Oil prices in China hit record highs Wednesday, as energy disruptions from an escalating Middle East conflict spilled into the world’s largest market for imported crude. China has helped keep oil prices in 2026 down by slashing its imports, but Beijing is “coming back off its crash diet,” an energy ...
Day: September 17, 2026
Warsh breaks with Trump to raise ratesWarsh breaks with Trump to raise rates
The News This afternoon Federal Reserve Chair Kevin Warsh sided with markets over President Donald Trump, voting with all other board members to hike interest rates by 0.25%. “The committee’s unanimous vote shows our resolve to achieve price stability on a timelier basis,” Warsh told reporters after. “I said in ...
US interest rates raised for first time in three yearsUS interest rates raised for first time in three years
Rates were hiked in a unanimous decision despite fierce opposition from President Donald Trump, who had called for a cut. ...