Major developments in the United States.
Trump said Washington is pursuing a potash purchase agreement with Belarus at prices ‘substantially less’ than what the U.S. pays Canada, escalating trade pressure on Ottawa. The announcement is a statement of intent, not a signed deal.
The benchmark 10-year yield reached its highest level since 2007 as investors weighed inflation, oil prices and a likely Fed rate increase.
The first phase of the modernization effort is projected to cost $16 billion, above the $12.5 billion Congress provided.
The official poverty rate fell to 10.2% in 2025 while real median household income reached $87,460, new Census Bureau data show.
The Federal Reserve approved its first increase in more than three years and projected another possible move this year as inflation remained above target.
Consumer prices rose 0.4% in August and 3.4% from a year earlier, with gasoline and energy costs driving much of the monthly increase ahead of the Federal Reserve’s September meeting.
