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Treasury Secretary Scott Bessent said the United States will apply economic measures against Iran that "have never been seen," describing a combined strategy of economic isolation and a continued naval blockade. "It will be a combination of economic isolation like the world has never …
Global stocks hovered around record highs Friday, on track for a third consecutive weekly gain after benign inflation data reduced expectations for a USInterest Ratehike next month. The advance came even as faltering talks to end the war in the Middle East pushed oil …
Cleveland Federal Reserve Bank President Beth Hammack reiterated her view that theCentral Bankshould raise interest rates immediately, arguing current policy is doing too little to restrain business borrowing andInvestmentamid inflation that remains above target. Speaking at the Dayton Area Chamber of Commerce in Dayton, …
Oil prices rose early Friday after the US said its naval blockade of Iranian ports could continue indefinitely, reviving concerns over energy flows through the Strait of Hormuz. Brent futures, the international benchmark, were 1.8% higher at $88.64 per barrel, while US West Texas …
US Treasury yields rose Friday after the US said its naval blockade of Iranian ports could continue indefinitely, adding a fresh layer of geopolitical risk to bond markets already digesting a week of inflation data. The yield on the 10-year Treasury note, the key …
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