Economists raise U.S. inflation expectations, delaying the Federal Reserve's interest rate cut timeline - WEEX

Business leaders express skepticism about the Federal Reserve's ability to achieve its inflation target.

Kevin Warsh, a former Federal Reserve governor, has indicated a more aggressive stance is needed from the Fed to control inflation.

Kevin Warsh to be sworn in as Fed chair, replacing Jerome Powell.

A prolonged closure of the Strait of Hormuz could trigger an oil shock leading to a recession comparable to 2008, with retailers also reporting increased consumer stress.