macro

Markets expect central bank to lift borrowing costs by end of 2026 as Iran war intensifies inflation

Business leaders skeptical Fed can hit inflation goal

It said difficulties had been exacerbated by "significant cost increases resulting from government policy choices".

Modi's Europe trip yields tech, defense deals to cut China, US reliance

Kevin Warsh is set to be sworn into office as the 17th chair of the Federal Reserve, taking over at a tense moment for the economy and the central bank. Krishna Guha, Evercore ISI vice chair and head of central bank strategy, talks about how Warsh will manage monetary policy. (Source: Bloomberg)

Modi's Europe trip yields tech, defense deals to cut China, US reliance

South Korea stepped up verbal intervention to counter the won’s decline against the dollar, warning that authorities would “take decisive actions if necessary” to stabilize the currency.

A key measure of euro-area pay growth slowed, providing some relief to European Central Bank officials worrying about emerging inflation risks from the Iran war.

European Central Bank President Christine Lagarde stressed that long-term inflation expectations are still broadly in line with the 2% target, despite deepening fallout from the Iran war.

Analysis-ECB, banks rift hampers Europe’s efforts to loosen reliance on US payments giants