India wants a swift end to the Iran war, which has strained its energy imports, fuelled inflation and destabilised a region that is home to nearly 10 million Indians
Oil prices fall as hopes of renewed US-Iran peace talks ease supply fears, while Middle East tensions and inflation concerns keep markets on edge.
The Fed, led by Chairman Kevin Warsh, wants to return inflation to its 2% target, which it typically does by raising its short-term interest rate. Higher borrowing costs, over time, can cool spending and slow inflation
The U.S. Federal Reserve raised its benchmark overnight rate by a quarter point to a 3.75%-4.00% target range, marking its first hike since July 2023. The move, announced by new Fed chair Kevin Warsh, signals a continued tightening path amid persistent inflation pressures.
