Economy

Revised expectations push the next Fed interest rate cut out farther.

The head of BofA's commodities and derivatives research underscores the potential for persistent economic disruption from higher-for-longer prices after the Iran war spurred an 80% run-up in oil prices this year.

Bi-partisan support for Fed picks used to be the rule, rather than the exception.

The PPI data reinforces Federal Reserve officials' views that inflation should remain their top concern in the face of the war-driven surge in oil prices.

Vote on chairmanship may happen tomorrow.

The figures show how the impact of the Iran war is hitting the U.S. economy as energy costs surge.