Brent Crude Futures Increase Following Houthi Attack on Riyadh
Yen Vulnerable With Japan on Holiday After BOJ Disappoints
Oil Prices Rise Amid Houthi Attacks on Riyadh
Scammers Turn to Outdated Payment Tech to Steal Benefits
Australia Faces Long-Term Fiscal Challenges Due to Demographic Shifts
Australia's Treasurer Highlights Economic Risks from Aging Population
Oil rises after Houthi attack on Saudi capital
Jefferies stays bullish on S&P 500, sees 9,000 by end-2027
Paramount Settlement Encounters Opposition from Multiple States
This Man Finds Hollywood Blockbusters Where Nobody Else Is Looking
China Maintains Loan Prime Rates for 16th Month Amid Global Monetary Pressures
Midterm elections: What do equity markets typically do and what is priced?
Anthropic Mulls New AI Model Amid Investors’ Pre-IPO Worries
Trump's Approval Ratings Decline Amid Concerns Over Republican Midterm Performance
Trump Urges Ukraine to Halt Strikes on Russian Refineries Amid Diesel Price Concerns
Saudi Arabia Exits China’s mBridge Cross-Border Payments Program
AlRayan Investment advises Baladna on its landmark rights issue
ECB's Stournaras Keeps Door Open for October Rate Hike Amid Inflation Concerns
AI Boom Is Making Diversifying Investments Tough for Wall Street
Ukraine Launches Largest Drone Attack on Moscow Oil Refinery
Iran's Foreign Minister Leaves for UN General Assembly in New York
US Military Reports Surge in Oil and LNG Shipments Through Strait of Hormuz
Friedrich Merz Faces Pressure Following Electoral Defeats in Germany
Friedrich Merz Remains Committed as German Chancellor After CDU's Historic Loss
Converse CEO Pledges Review Over Ad That Critics Say Evoked KKK
Japan's Market Holidays Prompt Speculation of Yen Intervention
Japan to Utilize Industrial Machinery for AI Data Collection
QCB governor reiterates Qatar’s commitment to long-term economic expansion
France Summons Iranian Ambassador Amid Rising Tensions
France Condemns Closure of Language Centre in Tehran by Iranian Authorities
Forex Market Update: Indicative Prices for Major Currency Pairs
Short-Term Treasuries Emerge as Popular Bet on Fed Inflation Win
Ukrainian President Zelenskiy Announces Upcoming Meeting with U.S. President Trump
QatarEnergy on Energy Security and Supply
Iran's Foreign Minister Leaves for New York with Stop in Qatar
United Russia Secures 57.54% in Parliamentary Election, Preliminary Results Show
Russia's New People Party Expected to Secure 9.7% in Parliamentary Election
Russia's Liberal Democratic Party Projected to Secure 10.7% in Parliamentary Elections
Qatar on Diplomacy and Global Growth
Russia's Communist Party Expected to Secure 14.2% in Upcoming Parliamentary Elections
Canada, France to Develop Shared Space Launch Infrastructure
Pimco Likes Rates Where They Are, CEO Roman Says
France's President Macron Initiates Talks on Canadian LNG for European Energy Needs
France Supports Closer EU-Canada Relations and Associate Membership
China's CXMT says new memory-chip platform enters mass production
Commercial Bank recognised with three retail banking innovation awards by The Digital Banker
Eighteen Suspects in Assassination of Haitian President Arrive in the U.S.
U.S. Government Employees Require Special Authorization for Travel to Taif and Yanbu, Saudi Arabia
Qatari-Saudi Business Council discusses enhancing trade, investment ties
Record Global Debt Requires Urgent Fiscal Action, IMF Chief Says
Qatar, Citi and PIMCO on Capital Discipline and Resilience
Wall St investors focus on rate path, AI slowdown after Fed hike
QIB wins 3 accolades at Euromoney Awards for Excellence 2026
Qatar real estate transactions reach QR1.29bn in August
Aliko Dangote on Investing in Africa
Chancellor Merz Calls Election Results in Mecklenburg-Western Pomerania a 'Catastrophe'
US Navy Facilitates 97 Transits Through Strait of Hormuz in 72 Hours
German Chancellor Calls Local Election Results a 'Disaster' for His Party
IMF MD on the Global Economic Outlook
Israeli Army on High Alert with Reinforced Forces Deployed
US Central Command Reroutes 109 Commercial Vessels Amid Iran Embargo
A UN gathering notable for its absences
Fed’s Kashkari says inflation is still too high in ’all aspects’ of US economy, in Fox News interview
Controlled Explosion Reported Near Erbil Airport in Iraq
Qatar’s Energy Chief Sees LNG Expansion Startup in 2027
Scott Bessent Engages in Trade Talks with China’s Vice Premier He Lifeng Ahead of Trump-Xi Summit
Hormuz ‘Cannot Be Obsolete,’ Qatar Energy Minister Says
Multilateralism is not idealism, it is a necessity
QIA, Apollo & Goldman CEOs on Global Capital
Minneapolis Fed President Kashkari Highlights Broad Inflation Concerns in the US Economy
Minneapolis Federal Reserve President Neel Kashkari stated that inflation remains excessively high across various sectors of the US economy, extending beyond just oil prices. In a recent interview, he emphasized that even when excluding volatile categories like energy and food, price pressures are evident in services and broader consumption. Kashkari supported the Federal Reserve's recent decision to raise the federal funds target range by a quarter percentage point to 3.75%-4.00%, aligning with the views of most Fed policymakers who anticipate at least one more rate hike before the end of the year.
Kashkari pointed out that the Fed's ability to influence oil prices is limited, particularly in light of geopolitical tensions affecting the Strait of Hormuz. He noted that the recent surge in crude oil prices, driven by conflicts in the Middle East, underscores the complexity of the inflation issue. Despite these challenges, he expressed optimism about the resilience of the US economy, citing strong growth and signs of improved productivity, while hoping for a transition to disinflation as conflicts subside.
Fed Chairman Kevin Warsh echoed Kashkari's sentiments, estimating inflation at around 3.6% in August, with many categories continuing to rise above 3% over both six-month and 12-month periods. Kashkari reiterated the Fed's commitment to its 2% inflation target and called for collaborative efforts from other government sectors to address the broader inflationary pressures affecting American consumers.
Source: KLEA News