Viksit Bharat 2047: World Bank President Ajay Banga says India’s development lessons can help world - The Statesman

Treasury Secretary Scott Bessent said oil prices will nosedive to as low as $40 a barrel once the Iran conflict is over, pulling down bond yields that have lately hit the highest levels in years.

What to know about the report.

Federal Reserve Bank of Cleveland President Beth Hammack said it’s time for the US central bank to act to cool inflation.

The president said he could halt trade between the United States and countries with which it has a trade deficit if the central bank doesn’t do his bidding.

A strong employment report in the US raises the odds of a Fed rate rise

A surprise jump in US hiring last month has bolstered the case for the Federal Reserve to raise interest rates when they meet later this month, but a hike is still not guaranteed.