Rates

• De FOMC kondigde op 10 mei 2026 aan dat de federal funds rate ongewijzigd blijft op 5,25-5,50%, wat in lijn is met de marktexpectaties terwijl de inflatie nauwlettend in de gaten wordt gehouden. • Fed-voorzitter Jerome Powell zal om 14:30 uur ET een persconferentie houden om het besluit en de economische vooruitzichten te bespreken. • Dit is de nieuwste in een reeks ongewijzigde rentestanden, wat wijst op een voorzichtige benadering om een balans te vinden tussen groei en prijsstabiliteit in de Amerikaanse economie.

• De Bharatiya Janata Party (BJP) van India, die sinds 2014 aan de macht is, heeft onafhankelijke instellingen zoals de kiescommissie, de rechterlijke macht en de media overgenomen, wat heeft geleid tot een democratische terugval naar een hybride regime. • Na het winnen van 240 zetels in de Lok Sabha-verkiezingen van 2024 — minder dan de meerderheid van 272 — voerde premier Narendra Modi snel een nationaliteitswet in die zich richt op moslims, als een belangrijke verkiezingsbelofte te midden van sterke partijondersteuning. • Wetgevende overname heeft de checks and balances verzwakt, waardoor het parlement via censuur, intimidatie en centralisatie van macht is veranderd in een rubberstempel.

• The U.S. Federal Reserve maintained its federal funds rate in the 3.50%-3.75% range at its April 2026 policy meeting. • Decision balances heightened inflation uncertainty, a softening labor market, and geopolitical risks from the Middle East. • Markets remain volatile under President Trump due to tariffs, tax policies, oil price swings, and conflicts, yet stocks have held steady overall.

• The Federal Reserve maintained interest rates at 3.50%-3.75% last week, citing continued economic expansion but persistent inflation linked to energy prices. • Inflation remains elevated with PCE price index up slightly in March to 3.5% year-over-year. • Decision supports market optimism, contributing to S&P 500 nearing its January record high despite Middle East risks.

• US GDP expanded at a 2.0% annualized rate in Q1 2026, rebounding from 0.5% in the prior quarter, driven by government spending, exports, and investment. • Consumer spending stayed strong in March, bolstered by rising personal income and consumption. • Manufacturing PMI hit its strongest since May 2022 per S&P Global, though possibly due to inventory buildup rather than demand.

• Actress Sayani Gupta is receiving positive response for her latest series 'Glory', which recently premiered on Netflix, where she plays the role of Joyna. • Gupta celebrated a significant week in her career with the world premieres of her short film 'Aasmani', which won two awards at the event. • The actress shared an emotional note about balancing her work on the Netflix series with her independent short film project.

At a rally in Florida, the US president tells a cheering crowd ‘we took over the ship’Middle East crisis – live updatesDonald Trump has said the US navy acted “like pirates” as he described an operation seizing a ship amid the tit-for-tat American blockade of Iranian ports.“We … land on top of it and we took over the ship. We took over the cargo, took over the oil. It’s a very profitable business,” said Trump at a rally in Florida on Friday. Continue reading...

• The Federal Reserve maintained interest rates unchanged at its latest meeting but signaled a more hawkish stance, shifting investor sentiment regarding future policy direction. • Tech sector earnings continued to show strong numbers, though stock market reactions remained mixed, with the S&P 500 rising 1% for the week as equities powered through higher oil prices and a backup in yields. • Fed Chair Jerome Powell announced he will not retire after his term ends next month, committing to serve as a constructive governor rather than a shadow Fed chair.

Decision not to change rate comes despite signs inflation is rising amid the Iran war’s effects on fuel pricesThe Bank of England has left UK interest rates unchanged at 3.75%, despite signs that inflation is beginning to accelerate due to the impact of the Iran war.The Bank’s rate-setting monetary policy committee (MPC) voted to leave borrowing costs on hold at noon on Thursday, after its latest rate-setting meeting. Continue reading...

