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Kevin Warsh won the race for Federal Reserve chairman partly by mapping out a route to lower interest rates. Now, the new Fed chief faces a starkly different dynamic: How to restrain a sudden shift in expectations for higher rates as fellow policymakers warn that inflation is back....
Gold extended its downturn despite rising hopes for a diplomatic solution to Middle East tensions, as investors priced in a sticky inflationary trend that is being driven by the continued disruption of energy supplies and the resilience of the US economy.
The yellow metal has dropped more than 4 per cent this month, declining nearly 20 per cent from its all-time high in January. The de-escalation of the US-Israel war on Iran has done little to stem the sell-offs, with investors shifting their......
As government begins restoring connection, population voices dismay over food price increases and shortagesThe partial lifting of internet restrictions in Iran has revealed a rising tide of anger about food price inflation as ordinary Iranians decry annual price increases of 308% for vegetable oil, 190% for chicken, and 170% for rice.Iranian authorities on Tuesday began restoring the connection to the global internet that was severed on the first day of the US-Israeli war against the Islamic Republic on 28 February, as it had been during mass protests in January. Continue reading......