The US Treasury yield surge has pushed borrowing costs to levels not seen in decades, reviving debate over whether the low-rate era that followed the 2008 financial crisis is permanently over. The 10-year yield reached 5.293% and the 30-year climbed to 5.6206% as investors reassessed inflation, fiscal risks and Federal Reserve policy. Bond sell-off Treasury prices have fallen sharply as yields moved higher across the curve. The benchmark

US mortgage rates over 7% are adding fresh strain to household budgets as rising oil prices, higher Treasury yields and persistent inflation make borrowing and energy more expensive. Homebuyers now face a difficult mix of elevated financing costs, still-high property prices and broader economic uncertainty. Oil surge raises energy concerns Brent crude moved above $107 a barrel on Thursday as re

The Federal Reserve raised its benchmark rate to 3.75%-4.00% on September 16, 2026, its first increase since July 2023. Inflation remains above the 2% goal, while new Fed projections imply another quarter-point increase could follow before the end of this year. The Federal Reserve raised the target range for the federal funds rate by 0.25 percentage point on Wednesday, September 16, 2026, to 3.75%-4.00%. T

Diesel prices in the United States have climbed to record territory, with GasBuddy reporting the national average above $6 a gallon and AAA listing diesel at $5.9773 on September 10. That is sharply higher than AAA’s year-ago average of $3.7060 and raises fresh concerns about transport costs, inflation and pressure on businesses that depend on heavy-duty fuel. Oil shock The latest oil shock h

Pakistan’s food crisis is increasingly visible at the household level, with official data showing families consuming less of many everyday foods while food insecurity continues to rise. The decline in milk, meat, rice and other staples suggests that affordability is reshaping diets and pushing more households toward cheaper sources of calories.

Wall Street reached another milestone Thursday as the S&P 500 closed at a record high after softer US producer inflation eased fears of another Federal Reserve rate increase. Technology shares helped drive the Nasdaq higher as investors reassessed the Fed rate outlook ahead of its September meeting. S&P 500 high extends Wall Street rally The S&P 500 gained 0.65% on August 13 to fini

Pakistan poverty rate rises to 28.9% as years of economic instability, inflation and weak growth continue to strain households. The latest national survey shows rural communities suffering the most, while declining incomes and rising living costs have pushed millions more people below the poverty line across the country. Pakistan Poverty Rate Rises to 28.9% Amid Econ

Former Reserve Bank of India Governor Raghuram Rajan, Harvard economist Raj Chetty and Microsoft executive Asha Sharma have joined newly formed Federal Reserve task forces examining major areas of US monetary policy. The panels will study the Fed’s balance sheet, economic data, employment, productivity, communications and inflation framework. Fed Review Brings Global Experts Into Policy Reform The US Federal

The G7 summit in France unfolded under the shadow of growing instability linked to tensions involving Iran and wider regional security concerns. While political disagreements remained in the background, the more immediate concern for leaders was the economic impact spreading across global energy markets. Rising uncertainty around shipping routes and oil supply quickly turned the discussions toward inflation, fuel pricing, and trade resilience.

Oil Falls On Peace Deal Hopes Oil prices fell sharply on Friday, June 12, 2026 as renewed hopes for a peace agreement between Iran and the United States eased fears of prolonged disruption to global energy supplies. Brent crude dropped below $86 a barrel during trading before recovering part of its losses, while market attention remained focused on whether diplomatic progress could reduce risks around Middle

US consumer confidence falls in May as inflation, high gas prices and a softer job outlook pressure household budgets, according to the Conference Board’s latest survey. The drop shows why many Americans are pulling back on spending even as stocks remain near record highs. Why US Consumer Confidence Falls in May The Conference Board’s consumer confidence index slipped 0.7 points to 93.1 in May, marking the first decline after three m

Kevin Warsh took over as Federal Reserve chair at a White House swearing-in ceremony on Friday, May 22, 2026, as President Donald Trump publicly urged him to lead the central bank independently. The transition places Warsh at the center of a politically sensitive moment for the Federal Reserve, with inflation, interest rates and central bank independence all under close national scrutiny. Trump Says Warsh Should Lead Without Political Pressure

