The Fed chairman raised rates over the president's stated wishes, and every voter on the committee went with him.
Wednesday, September 16, 2026
24 storiesThe central bank governor told China's flagship party journal that slower loan growth is a structural adjustment, not a failure to be fixed with more lending.
The Dutch central bank has moved a large part of its North American gold out of the United States, and reserve managers elsewhere say the appetite for bullion has not faded.
The front end of the curve repriced immediately while the long end barely moved, and the dollar firmed against the euro.
Oracle's co-founder terminated a trading plan that would have let him sell up to 50 million shares, in the middle of a losing streak and a fresh round of layoffs.
The Federal Open Market Committee raised its target range by a quarter point and its new projections point to one more increase before the year is out.
The canal authority is adding a new vessel limit from October, tightening a third trade chokepoint while Hormuz and the Red Sea are already constrained.
Prosecutors are seeking forfeiture of $61 million in crypto tied to Iranian oil sales, in a case that puts a stablecoin issuer and an exchange at the centre of sanctions enforcement.
Retail sales rose 1.2% last month while the main confidence gauge sank toward record lows, leaving the consumer reading split down the middle.
Treasury and the US trade representative will host China's vice premier days before the two presidents meet in Washington, with tariffs, farm goods and AI risk all on the agenda.
The Government Accountability Office found federal agencies paid $9.5 billion in employee leave in 2025, most of it to staff who had already agreed to leave.
The administration is considering Defense Production Act funds for refiners as record diesel prices feed straight into freight and food costs.
A quarter-point move on Friday would take Japanese borrowing costs to their highest level in 31 years.
The Treasury secretary told House lawmakers that rising yields reflect global issues, not US fiscal policy.
The Congressional Budget Office also lifted its inflation projection for early 2027 as Congress voted again to curb the president's war powers.
The European Commission president proposed a first-of-its-kind arrangement that would pull Ottawa deeper into Europe's economic and security architecture.
Markets are pricing a quarter-point increase that would put the new Fed chair at odds with the White House.
The UN Security Council met in emergency session as Yemen's Red Sea coastline changed hands and Saudi Arabia closed its East-West pipeline.
A weak sale of 20-year bonds and a 10-year yield above 5% put the long end, not the Fed, in charge of borrowing costs.
The industry's top legislative priority failed to advance, sending bitcoin and listed crypto intermediaries lower.
Nvidia's and Meta's chief executives rejected calls for a coordinated slowdown that Anthropic and OpenAI have endorsed.
Petrol and diesel drove British inflation to a five-month high two days before a rate decision.
Record pump prices arrive as commercial and strategic stockpiles run low and Washington weighs emergency refining measures.
Fitch's trailing-twelve-month measure reached a high just as European and US supervisors began asking who is holding the risk.