The Fed faces a deepening stagflation dilemma as February's Non-Farm Payrolls fell short by 92,000 jobs while core PCE inflation remains stuck at 3.0%. With crude oil surging past $100 a barrel and rate-cut expectations shifting from June to July, traders are watching whether the oil shock proves temporary or
Jones Act waivers are under consideration to ensure energy and agriculture products flow to U.S. ports, the White House says.
Countries already walloped by a breakdown of the international trading order, war in Ukraine and chaotic U.S. policymaking are facing potentially lasting economic damage.
A much-anticipated and record-breaking release of crude oil from the world's emergency stockpiles is starting, as the U.S. Strategic Petroleum Reserve is set to provide nearly half of the backup supplies.
Charles Bobrinskoy, head of investment group at Ariel Investments, joins 'Squawk on the Street' to discuss market themes, the energy sector, and more.
Brazil's government on Thursday scrapped the PIS and Cofins federal taxes levied on diesel and imposed a temporary levy on oil exports in a bid to soften the impact of recent global oil price swings on local fuel prices.
Goldman Sachs economists Manuel Abecasis and David Mericle in a new research note looked at the economic implications of the Iran war on the U.S. economy.
India's February inflation rose to 3.21% from 2.75% in January. The reading came in line with forecasts of 3.1%.
If Strait of Hormuz stays shut through March then a 2008-type price spike is possible
Denmark's energy minister called on citizens to reduce their energy use amid the ongoing Middle East conflict. Oil prices jumped to over $100 a barrel on Thursday, raising fears of rising inflation.
Oil prices jumped early Thursday despite the record release of emergency reserves by the U.S. and other countries.
Prediction market bettors are placing strong odds on crude oil prices surging back to $100 a barrel before the end of March, even as prices pull back sharply from the highs reached last week following the outbreak of war between the US, Israel and Iran. Data from Polymarket, the decentralised prediction platform, shows traders pricing a 72% probability that NYMEX crude oil futures will hit $100 by 31 March, with a 48% chance of reaching $110 and a 36% chance of $120.