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Middle East Conflict

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Federal Reserve Faces High-Stakes Rate Decision Amid Cooling Inflation and Geopolitical Jitters
Posted inEconomy

Federal Reserve Faces High-Stakes Rate Decision Amid Cooling Inflation and Geopolitical Jitters

The Federal Reserve prepares for a pivotal interest rate decision in Washington next week, caught between encouraging domestic economic data and rising global uncertainty. While recent government reports show cooling…
Posted by Prasenjit Bhowmik July 24, 2026
Global Bond Yields Surge as Oil Nears $100 Amid Middle East Tension
Posted inEconomy

Global Bond Yields Surge as Oil Nears $100 Amid Middle East Tension

Global financial markets experienced a sharp sell-off in sovereign debt this week as benchmark government bond yields in the United States, the United Kingdom, and Germany jumped to multi-month and…
Posted by Prasenjit Bhowmik July 24, 2026
IRS Raises Standard Mileage Deduction Rate to 76 Cents Amid Rising Fuel Costs Driven by Geopolitical Conflict
Posted inEconomy

IRS Raises Standard Mileage Deduction Rate to 76 Cents Amid Rising Fuel Costs Driven by Geopolitical Conflict

Discover how the new IRS midyear mileage rate hike to 76 cents offers crucial tax relief for drivers facing soaring gas prices from global conflicts.
Posted by Prasenjit Bhowmik July 24, 2026
Global Oil Surges Past $100 as Expanding Middle East Conflict Threatens Vital Maritime Routes
Posted inBusiness Insights

Global Oil Surges Past $100 as Expanding Middle East Conflict Threatens Vital Maritime Routes

Global crude oil prices breached the critical $100-a-barrel threshold today for the first time since May, driven by escalating fears among energy traders as geopolitical conflict broadens across crucial Middle…
Posted by Prasenjit Bhowmik July 24, 2026
Dollar Rises as Intensifying Middle East Conflict Sparks Interest Rate Hike Expectations
Posted inMarket

Dollar Rises as Intensifying Middle East Conflict Sparks Interest Rate Hike Expectations

The surging Middle East conflict is driving up energy prices and fueling rate hike fears, causing the US dollar to rise as investors seek safe havens.
Posted by Prasenjit Bhowmik July 24, 2026

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  • Federal Reserve’s 2% Inflation Goal Pushed to 2028 as High Prices Persist, Economists Warn

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