11 stories
New Zealand's inflation rate is expected to hit a two-year high, driven largely by a spike in fuel prices caused by the Middle East war. Economists say the surge stems mainly from volatility in global energy markets.
Speculation that Japan's Government Pension Investment Fund, the world's largest pension fund, has been buying Japanese government bonds has moved bond yields and swayed the yen. Market participants are closely watching for signs of a shift in the fund's strategy.
With Federal Reserve Chair Kevin Warsh cutting back on public commentary, investment firms are turning to artificial intelligence tools to read the central bank's intentions. On Wall Street, traders have nicknamed the effort 'WarshGPT.'
New Federal Reserve Chairman Kevin Warsh avoided major stumbles during two days of testimony before the House and Senate. His commitment to price stability now faces a rapid, real-world test.
Reserve Bank of India governor Sanjay Malhotra identified the Iran war's pressure on oil prices and the trajectory of this year's monsoon rains as the two key risks facing India's economy. Malhotra said both factors will shape the outlook for inflation and growth.
South Korea's central bank has raised its policy interest rate for the first time since 2023, citing economic momentum driven by surging demand for AI chips. The decision underscores how much the export-driven economy is benefiting from the AI hardware boom.
Federal Reserve Chairman Kevin Warsh said Wednesday he communicates with Treasury Secretary Scott Bessent more often than their regular weekly meetings. Warsh insisted the central bank's policy decisions remain free of political influence.
Guatemala's real GDP grew 4.5% in the first quarter of 2026, up from 3.8% a year earlier, driven largely by a construction boom tied to a public-private motorway project. An IMF mission has since cut its full-year growth forecast, viewing the figure as the likely peak.
Federal Reserve Chairman Kevin Warsh appeared before the Senate Banking Committee as part of the congressionally mandated Capitol Hill appearances required of the central bank's leader. Warsh had spoken to the House Financial Services Committee a day earlier.
New York Federal Reserve President John Williams said the latest surge in US inflation has likely peaked, citing five reasons behind the assessment. He added that current interest rates are well positioned to guide inflation back toward the Fed's target.
China's economy grew 4.3% year-on-year in the second quarter, marking its slowest pace of growth in more than three years. Slowing investment is fueling calls for further government stimulus.