• The Federal Reserve voted to leave the benchmark federal funds rate unchanged at 3.5% to 3.75% on Wednesday, citing concerns about inflation rising amid the war in Iran. • This marks the continuation of the Fed's pause in rate adjustments following three successive 25-basis-point cuts in September, October, and December 2025. • Fed Chairman Jerome Powell is scheduled to hold a press conference at 2:30 p.m. ET to discuss the decision, marking what could be his final interest-rate announcement as Federal Reserve chair.

Fed officials cite elevated inflation, slow job growth and uncertainty in Middle East as reasons for holding ratesSign up for the Breaking News US email to get newsletter alerts in your inboxThe US Federal Reserve left interest rates unchanged after its latest board meeting, defying once again Donald Trump’s call for a cut as the central bank prepares for a leadership shake-up next month.On Wednesday, Fed officials continued to cite elevated inflation, slow job growth and uncertainty in the Middle East as reasons why rates were left untouched. Continue reading...

• A new report from Harris County Public Health reveals Houston has the highest tuberculosis rates in Texas, highlighting urban transmission risks. • The data shows elevated cases linked to dense populations and socioeconomic factors in the Houston area. • Rising TB incidence demands targeted screening and treatment expansions to curb spread in high-risk communities.

The Arab oil producer has long expressed frustration with the quotas it has to follow as part of OPEC, the cartel of major state-owned oil producers.(Image credit: Joe Klamar)

• Florida's KidCare expansion remains stalled in legal limbo since February 2024, preventing coverage for more children. • Uninsured children in the state have risen to 400,000, one of the highest tallies nationwide. • Delay exacerbates access issues as federal funds await resolution, impacting low-income families significantly.

• Broadcom provided second-quarter guidance of $9.2 billion in revenues, exceeding analyst estimates by 6%, driven by surging demand for data center semiconductors and artificial intelligence accelerators from cloud computing providers. • CEO Hock Tan stated that AI-related semiconductor orders are tracking 40% above historical averages, with major customers committing to long-term capacity agreements through 2028, signaling sustained strong demand. • The robust guidance helped lift semiconductor index ETFs 2.1% during extended trading and sparked upgrades from multiple analysts who raised price targets on Broadcom by 8–12% based on improved visibility into AI infrastructure spending cycles.

Exclusive: Report shows cost of first appointment rose $20 in one year, with steeper rises in Western Australia, South Australia and TasmaniaGet our breaking news email, free app or daily news podcastPatients are increasingly going without medically necessary dermatological care, the head of the Consumers Health Forum said, as new report reveals the rising cost of the specialty in Australia.Dermatology is expensive and getting pricier, with an average first visit now costing an adult patient without concessions $230 out-of-pocket, while follow-up appointments cost almost $190, the report from health directory Cleanbill found. Continue reading...

• President Trump issued an Executive Order directing the Department of Health and Human Services to expedite access to treatments for patients with serious mental illness. • The FDA is accelerating its review process for mental health therapies in response to the directive. • This policy shift aims to reduce barriers to treatment approval and expand therapeutic options for affected patients.

• A comprehensive analysis from the National Center for Atmospheric Research shows US carbon dioxide emissions fell 8.2% year-over-year in Q1 2026, driven primarily by renewable energy sources now supplying 34% of national electricity generation. • Solar and wind capacity additions reached record levels with 42 gigawatts of new renewable infrastructure installed in 2025, according to data released by the Department of Energy and independent research institutions. • Climate scientists attribute the acceleration partly to state-level climate policies and federal incentives from the 2024 Clean Energy Investment Act, though transportation and industrial sectors still require significant emission reductions.

• U.S. 30-year fixed-rate conforming mortgage averaged 6.187% on April 21, 2026, down 4 basis points from prior day per Optimal Blue data. • 15-year fixed-rate fell to 5.486%, down 5 basis points, with week-over-week drops up to 31 basis points for some types. • Rates reflect FOMC holding federal funds at 3.50%-3.75% in March, with next meeting April 28-29 potentially influencing trends.

