The fog from the Iran war is obscuring the Federal Reserve’s view of the U.S. economy. Investors were rattled on Wednesday, when the central bank said it is holding interest rates steady, after Fed Chair Jerome Powell repeatedly underlined the mounting uncertainty caused by the escalating Middle East violence. Stocks slumped during his afternoon press conference, … Read more
NEWYou can now listen to Fox News articles! After deliberating and assessing the global oil market situation in the face of Middle Eastern conflicts stemming from the United States’ attack on Iran, a cohort of 32 different developed nations agreed to make an “unprecedented” move to help address “oil market challenges.” The International Energy Agency … Read more
NEWYou can now listen to Fox News articles! The top Senate Democrat wants President Donald Trump to tap the nation’s oil stockpile as fuel prices skyrocket, years after blocking his attempt to replenish the supply when prices were low. Senate Minority Leader Chuck Schumer, D-N.Y., called on Trump to unleash reserve barrels of oil from … Read more