US stocks face pressure from rising yields and inflation fears

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

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

Economists have increased their U.S. inflation forecasts, pushing back the anticipated timeline for Federal Reserve interest rate cuts.

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.

Market Talk: US inflation 'still somewhat underpriced'