Oil Prices Surge Past $90, Bond Yields Climb Amid Strait of Hormuz Tensions
Brent crude oil prices surpassed $90 a barrel on Monday, July 20, marking the first time the benchmark has reached that level since early June. The surge reflects growing market anxiety stemming from renewed hostilities between the United States and Iran, which have led to significant disruptions in the Strait of Hormuz, a critical chokepoint […]
Federal Reserve Maintains Interest Rates, Cites Persistent Inflation Risk
The Federal Reserve concluded its June meeting by maintaining the federal funds target range at 3.50% to 3.75%. This decision, effective June 18, keeps borrowing costs at their current level, a move that carries tangible implications for individuals and businesses across the Detroit metropolitan area. The central bank’s implementation notice sets the interest rate on […]