Trump and GOP lawmakers said that they had the votes necessary to pass landmark crypto legislation in the House.

The dollar fell sharply on Wednesday after Bloomberg, citing an unidentified White House official, reported U.S. President Donald Trump is likely to fire Federal Reserve Chair Jerome Powell soon.

Economists expect rising prices to continue into the summer and the rest of the year, due to the quick and staggered nature of the tariffs. What they call a “price creep” won’t be sudden, but will steadily show in consumer goods and costs during these next few months.

The US housing market is close to stalling out, with prices in more than half the country’s top 100 housing markets now below their peak, according to the latest data from Intercontinental Exchange.

Oil prices rose on Wednesday on expectations of steady demand in the U.S. and China, the world's two largest oil users, amid an improving economic outlook. Brent crude futures rose 29 cents, or 0.42%,

There will be "no respite for the consumer" in Northern Ireland as a grocery business warns food prices will remain stubbornly high this year. It comes as official figures show food and drink prices rose by 4.5% in the 12 months to June. That is the highest rate since February 2024 but is well below the peak seen in early 2023.

U.S. copper prices surged to records last week ahead of the 50% tariff that President Trump has promised to impose on imports Aug. 1. Traders and analysts expect copper prices in the U.S. t