Fed's Barr Says More Rate Hikes Likely Needed to Return Inflation to Target
Federal Reserve Gov. Michael Barr said the economy has experienced a series of shocks over the past year and a half that has contributed to upward price pressures.
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U.S. Stocks Slip Ahead of Treasury Bond Buyback Reveal
U.S. stock futures slipped while Treasury yields and the dollar rose amid the Fed's shift toward a more hawkish stance against inflation .
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Trump's Oil Allies Fear Losing Battle in Bid to Stop Diesel-Export Ban
American oil companies are fiercely opposed to the president's nascent plan to ban exports of diesel, but vulnerable Republicans are putting pressure on him.
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Dollar Jumps to 8-Week High on Fed Rate-Hike Bets
The U.S. dollar rose to its highest level since late July against a basket of currencies Wednesday as markets bet on the Federal Reserve raising interest rates further.
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Global Economy Stronger Than Expected, But Threats Mount, OECD Says
A lengthy conflict in the Middle East in combination with other headwinds could take a big toll on activity around the world, the Paris-based research body said.
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Business Surveys Point to Surprise Pickup for Eurozone
Eurozone business activity rose in September at its fastest pace in almost three-and-a-half years.
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Oil Prices Rebound Amid Persistent Middle East Supply Risks
Prices reversed initial losses on Wednesday amid persistent supply risks, as investors weighed the prospects of improved Saudi export flows and U.S.-Iran diplomacy.
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AI Cycle Set to Offset Energy Hit for Asia Economies
S&P raised its baseline projection for Asia's 2026 gross domestic product growth to 4.6%, but noted that projections for strong growth this year and next don't mask the challenges.
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Trump-Xi Summit Could Reset Trade Tensions. 3 Things Investors Are Watching.
President Donald Trump and China's Xi Jinping are seeking stability as investors watch for progress on tariffs, trade deals, AI and Taiwan.
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Bank Indonesia Holds Steady as It Keeps Watchful Eye on Rupiah
Indonesia's central bank kept interest rates unchanged Wednesday, assessing the impact of rupiah-support measures as currency risks flared again.
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Trump Puts Legacy Ahead of Midterm Politics in Speech at U.N.
The president sees muscular foreign policy as a core part of his legacy, even if it is complicating Republicans' prospects in the coming election.
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