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US drivers face long-term pain at pump, analysts say; Trump bets they are wrong
US EIA lifts forecast for average 2026 crude price by 37%EIA's average gasoline price estimate for 2026 is up 15%US pump price of $3.79/gallon is up from $2.92 a month agoBy Jarrett Renshaw March 18 (Reuters) - President Donald Trump and congressional Republicans are betting the oil-price sho...Reuters
Wed, Mar 18
Bank of Canada expected to hold rates, may flag inflation risks of oil shock
Bank of Canada to keep benchmark interest rates steady at 2.25%Iran war, high oil price has changed outlook, economists sayMoney markets leaning towards rate hike by the end of the yearBy Promit Mukherjee OTTAWA, March 18 (Reuters) - The Bank of Canada is widely expected to keep rates on hold on ...Reuters
Wed, Mar 18
Fed to signal rate hike an option? Possible, though unlikely
Investors on the lookout for signs policymakers see two-sided risks to ratesOil price surge raises inflation fears, but also concern about jobsFed's dot plot likely to show policymakers divided on rate pathBy Ann Saphir WASHINGTON, March 18 (Reuters) - Rising concern about higher inflation fr...Reuters
Wed, Mar 18
Federal Reserve set to hold interest rates as Iran war clouds outlook
The United States (US) Federal Reserve (Fed) announces its interest rate decision on Wednesday, a pivotal meeting for markets to gauge the stance of the world’s most important central bank after an energy shock that could put the Fed’s dual mandate in tension.
Fxstreet
Wed, Mar 18
BASF raises some prices by up to 30% due to higher materials, energy costs
BERLIN, March 18 (Reuters) - Germany's BASF BASFn.DE is raising prices at its home care, industrial and institutional cleaning as well as industrial formulators businesses in Europe by up to 30% due to higher costs for raw materials, energy and logistics, it said.For selected products the price ...Reuters
Wed, Mar 18
Fed: FOMC to keep policy options open on conflict risks – MUFG
MUFG’s Derek Halpenny expects the FOMC to keep policy options open, with limited changes to the Summary of Economic Projections and no alteration to the median dot profile. MUFG anticipates balanced Fed communication and subdued FX and rates volatility.Fxstreet
Wed, Mar 18
WTI holds losses near $93.50 as supply concerns ease
West Texas Intermediate (WTI) oil price has given up its recent gains from the previous session, trading around $93.20 per barrel during the Asian hours on Wednesday. Traders are awaiting the US Energy Information Administration (EIA) report due later on Wednesday for fresh cues on supply trends.
Fxstreet
Wed, Mar 18
Fed: Powell focus as policy steady – UBS
UBS' Chief Economist Paul Donovan notes that the Federal Reserve is widely expected to keep policy unchanged, with attention centered on Fed Chair Powell’s press conference. Markets are looking for Powell’s reaction to Oil prices, the war and implications for US retail gasoline.Fxstreet
Wed, Mar 18
Alibaba's AI strategy shift comes into focus with big bets on agents
AI agents have potential to drive change in consumer behavior Alibaba ecosystem offers integration of e-commerce, logistics, AI capabilitiesAlibaba separates AI from cloud, forms Token Hub Business GroupWukong platform launched for enterprise automation, handling complex tasks with AI agentsBy Case...Reuters
Wed, Mar 18
China's Hello Group Q4 revenue falls on weakness in Momo, Tantan apps
OverviewChina online social networking firm's preliminary Q4 revenue fell 2.3% yr/yrQ4 adjusted net income and adjusted EPS rose yr/yrCompany declared special cash dividend and continued share repurchasesOutlookHello Group expects Q1 2026 net revenues of RMB2.3 bln to RMB2.4 bln, down 8.8% to 4....Reuters
Wed, Mar 18
BoC: Cautious hold and oil-linked risks – TD Securities
TD Securities stategists expect the Bank of Canada to keep its overnight rate at 2.25% with a cautious tone, as growth and inflation run below projections. They highlights elevated uncertainty and new inflation risks from the Iran conflict and higher Oil prices.Fxstreet
Wed, Mar 18
