Iran Mediators Race for Deal to Head Off Looming U.S., Israeli Strikes
The goal is a limited framework to extend the pause in fighting and set the stage for deeper talks.
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Trump Picked Warsh to Cut Rates. Markets Are Bracing for the Opposite.
Kevin Warsh becomes head of the central bank as rising inflation and climbing bond yields challenge Trump’s desire for interest-rate cuts.
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Consumer Sentiment Drops to New Low, University of Michigan Survey Finds
Higher gasoline prices and the tense standoff in the Middle East helped push consumer sentiment to a new all-time low in May, with rising anxiety about future inflation, according to the University of Michigan’s monthly survey.
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S&P 500 Nears Longest Winning Streak Since 2023
U.S. stocks were climbing, bolstered by continued enthusiasm surrounding artificial intelligence, aerospace and other emerging tech.
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Fed’s Waller: Inflation Risks Mean Fed Should No Longer Signal Cuts
Christopher Waller said holding rates steady will likely be the right course for the foreseeable future, and he can no longer rule out rate hikes down the road if inflation does not ease soon.
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Canada’s Carney Says Alberta ‘Essential’ to Country Amid Separatist Push
Alberta Premier Danielle Smith said she intends to hold a vote in October to determine whether residents want the oil-rich province to remain in Canada or whether her government should begin the process of holding a binding referendum on separation from Canada.
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Week Ahead for FX, Bonds: U.S. PCE Data, Middle East Developments in Focus
U.S. PCE inflation figures will likely mark the highlight among economic data due in the coming week as investors increasingly anticipate that the Federal Reserve’s next move will be to raise interest rates.
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World Trade Grew Strongly at Start of Year on AI Boom
World trade flows continued to increase at a rapid pace in the first three months of the year, boosted by the boom in AI-related investment.
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The Oil Mystery at the Heart of America’s Pressure Campaign on Iran
The U.S. government, oil traders and private analysts are divided over how much time Tehran has before it runs out of places to stash its crude.
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Canada Producer Prices Rise a Fourth Straight Month in April
Statistics Canada’s industrial product price index increased 2% in April from the month before, representing its fourth consecutive rise.
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German Consumer Sentiment Bounces Back From Low Level
Consumer confidence in Germany improved a little on the back of a recovery in income expectations, but the impact of the war in Iran was still being felt.
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U.K. Government Borrowing Rose in April as Interest Payments Jump
Borrowing in April was higher than a year earlier, a sign that progress in narrowing its budget deficit might slow as the conflict in the Middle East pushes inflation higher and growth lower.
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Oil Prices Rise. What to Know About NATO Meeting and Strait of Hormuz.
Oil prices were rising early Friday as energy markets pointed to growing doubts over whether the U.S. and Iran will reach a deal to end the war.
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Japan Inflation Slows But Mideast Risks Keep Rate Hike on Table
While many companies raised prices of goods and services at the start of the new fiscal year, gasoline and education subsidies helped curb inflation.
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German Business Confidence Edges Higher Though War Concerns Still Weigh
Sentiment rebounded marginally this month, though remained near multiyear lows, as companies adapted to the energy shock prompted by the closure of the Strait of Hormuz.
(END) Dow Jones Newswires
May 22, 2026 13:15 ET (17:15 GMT)
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