Yield on 30-year Treasury soars as investors fret policymakers will not be able to contain the inflationary shock from Iran war

The Federal Reserve held interest rates steady on Wednesday, a choice that may intensify questions about how U.S. central bank chief Kevin Warsh will deliver on his commitment to bring inflation back down to the 2% target.

The new Fed chair got the "good family fight" he said he wanted. While he’s still using words more than deeds, it’s encouraging that Federal Reserve Chairman Kevin Warsh is going out of his way to convey that inflation remains unacceptably high.

The 9-3 vote to keep borrowing costs unchanged is a reprieve for President Donald Trump from the prospect of higher rates, though it's not clear how long it will last.

Amazon stock rocketed 9% in after-hours trading on Thursday, even as the company plans to book an extra $20 billion in capital expenditures. The e-commerce giant delivered a strong second quarter propelled by AI-related growth.

The company raised its capital spending forecast and said Amazon Web Services sales increased 37% in the second quarter.

Amazon stock jumped after the e-commerce and cloud-computing giant reported second-quarter results. Cloud growth for Amazon reached a more than four-year high as the company touted progress in offering custom AI chips and services to enterprises.

Amazon saw growth pick up meaningfully within its cloud business during the second quarter, and its stock was climbing 5% in Thursday's after-hours trading. The company turned in AWS revenue of $42.2 billion,

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The strength in underlying GDP growth during the second quarter is likely to fade sharply in the second half of 2026, according to analysts at Pantheon Macroeconomics. While headline GDP posted a mediocre 1.

The Eurozone's gross domestic product (GDP) grew by 0.4% in the second quarter of 2026, the European Commission's statistical office, Eurostat, announced on Thursday in its first estimate. In the European Union,

Q/Q annual rate vs. +2.3% consensus and +2.1% in Q1, according to data released by the U.S. Bureau of Economic Analysis on Thursday.

Oil prices are expected to rise further this year as shipping ​disruptions in the Strait of Hormuz and attacks in the Red Sea by Iran-backed Houthis threaten oil ‌flows and heighten supply risks, a Reuters poll showed.

Oil prices got back to jumping, while sinking technology stocks dragged Wall Street lower amid uncertainty about what the Federal Reserve will do to get high inflation under control

Oil prices are back to jumping on Wednesday, while the U.S. stock market is holding relatively steady ahead of a Federal Reserve decision on what to do with interest rates. The S&P 500 slipped 0.1%. The Dow Jones Industrial Average was down 458 points,

Oil prices were back higher on Wednesday as U.S.-Iran tensions escalate again. As of late Wednesday afternoon, international benchmark Brent crude was trading at about $91  per barrel, up from as low as about $83 earlier this week.

I’m not going to comment on the situation in the US,” said Andrew Bailey during the Bank of England’s press conference at Bloomberg this afternoon, after it voted to hold rates. He was batting away a question about the rout of US Treasuries prompted by Kevin Warsh’s Federal Reserve the previous evening.

Three of the Monetary Policy Committee's nine members voted in favour of raising rates to 4% over fears of inflation caused by conflict in the Middle East.

Monetary Policy Committee split six to three, with key voters more confident that underlying price pressures are receding

The Bank of England kept its key interest rate on hold for the fifth time this year after a bigger-than-expected drop in the inflation rate last month gave policymakers breathing space to assess the f