fed's Barkin Says Raising Rates Doesn't Address Supply Shock-Driven Inflation
Richmond Fed President said raising interest rates doesn't address the root cause behind supply-shock-driven inflation in a speech, but added that if inflation shocks persist the Fed may have no choice but to respond.
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Philly Fed Survey Shows Regional Manufacturing Stalled
Growth in manufacturing activity in the Philadelphia Fed's region pulled back in May, although firms remained optimistic about the forward outlook
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U.S Jobless Claims Fell Last Week
U.S. jobless claims fell last week, another sign the labor market remains stable despite economic uncertainty from the war in Iran.
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Kevin Warsh Wants to Remake the Fed. Here's What He Is Up Against.
The new Fed chair's framework has been consistent for two decades. The question now is how much of it his colleagues will accept.
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Extended Hold Might Be Enough to Contain Inflation, BOE's Taylor Says
The Bank of England might not need to raise its key interest rate to contain the inflationary pressures triggered by the Middle East conflict, the policymaker said.
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The Dangerous Brew That's Rattling Bond Markets
A mix of debt, inflation and populism has changed the interest rate landscape since 2020.
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U.K. Immigration Fell Sharply In 2025 As Further Curbs Planned
Economists worry that a sharp drop in immigration could weaken economic growth as the current workforce ages and starts to retire.
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Bank of Japan Policymaker Signals That Rate Hike Might Be Approaching
Policy board member Junko Koeda said Japan's underlying inflation is likely already at around 2%.
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Japan's Exports Accelerate But Middle East Risks Cloud Outlook
Japan's exports grew at a faster-than-expected pace in April, as a weak yen and resilient global demand offset the negative impact of Middle East tensions.
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Moody's Downgrades Mexico to Baa3 With Stable Outlook
According to Moody's, the downgrade reflects sustained weakening in fiscal strength and the expectation that a narrow revenue base and continued support for state oil company Petróleos Mexicanos will limit the country's ability to stabilize its debt.
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Fed Minutes Reveal Support for Rate Hikes if Inflation Proves Persistent
The Middle East war and an AI boom have reshaped the interest-rate outlook ahead of a leadership transition at the central bank.
(END) Dow Jones Newswires
May 21, 2026 15:00 ET (19:00 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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