Fed policymakers eye possible rate hike as inflation risks rise

WASHINGTON: Federal Reserve officials continued to signal the ‌US central bank may need to raise interest rates in the future if the war leads to a persistent increase in...

Gas tax suspension would provide welcome relief

I’m not a knee-jerk anti-tax fellow. While no one enjoys paying taxes, I recognise that federal, state and local levies fund a broad range of critical needs, from schools,...

US inflation firming as Iran war drives up energy prices

US inflation increased at its fastest pace in three years in April, driven by higher energy prices amid the war with Iran, and ‌cementing economists' views that the Federal...

US dollar expected to break higher amid Fed inflation fight

NEW YORK: The US dollar, long stuck in a tight trading range, could be in for a break higher as the Federal Reserve shifts its focus to fighting worrisome...

Sri Lanka stuns with 100-bp rate hike as inflation looms

Sri Lanka’s central bank stunned ​markets by raising its policy rate by an outsized 100 basis points on Tuesday, the biggest hike in three years, ‌as policymakers scrambled to...

Simple solution

Gold declines as oil rises, inflation concerns grow

Gold prices edged lower on Friday and were heading for a second consecutive weekly loss, pressured by rising oil prices and growing concerns over inflation and interest rate hikes....

Double whammy

Gold falls on oil-driven inflation worries

Gold prices ‌fell on Monday, as a lack of progress in U.S.-Iran peace negotiations pushed oil ​prices higher, fuelling ⁠concerns that elevated inflation could keep interest rates higher for...

US farmers strained as fertiliser costs surge on war

On Andy Corriher's farm in North Carolina, planting and preparations are underway for his corn and soybean crops — but fertiliser costs have surged on war in the Middle...