After three successive interest rate cuts, the Federal Reserve on Wednesday made no change in its benchmark lending rate amid new economic uncertainties over the outlook for inflation and President Trump's continued threats of new tariffs and other measures.
Chairman Jerome Powell said the central bank is in wait-and-see mode amid mostly positive U.S. economic conditions.
The president says he wants Opec and Saudi Arabia to bring down the price of oil which he says is fuelling the Russia-Ukraine war.
Federal Reserve chair Jerome Powell on Wednesday did not comment on U.S. President Donald Trump's remarks from last week about demanding a fall in interest rates. Trump, speaking at the World Economic Forum at Davos-Klosters,
This uncertain outlook in oil markets could pose a challenge to Canada's economic stability, given its heavy reliance on oil exports. Falling crude prices threaten to widen Canada's trade deficit, which could weigh heavily on the Canadian dollar, already hovering at multi-year lows.
while OPEC output holds steady. This looming supply overhang could exacerbate the market’s oversupply, keeping prices in check. Federal Reserve and Dollar Strength Apply Additional Pressure The ...
The Federal Reserve on Wednesday will announce its latest decision setting the level of interest rates, just days after President Donald Trump called on the central bank to lower them. Investors widel
U.S. President Donald Trump said he would ask Saudi Arabia and other OPEC nations to 'bring down the cost of oil'.
Asian stocks fell broadly on Monday as investors reacted to weak Chinese data and awaited interest-rate decisions from the U.S.
Oil prices stabilized in Asian trade on Wednesday, supported by a smaller-than-expected rise in U.S. crude inventories. The American Petroleum Institute (API) reported a 2.86 million-barrel build for the week
Trump's words are moving mountains—and markets. The S&P 500 surged to an all-time high of 6,118.71, breaking its previous December record of 6,090.27.