Oil prices saw a slight increase on Friday. This is due to Ukraine’s attacks on Russia’s energy infrastructure. Moscow is restricting fuel exports. It is also close to cutting crude output. Brent and U.S. WTI crude futures both experienced gains. These benchmarks reached their highest levels since August 1. U.S. GDP increased more than expected.
US Federal Reserve chair Kevin Warsh says he will stick by 2% inflation target, vows to bring in real-time economic data for making interest rate decisions
Federal Reserve Chairman Kevin Warsh declared unwavering commitment to the 2% inflation target, signaling no monetary policy easing despite President Trump’s calls for rate cuts.