Iran War Keeps Fed's Inflation Gauge Above Inflation Target
The Fed's preferred gauge of monthly price increases grew at a slower pace in April but still remained above its preferred target rate.
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U.S. GDP Growth Revised Lower for First Quarter
The economy grew at a 1.6% annual rate, below earlier estimates, though corporate profits saw their largest year-over-year increase since 2021
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Stocks Lower After Fed's Preferred Inflation Gauge Grew at a Slower Pace
U.S. stocks are slipping after a cluster of government data offered a complicated progress report on the health of the U.S. economy.
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U.S. Jobless Claims Rose Last Week
U.S. jobless claims rose last week, a sign the labor market remains tentative amid economic uncertainty from the war in Ira
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April Durable-Goods Orders Beats Forecasts
Orders for durable goods grew at a strong pace in April, a second consecutive monthly increase, the Commerce Department said Thursday.
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Oil Prices Rise Again After U.S. and Iran Strikes. The Market Still Has Hope for Hormuz.
The U.S. launched fresh strikes against Iran while both sides continue to work toward a peace agreement.
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Canada 1Q Current Account Deficit Widens
Canada's current-account shortfall widened in the first quarter as the country's direct investment income surplus shrank.
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Some ECB Officials Were Open to Rate Rise in April
The account of the meeting underpins expectations for a move next month.
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Eurozone Business Confidence Inches Higher as Price Expectations Cool
Selling-price expectations eased across all business sectors, interrupting the steep upward trend seen in the last two months.
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Fed's Goolsbee Warns U.S. Economy Heading in 'Stagflationary' Direction
The Chicago Federal Reserve president warned that the persistent combination of energy shocks and stubborn inflation could push the U.S. economy into a "stagflationary" direction.
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U.S., Iran Exchange Fire for Second Time in Days
Iran launched a missile toward Kuwait that was intercepted by local forces, following U.S. strikes on Iran.
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Fed's Independence Still Under Threat, ECB's Lagarde Says
The capacity of policymakers to make decisions that might displease the government is under increasing threat, the head of the European Central Bank said.
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Bank of Korea Stands Pat But Signals Tighter Policy Ahead
South Korea's central bank held rates steady at its first meeting under Gov. Shin Hyun-song, though it signaled tighter policy ahead as it raised forecasts for economic growth and inflation.
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How Long Can Iran Withstand the Economic Pain of the U.S. Blockade?
Tehran is weighing whether it can weather economic hardship long enough to extract more concessions in talks with Washington.
(END) Dow Jones Newswires
May 28, 2026 11:00 ET (15:00 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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