Business · Important news for 20 August 2026
Canada and US finalize trade deal talks ahead of tariff deadline
India rate panel signals impending hikes as inflation path dictates timing
Trump administration takes emergency buyback measures as bond market rattles economy
Oil prices jump following Trump declaration of economic operations against Iran
Federal Reserve Meeting Minutes Hint Potential Rate Increase Later This Year
Newly released minutes from the Federal Reserve's July meeting indicate that officials discussed the possibility of raising interest rates later this year.
- FOMC and Board of Governors meeting minutes reveal officials discussed potential rate hikes.
- The discussion contrasts with general expectations of declining inflation.
Part of the storyline: Will the Fed raise rates again?
Wall Street borrows $500 billion to fund AI infrastructure development
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