Fed's Barr Says More Rate Hikes Likely Needed to Return Inflation to Target

Federal Reserve Gov. Michael Barr said the economy has experienced a series of shocks over the past year and a half that has contributed to upward price pressures.

----

U.S. Stocks Decline as Treasury Selloff Deepens

U.S. stocks dropped, led by the Nasdaq composite, as U.S. bond yields jumped to their highest levels in nearly two decades and the dollar strengthened.

----

Iran's President Says Open to Talks but Won't Bow to U.S.

Masoud Pezeshkian spoke at the U.N. a day after U.S. and Iranian officials held indirect talks and hours after a deadly attack on a commercial ship in the Strait of Hormuz.

----

Energy Secretary Hints at Voluntary Cap on Diesel Exports, Rather Than Ban

The oil industry is warning that a ban risks creating unintended consequences that would throttle fuel supplies.

----

Dollar Jumps to 8-Week High on Fed Rate-Hike Bets

The U.S. dollar rose to its highest level since late July against a basket of currencies Wednesday as markets bet on the Federal Reserve raising interest rates further.

----

The Global Fuel Crisis Is Driving Up the Costs of Home Heating Oil, Too

Homes in the Northeast and Alaska are especially dependent on heating oil in winter.

----

U.S. Crude Oil Stockpiles Post Unexpected Build

Commercial crude oil stocks rose by 3 million barrels last week. Analysts had expected crude stocks to fall by 500,000 barrels.

----

Global Economy Stronger Than Expected, But Threats Mount, OECD Says

A lengthy conflict in the Middle East in combination with other headwinds could take a big toll on activity around the world, the Paris-based research body said.

----

Business Surveys Point to Surprise Pickup for Eurozone

Eurozone business activity rose in September at its fastest pace in almost three-and-a-half years.

----

Trump's Oil Allies Fear Losing Battle in Bid to Stop Diesel-Export Limits

American oil companies are fiercely opposed to the president's nascent plan to curb exports of diesel, but vulnerable Republicans are putting pressure on him.

----

Oil Prices Rebound Amid Persistent Middle East Supply Risks

Prices reversed initial losses on Wednesday amid persistent supply risks, as investors weighed the prospects of improved Saudi export flows and U.S.-Iran diplomacy.

----

AI Cycle Set to Offset Energy Hit for Asia Economies

S&P raised its baseline projection for Asia's 2026 gross domestic product growth to 4.6%, but noted that projections for strong growth this year and next don't mask the challenges.