Fed Chairman Speaks in Congress After Data Showing Inflation Cooled - The New York Times

• Federal Reserve Chair Kevin Warsh is testifying before the House Financial Services Committee on Tuesday morning regarding the current state of the U.S. economy. • The hearing serves as a critical briefing for lawmakers to assess economic stability and the Federal Reserve's current monetary policy direction.

• Federal Reserve Chair Kevin Warsh testified at his first congressional hearing on Tuesday, advocating for a "sea change" in the central bank's economic strategy. • Warsh detailed plans to overhaul the Federal Reserve's current approach to managing inflation and broader economic stability.

• Asian markets rose on Wednesday, led by a 6% surge in South Korea’s KOSPI and a 1.7% increase in the MSCI Asia-Pacific index (excluding Japan). • The rally followed a surprise 0.4% decline in the US consumer price index for June, the first drop since the pandemic, which reduced expectations for further interest rate hikes.

• Asian stock markets declined on Tuesday due to escalating tensions between the United States and Iran, which pushed oil prices toward one-month highs. • The surge in energy costs has sparked fresh inflation concerns and reduced investor expectations for lower global interest rates.

• Brent crude prices eased toward $85 per barrel after President Trump withdrew a proposed 20% transit fee for the Strait of Hormuz. • Asian markets showed mixed results on Wednesday, with Hong Kong leading regional gains while GIFT Nifty hovered around 24,040.

• Asian stock markets rose on Wednesday, July 15, 2026, following a surprise slowdown in the U.S. inflation rate. • South Korea's chipmaker-heavy KOSPI surged 6% in early trade, while Japan's Nikkei rose 0.4% and the MSCI Asia-Pacific index (excluding Japan) climbed 1.7%.

• Asian stock markets, including the Kospi, rose following the release of softer US Consumer Price Index (CPI) data, which reduced investor concerns regarding further interest rate hikes. • Technology stocks saw significant gains as the artificial intelligence trade regained momentum, driving a broader rally across regional shares.

• The Indian benchmark indices opened higher on Wednesday, July 15, 2026, with the Sensex gaining 400 points and the Nifty trading near 24,150. • This upward movement is driven by positive investor sentiment following encouraging initial corporate results from the ongoing earnings season.

• Asian stock markets experienced a downturn, with the MSCI broadest index of Asia-Pacific shares (excluding Japan) falling by 1.7%. • The decline was primarily led by significant losses in South Korean and Taiwanese stocks.

• IBM shares plummeted 26% to $228 after the company reported Q2 revenue of $17.2 billion, which fell short of market estimates. • CEO Arvind Krishna attributed the decline to customers limiting their spending, triggering the stock's largest intraday drop since the 1980s.

• The European Union has initiated negotiations to establish the legal framework and legislation required to introduce a digital euro. • The EU aims to finalize these regulatory rules by the end of 2026, paving the way for a pilot program involving approximately 40 banks and payment firms in 2027.