US Federal Reserve Raises Rates to 3.75%-4.00% as Inflation Stays Elevated
The Federal Reserve raised its target range by 25 basis points to 3.75%-4.00% as it judged inflation to remain elevated.
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Middle East and Central Asia Pakistan Holds Policy Rate at 11.5% as Inflation Risks Persist
Pakistan's central bank held its policy rate at 11.5% on September 14, keeping attention on inflation, funding costs and external risks.
US US Inflation Holds at 3.4% as Fed Faces September Rate Test
US consumer prices rose 0.4% in August, keeping annual inflation at 3.4% and sharpening the Federal Reserve's September rate decision.
US US Producer Prices Rise 0.4% as Diesel Costs Surge
US producer prices rose 0.4% in August as diesel fuel jumped 24.1%, raising fresh questions about freight costs and inflation pass-through.
Global Economy Rare Earths Put US-China Trade Truce to the Test
IMF chief Kristalina Georgieva warns a US-China rare-earth cutoff could hit global growth, exposing manufacturing and credit risks.
US DOE Closes $1.9 Billion Loan for Duane Arnold Restart
The U.S. Department of Energy closed a loan of up to $1.9 billion to help NextEra restart Iowa's 615 MW Duane Arnold nuclear plant, subject to NRC approvals.
Africa Nigeria and IEA Put Energy Investment Data at the Center
Nigeria and the IEA have launched a Joint Work Programme focused on energy investment data, energy security, efficiency and clean cooking.
Tech Revolut Wins Conditional Approval for US Bank Charter
Revolut has preliminary OCC approval for a US national bank, but FDIC insurance and strict preopening conditions remain outstanding.
US US Jobless Claims Stay Low as August Payrolls Add 162,000
US jobless claims remained low as August payrolls rose by 162,000, pointing to resilience across a labor market with uneven sector trends.
US US Factory Orders Rebound in July, but the Signal Is Uneven
US factory orders rose 0.9% in July as shipments and backlogs increased, pointing to resilience but an uneven recovery.