The petrol, diesel, and CNG price hike in India took effect on Friday, May 15, 2026. This was the first retail fuel price increase in four years, following the surge in global crude oil prices due to the Iran war.   Fuel Price Hike Overview in Major Cities The government raised petrol, diesel, and CNG prices following a surge in global crude oil prices triggered by the Iran war. This is the first retail fuel price hike in four years. The increase is expected to affect transportation costs, household spending, and overall inflation. City Petrol Price (Rs/Litre) Petrol Hike (Rs) Diesel Price (Rs/Litre) Diesel Hike (Rs) CNG Price (Rs/Kg) CNG Hike (Rs) Delhi 97.77 3.00 90.67 3.00 79.09 2.00 Kolkata 108.74 3.29 95.13 3.11 — — Mumbai 106.68 3.14 93.14 3.11 84.00 2.00 Chennai 103.67 2.83 95.25 2.86 — — Hyderabad 104.50 3.10 94.20 3.05 80.50 2.00 Economic Implications and Expert Insights India’s state-run oil companies, IOCL, BPCL, and HPCL, were absorbing high crude costs for months, incurring daily losses of around Rs 1,600 crore. Imported crude prices jumped from $69 per barrel in February to $113-114 per barrel after the Iran war began on February 28. Economists, including Finance Commission Chair Dr Arvind Panagariya, recommended that retail prices be adjusted to prevent further losses and sustain OMC operations. Prime Minister Modi has appealed to citizens to conserve fuel and encouraged work-from-home practices to reduce foreign outflows. The Delhi government initiated a 90-day campaign promoting fuel-saving habits and limited office days. The fuel price increase is expected to push up transportation and logistics costs, which may drive inflation in essential commodities like milk and vegetables. Household savings could shrink, and discretionary spending may reduce, potentially slowing consumption, production, and GDP growth. While consumers will feel the immediate impact, this step was unavoidable given the international crude price surge.

Trump Discusses Meeting with Xi Jinping US President Donald Trump spoke on Thursday, May 14, in his first interview following a high-stakes meeting with Chinese President Xi Jinping. The President described the discussion as a significant diplomatic achievement, asserting that his administration is treated with a heightened level of seriousness by the Chinese leadership. He contrasted his approach to foreign relations with

Kevin Warsh was confirmed as Federal Reserve chair on Wednesday, May 13, 2026, placing President Donald Trump’s nominee at the center of a high-stakes debate over inflation, interest rates and the independence of the U.S. central bank. The Senate approved Warsh in a 54–45 largely party-line vote, clearing the way for the former Federal Reserve official to succeed Jerome Powell. The confirmation followed uncertainty tied to a Justice Department investigation involving Powell, whi

President Donald Trump is backing a temporary federal gas tax suspension as US drivers face sharply higher fuel prices linked to the Iran conflict. The proposal could cut up to 18.4 cents per gallon from gasoline and 24.4 cents per gallon from diesel, but it cannot take effect without approval from Congress. How Much Could Drivers Save? Trump said on Monday, May 11, 2026, that he wants to remove the federal gas tax “for a period of time” and restore it once prices ease. The White House has not confirmed whether formal legislation has already been sent to lawmakers. The relief would be limited compared with the wider rise in pump prices. US gasoline prices have climbed sharply since the Iran conflict intensified, leaving many households paying more for commuting, deliveries and daily transportation. Congress Holds The Key The federal gas tax helps fund highways, bridges and public transit through the Highway Trust Fund. Any suspension could give drivers short-term relief but may raise concerns over road funding. Energy Secretary Chris Wright said the administration supports steps to lower fuel costs. Some lawmakers have also backed a temporary gas tax holiday, while critics argue the savings may not fully reach consumers. For American families already dealing with inflation, even a small reduction at the pump could matter. But the plan’s real impact depends on Congress, fuel markets and whether gas stations pass the full tax cut to drivers.

For the first time since July 2022, Americans are facing gas prices above $4.50 a gallon, with the national average hitting $4.52 as of May 6. This surge in fuel prices is placing significant political pressure on President Donald Trump, just five months before the 2024 US Midterm elections. Rising gas prices, coupled with low approval ratings, are adding to the growing dissatisfaction over his handling of key issues such as the economy, inflation, and international conflicts.

The numbers on gas station signs across Texas are rising fast—and for many drivers, so is the stress. What used to be a routine fill-up is now a moment of hesitation, as fuel costs eat deeper into already stretched budgets. High gas prices in Texas have surged in recent weeks, climbing from about $2.55 per gallon in early February to nearly $3.78. The sharp increase is being driven by global tensions that have disrupted oil supply routes, sending ripple effects through loca

The Kerala Cooperative Milk Marketing Federation (Milma) has approved a ₹4 per litre increase in milk prices across Kerala, a move that is expected to come into effect from May 20, 2026. The decision was taken during a high-level meeting of the cooperative’s governing body on April 30, 2026, amid growi

Stalled Iran talks push costs to four-year high Gasoline prices across the United States climbed sharply on Tuesday, April 28, 2026, reaching their highest level in four years as stalled negotiations between Washington and Tehran fueled a surge in global oil markets. According to AAA, the national average price for a gallon of regular gasoline rose to $4.18, marking the h