Oil prices surged over $3 a barrel as the U.S. and Iran failed to reach a peace agreement, keeping the Strait of Hormuz largely shut and global supplies pressured. President Trump rejected Iran’s response to a U.S. proposal, citing its unacceptability.
NY Fed’s John Williams flags need to gather more information on inflation risks before rate decisions
Federal Reserve officials John Williams and Alberto Musalem have flagged persistent inflation risks, with rapid AI infrastructure investment potentially adding to price pressures. Williams backed