While the conflict in the Middle East has led to a heightened degree of economic uncertainty, the minutes of the Federal Reserve's latest monetary policy meeting revealed many officials still expect to resume cutting interest rates this year.The minutes of the Fed's March 17-18 meeting said participants emphasized the importance of being "nimble" in adjusting the stance of monetary policy"Many par...
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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.