Fed Closes Powell Era With Rates on Hold and Divide Over What Comes Next
Powell said he will remain on the Fed's board after Kevin Warsh becomes chair for a yet-to-be-determined interval amid concerns that legal attacks "are battering the institution."
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Oil Tops $110 a Barrel After Trump Warns 'No More Mr. Nice Guy' With Iran
Brent crude and WTI prices were rising Wednesday as traders assessed developments in the Iran war and OPEC.
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U.S. Stocks Fall After Fed Decision
Stocks extended declines as the Federal Reserve kept interest rates unchanged and investors awaited remarks from Fed Chair Jerome Powell.
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U.S. Crude Oil Stockpiles Fall on Record Weekly Exports
Commercial crude oil stocks fell by 6.2 million barrels, and were about 1% above the five-year average for the time of year, the EIA said. Crude inventories were seen down by 100,000 barrels in a survey of analysts by The Wall Street Journal.
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Bank of Canada Holds Policy Rate Steady, Expects Inflation to Peak in April
The Bank of Canada kept its main interest rate unchanged at 2.25%, and signaled the rate may stay close to that level so long as the economy evolves as forecast.
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March Durable-Goods Orders Beat Forecasts
Orders for durable goods grew in March, the Commerce Department said, breaking a streak of three straight months of declines.
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U.S. Housing Starts Rose in March
Housing starts, a gauge of new residential construction, rose 10.8% in March to 1.502 million.
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Bill Ackman's Stock-Picking Fund Opens Down 16% in Trading Debut
The billionaire investor sought to harness his social-media following to attract everyday investors.
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Trump Tells Aides to Prepare for Extended Blockade of Iran
The president prefers decisive victories, but none of the available options provides him with a swift exit from the conflict.
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German, Spanish Inflation Reach Multiyear Highs
Consumer prices were 2.9% higher in April than a year earlier in Germany, an increase in the annual rate of inflation from 2.8% in March.
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Gold Squeezed Between Safe-Haven Allure, Rate Fears as Underlying Demand Holds
Geopolitical uncertainty is expected to drive investment demand and central-bank buying, the same forces that push oil prices higher, stoke inflation and reinforce expectations of elevated interest rates.
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Thailand's Central Bank Holds as Mideast War Clouds Outlook
Thailand's central bank held rates steady, returning to the sidelines after two consecutive rate cuts.
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U.K. to See Slowdown in Growth, Higher Inflation Due to Mideast Conflict
U.K.'s leading economic research body has lowered its growth forecast for this year to 0.9% from 1.4%, and raised its inflation forecast to an average of 3%, with a January 2027 peak of 4.1%.
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Australia's Consumer Inflation Jumps on Oil Shock
Australia's consumer prices jumped in the first quarter, hitting the highest level since September 2023, as the impact of the energy shock fed into the data.
(END) Dow Jones Newswires
April 29, 2026 15:00 ET (19:00 GMT)
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