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Russian President Vladimir Putin: The use of nuclear weapons is only a last resort.
2026-05-21
Russian President Vladimir Putin: The use of nuclear weapons is only a last resort.
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2026-05-21
EU COMMISSION: EURO ZONE 2026 GDP GROWTH FORECAST CUT TO 0.9% FROM 1.2% PREVIOUSLY, AND 2027 GDP FORECAST CUT TO 1.2% FROM 1.4%
EU COMMISSION: EURO ZONE 2026 GDP GROWTH FORECAST CUT TO 0.9% FROM 1.2% PREVIOUSLY, AND 2027 GDP FORECAST CUT TO 1.2% FROM 1.4%
2026-05-21
Federal Reserve officials signaled increasing concern that persistent inflation could require higher interest rates, according to minutes from the April 28-29 FOMC meeting. A majority said further policy tightening may become necessary if inflation r
Federal Reserve officials signaled increasing concern that persistent inflation could require higher interest rates, according to minutes from the April 28-29 FOMC meeting. A majority said further policy tightening may become necessary if inflation remains above the Fed’s 2% target, while many favored removing language implying an easing bias. Policymakers cited inflation risks tied to the Iran war, elevated bond yields and stronger-than-expected economic data. The Fed kept rates unchanged at 3.5%-3.75%, though three officials dissented over guidance suggesting future rate cuts. Markets are now pricing in possible tightening by year-end.
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