Inflation is spreading through the U.S. economy beyond the pump

Supply shocks and AI-related demand are blurring inflation signals for the Fed, increasing uncertainty for policy decisions.

Fed official: Too early to call on inflation

A Fed official stated it's too early to make a definitive call on inflation trends, expressing a cautious stance.

A Fed official stated that inflation is difficult to control and the possibility of further rate hikes cannot be ruled out, increasing hawkish concerns in the market.

US Treasury Secretary Scott Bessent announced the seizure of $1 billion in Iranian state cryptocurrency assets as part of economic sanctions.