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Stagflation clouds loom! Soaring oil prices and a disappointing employment report trigger a major retreat in Fed rate cut expectations.
In response to persistently high energy prices, Wall Street's bets on the Federal Reserve cutting interest rates this year have significantly diminished, with market concerns shifting from a 'cooling job market' to 'prolonged inflationary pressures'...
Mujtaba Khamenei, son of Khamenei, officially assumes the role, marking the beginning of Iran's 'Era of Vengeance'.
With Mujtaba designated as Iran's new Supreme Leader, Tehran has signaled to Washington through a transition of power: confrontation knows no end. As the preferred candidate of the Revolutionary Guard and a long-standing 'mini Supreme Leader,' the 56-year-old Mujtaba assumes office bearing personal and national grievances, locking Iran into a hardline trajectory.
Asian Indices Retreat as Oil Prices Spike; Nikkei and Kospi Plunge Over 6% Amid Middle East War Crisis
Reported Earlier, China Producer Price Index (YoY) For February 1.3% Vs. 0.9% Est.; 0.2% Prior
Reported Earlier, China Consumer Price Index (YoY) For February -0.9% Vs. -1.1% Est.; -1.4% Prior
Reported Earlier, China Consumer Price Index (MoM) For February 1.0% Vs. 0.2% Prior