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Aug 2026
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Jerome Powell: Oil price rally will lead to a rise in inflation in the short term

The impact of developments in the Middle East on the US economy is uncertain, the head of the Federal Reserve said in a statement

Fed: interest rates unchanged amid war and energy crisis

Interest rates were maintained in the 3.5% to 3.75% range as the oil rally boosts inflationary pressures and pushes back expectations for the first cut of the year since the autumn

Ankara proposes extending the pipeline linking Turkey and Iraq as an alternative to the Strait of Hormuz

This proposal was presented in an interview by Turkey’s Energy Minister as an alternative solution in case the Strait of Hormuz is closed

New Pierrakakis regulation for larger “haircuts” and lower installments in out-of-court debt settlements: How the primary residence can be saved

Debtors will be able to separate their primary residence from the rest of their assets, choosing to liquidate other property in order to settle their debts faster and under more sustainable terms

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