With concerns about the outlook for monetary policy weighing on Wall Street on Wednesday, the Federal Reserve has released the minutes of its March meeting.The minutes showed that the meeting featured a continued discussion about reducing the size of the Fed's balance sheet, which has swelled to about $9 trillion due to the central bank's recently concluded asset purchase program.Staff presented a...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.