Federal Reserve official Susan Collins said the U.S. central bank should remain cautious on monetary policy as inflation continues to pose a risk.
Collins said maintaining the current policy rate will require continued evidence that inflation is sustainably moving toward the Fed’s 2% target. She noted that the current policy stance is already mildly restrictive, but warned that stronger…
The United States is preparing what officials describe as a major new financial offensive against Iran, aiming to increase pressure on Tehran’s economy and restrict its remaining access to international trade and finance.
The move comes as tensions between Washington…
The United States and Canada have failed to reach a tariff deal, increasing tensions between the two major trading partners.
The U.S. is maintaining tariffs on certain Canadian imports, while Canada has threatened retaliatory measures on American goods.
With…
U.S. President Donald Trump is expanding pressure on Iran beyond military tensions, increasingly targeting the country’s economic lifelines and international trade.
A former economic adviser to Iran’s central bank, Mehrdad Sepahvand, pushed back against claims that…
Trump Pauses 50% Canada Tariffs as U.S. and Canada Strike Deal
August 19, 2026
President Donald Trump said he has paused the 50% tariffs on Canadian goods that were scheduled to take effect, saying the United States and Canada have reached a deal.
Trump said the tariff increase will be delayed for three days while both sides finalize the agreement.
Reports cited by Al Arabiya said the United States and Iran had agreed to extend a 60-day period aimed at keeping negotiations alive and reducing tensions.
The extension was reportedly intended to give both sides more time to address key disputes, including Iran’s…
Tensions around the Strait of Hormuz are escalating as Iran rejects President Donald Trump’s claim that the United States controls the strategic waterway.
Iran has pushed back against Trump’s comments, insisting that the Strait remains under Iranian control.
Federal Reserve official Austan Goolsbee said recent U.S. inflation data is showing signs of improvement, while the economy remains stable.
Goolsbee noted that some of the recent inflation pressures came from tariffs and higher oil prices, which he initially expected to…
Iran has rejected U.S. claims that the Strait of Hormuz is under control, saying the strategic waterway remains effectively blocked.
Ship traffic through the Strait has fallen to near three-month lows, highlighting the continued disruption to global shipping.
The…
The U.S. military fired on a ship accused of attempting to breach its blockade around Iran, marking a further escalation of tensions in the region.
U.S. forces reportedly warned the vessel before firing to stop it. The incident highlights the growing risks…
