Fed’s Schmid Pushes for Tighter Policy as Mortgage Rates Hit 6.69%
The average 30-year mortgage rate climbed to 6.69% on Aug. 6, its highest level since July 2025, as Federal Reserve…
World News
Global economic and financial news — Federal Reserve decisions, geopolitical events, trade policy and macroeconomic data that move financial markets worldwide.
Cargo ship struck in Red Sea’s Bab al-Mandab strait, three killed
A cargo ship was struck in the Red Sea's Bab al-Mandab strait, with maritime security sources reporting three people killed….
Zelenskyy warns Russia is preparing for escalation, not peace
Ukrainian President Volodymyr Zelenskyy says Russia is preparing to escalate the war, pointing to North Korean equipment shipments, rising ballistic…
RBI chief says BRICS nations discuss linking payment systems and CBDCs
BRICS members are discussing potential links between their fast payment systems and central bank digital currencies, Reserve Bank of India…
US Reimposes Naval Blockade on Iran in Strait of Hormuz Amid Rising Tensions
The U.S. has reinstated a naval blockade on Iran in the Strait of Hormuz, ending a brief suspension tied to…
