Section
Economy
Cleveland Fed's Hammack says rates likely on hold 'for quite some time'
Cleveland Fed President Beth Hammack said US interest rates are likely to stay on hold for an extended period, citing sticky inflation, the Iran war and what she called an inflationary mindset taking root among American businesses.
Banxico cuts rate to 6.50% in split vote, signals end of easing cycle
The Bank of Mexico cut its benchmark rate to 6.50 per cent in a 3-2 split vote and signaled that the two-year easing cycle is over, even as inflation remains above target and the board is divided on whether the hold will stick.
Oil jumps above $102 after US-Iran fire exchange in Strait of Hormuz
Oil prices surged above $102 a barrel after Iran and the United States exchanged fire in the Strait of Hormuz, threatening the fragile month-old ceasefire and adding a fresh risk premium to crude markets.
ECB heads into June split as Villeroy pushes back on Frankfurt hawks
Banque de France governor François Villeroy de Galhau told an audience in Paris that the next ECB move should track the data, not the calendar, in a public pushback at Bundesbank president Joachim Nagel and Austria's Martin Kocher, who had effectively lined the Council up for a 25 basis point hike on 5 June.
