September’s rate hike may not be the Fed’s last
Two senior Fed governors say inflation is too high after five years above target. Their speeches suggest September's hike may not be the last.
The stories moving markets. The context that makes them make sense.
Two senior Fed governors say inflation is too high after five years above target. Their speeches suggest September's hike may not be the last.
The chipmaker's long-term forecast blew past Wall Street estimates at its Investor Day, lifting its shares and those of rival Broadcom.
With diesel prices near record highs, the White House has temporarily allowed farm-grade fuel on highways and deferred the federal diesel tax until year-end.
Job growth fell far short of forecasts and earlier months were revised lower, cutting the odds of another Federal Reserve rate hike in October.
Middle East crude exports are back near pre-war levels thanks to pipelines and ship-to-ship transfers, yet shipping risks and costs are keeping oil prices high.
Brazilian shares and the real surged after the right-wing challenger edged ahead of President Lula, raising investor hopes of tighter government finances.
America's trade gap widened 13.7% in August, its largest since the pre-tariff import rush of March 2025, as companies bought more chips, machinery and gold from abroad.