- The Commerce Commission monitors petrol companies in NZ as conflict resolution impacts global oil prices.
- The Middle East conflict is causing oil price increases and inflation, leading central banks to manage policy amid global pressures.
The U.S. Federal Reserve and the Bank of England are addressing current inflation concerns, with Chairman Jerome Powell noting resistance to calls for rate cuts.
1 report, 1 independent
Updated Jul 28
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What happened
The U.S. Federal Reserve and the Bank of England are addressing current inflation concerns, with Chairman Jerome Powell noting resistance to calls for rate cuts.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- FED and Bank of England are under global watch as market analysts in Sydney comment on central bank policy and its influence on currency markets.Sub-event
FED and Bank of England address inflation concerns; Powell resists pressure to lower rates.1 source
Keep exploring
Part of
The Middle East conflict is causing oil price increases and inflation, leading central banks to manage policy amid global pressures.Also in this story
- The Bank of Japan conducted rate checks in the currency market as a Houthi attack hit Riyadh and MSCI tracked Asia-Pacific shares.
- BOJ rate hike impacts won value, while the country is ranked near the bottom of OECD members amid renewed US-Iran tensions.
- Fed actions are influencing regulatory decisions, Treasury yields, and global financial stability due to oil production.
- Renewed conflict drives energy price volatility and prompts comments on Bank of England decisions.
The entities involved
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FED
business
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Bank of England
central bank of the United Kingdom
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Jerome Powell
president of the FED
Related events
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- Following a rate decision, Powell resisted Trump's threats while facing opposition from Michelle Bowman, leading to a dip in the crypto market.
- Jerome Powell hinted at potential interest rate cuts on August 27, 2025, causing the FED's rate cut prospect to ease market concerns, leading to specific market actions by Rankin and Sprout Social.
Coverage
Newest first; wire copies grouped- dailymail.comAmerica's inflation fight puts new Fed boss to the test: ALEX BRUMMER