Fed's Schmid Warns Inflation Is 'Too Hot,' Energy Shock May Not Be Temporary

A Kenyan court temporarily blocked a plan to establish a quarantine center for Americans amid a growing Ebola outbreak in neighboring countries.

Inflation-hit Americans watch savings disappear

Concerns are raised about a potential bond market crisis as foreign Treasury selling increases, yields rise, deficits surge, and foreign demand for US Treasuries weakens, challenging their safe-haven status.

Despite a potential peace deal with Iran, high inflation (at a 3-year high) suggests the Federal Reserve might still proceed with a rate hike.