US mortgage rates hit nine-month high as inflation concerns grow
The interest rate on the most popular US home loan climbed to a nine-month high last week as elevated oil prices linked to the Iran war fueled inflation concerns and…
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Category: Business
US-Iran talks hang in balance after fresh strikes as markets watch for breakthrough
Negotiations between the United States and Iran entered a precarious new phase on Tuesday after overnight American strikes in southern Iran intensified fears of a wider regional confrontation. The escalation…
Weak inflows leave rupee exposed as oil prices stay high, warns ING
India’s rupee is under mounting pressure as oil prices stay elevated, with ING Economics ’ Deepali Bhargava warning that weak capital inflows, rather than the current account deficit, are driving…
US consumer confidence slips as Iran war-driven price pressures weigh on households
US consumer confidence edged lower in May as rising gasoline prices and growing concerns over the economic fallout from the conflict involving Iran continued to pressure household sentiment. Data released…
NZD/USD forecast: sits at a core level ahead of the RBNZ rate decision
The NZD/USD exchange rate pulled back today, May 25, as forex traders for the upcoming Reserve Bank of New Zealand (RBNZ) interest rate decision, which happens on Wednesday this week.…
Top Trump supporters blast his Iran deal to reopen Strait of Hormuz
President Donald Trump’s deal with Iran to reopen the Strait of Hormuz is drawing some notable critics who believe it is weak and will leave Iran better off and be…
Kevin Warsh signals reform push in first speech as Fed Chair
Kevin Warsh delivered his first public speech as chair of the Federal Reserve on Friday, outlining a reform-focused vision for the central bank while emphasizing that inflation can be lowered…
Iran’s control of Strait of Hormuz raises legal issues; reopening unlikely
Iran’s tightening grip on the Strait of Hormuz has left global energy markets and shipping in turmoil, with The Financial Times reporting that a full reopening of the waterway in…
Nomura now sees no Fed rate cuts in 2026 as inflation pressure builds
Nomura no longer expects the Federal Reserve to cut interest rates in 2026, marking a hawkish shift from its earlier view that the central bank would deliver two reductions later…