The U.S. and China agreed to extend their trade truce by two months ahead of a White House summit, while Brent oil rose above $105 before easing on reports of talks to reopen the Strait of Hormuz.
The Federal Reserve voted 12-0 to raise its key interest rate to 3.75%-4% to fight oil-driven inflation, while strong retail sales showed shoppers are still spending.
New U.S.-Iran strikes around the Strait of Hormuz pushed U.S. oil above $100 a barrel, stocks slid for four straight days, and August inflation jumped to 3.4%.
In his first Jackson Hole speech, Fed Chair Kevin Warsh said inflation is still too high and hinted at rate hikes, while new data showed growth slowing to 1.5% and inflation stuck well above target.
Minutes from the Fed's July meeting showed many officials ready to raise rates if inflation doesn't cool, while Walmart reported its slowest U.S. sales growth in six years and homebuilders stayed gloomy.
July's jobs report showed an unexpected decline in employment, and trade policy shifted again after a court ruling forced the administration to change its tariff approach.
The Federal Reserve held rates steady for a fifth straight meeting, but three officials dissented in favor of raising rates - the first split like it in nearly a decade.
The Federal Reserve's new chair held rates steady in his first meeting, but the tone of the committee shifted noticeably toward being more cautious about cutting.
Stocks notched an eighth straight winning week and hit fresh records, before new tariff announcements triggered one of the sharpest sell-offs in years.
A key measure of German business confidence hit its lowest level since the pandemic, while the Federal Reserve met amid speculation about a change in leadership.
March inflation jumped sharply on soaring gasoline prices, but a conditional ceasefire in the Middle East sent oil prices tumbling by the end of the week.
Stocks fell for a fifth straight week, oil climbed above $100 a barrel, and a major economic body warned the ongoing conflict was testing the global economy.
The European Central Bank sharply raised its inflation forecast, and global stocks fell to a four-month low on fears of slow growth paired with rising prices.
Military strikes in Iran late last week sent oil prices sharply higher and triggered a global stock sell-off, while safe-haven assets like gold gained.
Economic growth came in well below forecasts for the end of last year, and a major investment firm's move to limit withdrawals rattled private lenders.
The central bank held interest rates steady after three straight cuts, tech earnings sent mixed signals, and Washington faced another funding deadline.
Senior Indian politician Jai Prakash Agarwal endorsed EconReads founder Advik Bansal's campaign to make education and financial literacy accessible to visually impaired students, honoring him with the Young Gandhi Service Award.
A profile on how 15-year-old founder Advik Bansal built EconReads into a youth-led initiative making financial literacy accessible to visually impaired learners worldwide.