Federal Reserve Bank of Cleveland President Beth Hammack said it’s reasonable to hold interest rates steady for now given uncertainties about the economic outlook, but officials may need to act soon to address elevated inflation. https://t.co/odqYMgygnf
The EU is at risk of losing more than 1 million jobs this year over the Iran war’s economic fallout and rising global competition https://t.co/PZZ6Z8D0fF
The Bank of England will keep interest rates on hold this year despite rising inflation because the energy shock will be “transitory,” the OECD expects https://t.co/YytwIPa24v
The Bank of Japan needs to keep raising interest rates in response to developments in the economy and inflation, Governor Kazuo Ueda said https://t.co/rguZXvMtNi
The Trump administration sanctioned Iran’s biggest cryptocurrency exchange and three other entities in a continued effort to pressure the Islamic Republic into a deal to wind down President Donald Trump’s war https://t.co/e07CkFsi33
A month after President Donald Trump announced — and then abandoned — a plan to escort commercial ships through the Strait of Hormuz, the US military is trying less public ways of protecting vessels in the vital waterway https://t.co/4yiiBApoLI
The US is proposing tariffs of at least 10% on imports from most major trading partners following an investigation into forced-labor practices, as Trump seeks to rebuild the sweeping tariff wall struck down by the US Supreme Court https://t.co/3FNA6E1eMp
US manufacturing activity expanded in May at the fastest pace in four years, bolstered by a pickup in new orders and production. https://t.co/D5cG8vUbuv
US oil refiners are running their plants harder than usual, with some even putting off maintenance, as strong profits and steady demand for fuels tempt the processors to run plants near maximum capacity https://t.co/v7YGAbr4D3
China’s central bank reduced the size of its daily open-market operation to a record low, extending efforts to absorb excess cash as a rally in bonds drove benchmark yields to their lowest since August https://t.co/FaEZjmnTH5
Insight Investment is the latest asset manager to take a punt on long term UK bonds after this year’s selloff, betting that the highest yields in the developed world will be enough to make up for the risks https://t.co/WMan7IM4va
UK mortgage approvals unexpectedly rose in April as the housing market displayed continued resilience to the fallout from the Iran war https://t.co/KHlK7XAgUh
Japan’s 10-year government bond auction draws stronger demand than its 12-month average as investors are attracted to high yields despite the ongoing uncertainty in the Middle East https://t.co/ArGr9QDBa1