The Mexican economy ended 2025 stronger than analysts had expected, with annual growth of 0.5% and a particularly resilient final quarter, when it expanded 1.6% year over year. However, this momentum did not carry over into the beginning of 2026. The latest figures continue to point to structural weakness across several areas of the economy, both from the ...

The ECB is set to leave rates unchanged at its July meeting with markets pricing only a few basis points of tightening next week. Despite the re-escalation in the Middle East and the subsequent rise in crude oil prices, even the hawks have stopped short of making a case that this is a live policy meeting. Joachim Nagel, president of the Bundesbank, said ...

At 2 p.m. ET today, U.S. forces began conducting a new wave of strikes against Iran for the fifth consecutive night to further degrade Iranian military capabilities.

When President Donald Trump approached the podium to deliver his State of the Union address in February, one of the few people who knew what he was about to say was allegedly setting himself up to profit from the president's words. Trump's longtime teleprompter operator is believed to have made tens of thousands of dollars by placing bets on that speech and ...

WH Press Sec. Leavitt: Iran continues to talk to the US and wants to make a deal; recent strikes are due to Iran violating the MOU.

Fed's Schmid: Inflation is too hot and above target for too long. The Federal Reserve, Economic Outlook and Monetary Policy It is an honor to join you today. It is great to be back in Nebraska, my home state, and I look forward to our discussion. Just two weeks ago we marked our 250th birthday as a nation. And while we, as a country, might feel young in comparison to some other nations, the truth is that throughout history there are not many institutions or governments that have endured for as long. What is it that has made the United States so successful? One important element is the federated structure of the United States. Distributed power and decision-making across federal, state, and local governments connects Americans more closely within their communities and their government. It allows for a diversity of views and experimentation in how society should be governed. America has always had a healthy skepticism towards centralization and the concentration of power that has served us well over time.

Good morning. Thank you, Daron [Peschel], for that kind introduction. And welcome, everyone, to the Dallas Fed’s Houston branch. I’m looking forward to my conversation with Dr. Margaret Ford Fisher, chancellor of Houston City College, in just a few minutes. As I travel through the Dallas Fed’s district, I talk extensively with workers, bankers, business executives and community leaders, just as we’re doing here today. These dialogues matter for two reasons. First, they provide nuanced, up-to-date information. I’m grateful to everyone who takes time to talk. Your perspectives help me learn how people are experiencing the economy. You teach me how national policy decisions reverberate here in Texas. And you show me what trends are on the horizon. Aggregate macroeconomic statistics can be highly informative, but there’s no substitute for on-the-ground insight. Second, public dialogue lets you hold me accountable for serving you well. The Fed is an independent central bank. Independence means monetary policy decisions focus on the long term. We are still accountable to the American people. The Fed reports regularly to Congress. Community leaders on the board of directors at each Federal Reserve Bank select and evaluate its management. And in conversations like this one, you get to tell us how we’re doing. Through all those engagements, we expect and need the public to hold us to account for fulfilling the important mission you’ve trusted us with. The Federal Open Market Committee (FOMC) sets monetary policy to achieve two goals: maximum employment and stable prices. Congress assigned us those goals. We pursue both with vigor and focus. Everyone who wants to find work should be able to do so. Households and businesses should be able to count on low inflation so they can make ends meet today and plan for a prosperous future. In the long run, the FOMC’s two goals are complementary. They work in concert to support a strong and growing American economy. Today, I’d like to tell you why I currently believe modestly higher interest rates would better balance the outlook and risks for the FOMC’s dual mandate goals. These are my views and, let me emphasize, not necessarily those of my FOMC colleagues. The FOMC targets a 2 percent inflation rate as measured by the price inde Fed's Logan: Modestly higher interest rates would better balance outlook, risks. Fed's Logan: One month of lower CPI inflation is not enough. Fed's Logan: Downside risks to employment have faded, inflation risks are mainly to the upside.

Sturdy retail sales in the second quarter suggest consumers largely shrugged off higher fuel costs. Sales rose an expected 0.2% in June following an upwardly revised increase of 1.0% in May. Sales were mixed across outlets, with autos driving the gain. A pullback in fuel prices dragged down service stations receipts. The control measure of sales that ...

In the 3D game of chess we call the world, China is winning right now. I’m a China “hawk” for a number of reasons. For one thing, China has consistently played the role of global destabilizer since Russia’s Ukraine invasion in 2022. It’s only thanks to how much it’s ramped up its exports that Putin’s war economy hasn’t completely imploded. This is also why ...

The global critical minerals market remains highly concentrated, and new threats to supply security have emerged in recent months as China has curbed exports of some rare earth elements, the International Energy Agency said on Thursday. The Chinese government introduced major export controls on heavy rare earth elements last year. Although further expanded ...

Gold fell 2% on Thursday, as escalating Middle East tensions pushed oil prices and U.S. Treasury yields higher, heightening inflation concerns and reinforcing expectations of elevated U.S. interest rates. Spot gold was down 1.5% at $4,001.17 per ounce by 0926 a.m. EDT (1326) GMT, after falling as much as 2% earlier. U.S. gold futures dropped 1.1% to ...

*US STRUCK AREAS NEAR IRAN'S QESHM ISLAND: MEHR