FedNow will speed up cross-border dollar payments without putting them on a blockchain
The Federal Reserve is preparing FedNow to support cross-border payments while keeping the international leg with correspondent banks, not on…
World News
Global economic and financial news — Federal Reserve decisions, geopolitical events, trade policy and macroeconomic data that move financial markets worldwide.
Fed Rate Path Faces Test From Jobs Report and Inflation Data
A jobs report due October 2 and a closely watched inflation gauge will shape expectations for the Federal Reserve's next…
Iran’s army says it is ready for renewed US attack after Trump rejects Hormuz proposal
Iran's army says its forces stand ready for any renewed U.S. attack, after President Donald Trump said he rejected an…
Iran won’t soften Hormuz demands after Trump rejects proposal
Iran says it will not soften its conditions for reopening the Strait of Hormuz after President Donald Trump said he…
UBS lays out three political scenarios for Germany’s Merz government
UBS economists have mapped three political paths for Germany after regional elections weakened Chancellor Friedrich Merz's coalition and pushed the…