Former Wall Street banker faces questions at confirmation hearing – but his biggest backer is also his biggest liabilityOn the face of it, Kevin Warsh looks like an ideal candidate to chair the Federal Reserve, the world’s most important central bank. The 56-year-old Ivy League economist, former Wall Street banker and presidential adviser ticks all the boxes. Unfortunately for Warsh, as he faces what could be a fraught nomination hearing, his biggest backer is also his biggest liability.In his second term, Donald Trump has attacked the Fed in a manner both unprecedented and unseemly. He has called current chair Jerome Powell – whom he also appointed – a “jerk”, “a stubborn MORON”, and repeatedly threatened to fire him. Continue reading...

• The average 30-year fixed-rate conforming mortgage rate in the US dropped to 6.230%, down 2 basis points from the prior day and 5 basis points from a week ago. • 15-year fixed-rate mortgages averaged 5.535%, declining 5 basis points daily and 2 basis points weekly, per Optimal Blue data reflecting loans locked as of April 16. • Jumbo 30-year rates fell to 6.528% (down 3 basis points weekly), FHA to 6.060% (down 1), VA to 5.833% (down 5), and USDA to 5.863% (down 10 basis points).

Zoological Society of London commissions poet laureate for animation to mark its 200th anniversaryOver its two centuries, acclaimed writers and artists have found inspiration at London zoo, from Edwin Landseer’s Trafalgar Square lions, to AA Milne’s naming “Winnie” after resident bear Winnipeg, and Sylvia Plath’s poem Zoo Keeper’s Wife.Plath’s husband, Ted Hughes, who would become poet laureate, worked at the zoo briefly as a dish washer, an experience said to have helped fuel his inspiration for The Thought-Fox. Continue reading...

• President issues executive order on April 18, 2026, to speed medical treatments for serious mental illness using psychedelic drugs including ibogaine compounds. • Order highlights clinical studies showing potential for patients with persistent conditions unresponsive to standard therapies. • Directs federal agencies to prioritize research, approvals, and access to innovative mental health interventions nationwide.

Bottlenecks in the system and parent’s suspicions mean doctors expect another serious outbreak soonBy 10am on a spring day, the corridor of the clinic in the Transylvanian town of Săcele was already crowded with parents and children. They were all waiting to see Dr Mirela Csabai, one of just seven general practitioners serving a population of more than 30,000.Most of the cases that morning were routine: colds, checkups, chronic conditions. The calm, however, is recent. In 2024, a measles epidemic tore through this community and left one unvaccinated toddler dead. Continue reading...

• Anthropic discovered its AI tool can outperform humans at certain hacking and cybersecurity tasks, marking a significant milestone in autonomous security capabilities. • The findings have prompted discussions among regulators and legislators regarding the implications of advanced AI systems in cybersecurity applications. • The development highlights growing concerns about balancing AI capabilities with security risks, particularly as AI systems demonstrate competency in traditionally human-dominated security roles.

• CDC reports rotavirus circulating at high levels nationwide, with 73.8% of US children vaccinated against the highly contagious virus causing severe diarrhea in infants. • Health experts attribute the late-season surge to vaccine hesitancy, noting the Trump administration's past efforts to remove rotavirus vaccine from childhood schedules. • Cases are life-threatening for kids, prompting warnings as emergency room visits remain elevated beyond typical seasonal peaks.

Researchers find increase in whale deaths in the Bay, largely because of collisions with vessels on busy shipping routeGray whales have historically been a rare sight in the San Francisco Bay. They trek from the warm lagoons of Mexico’s Baja California over 10,000 miles north to the Arctic region to feast on shrimp-like animals during the summers, seldom stopping in the busy shipping corridor for prolonged periods.But in recent years, that story has changed in a dire way. A new study, published this week in the journal Frontiers in Marine Science, has found that gray whales in the Bay have been dying at alarming rates, largely due to collisions with vessels. Continue reading...

Former US Fed chair says lowering rates to reduce debt service cost can lead to inflation getting out of controlBusiness live – latest updatesThe former US Federal Reserve chair Janet Yellen has attacked Donald Trump’s push for lower interest rates, comparing it to the actions of a “banana republic”.The US president has repeatedly urged the central bank to slash interest rates, in the hope of cutting the government’s borrowing costs on its $39tn (£29tn) debt. Continue reading...