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Senate Banking
Federal Reserve Board Chairman Jerome Powell listens during a Senate Committee on Banking hearing, Wednesday, June 25, 2025, on Capitol Hill in Washington. (AP Photo/Julia Demaree Nikhinson)

The FED is balancing unemployment and inflation pressures

Trump Workers Detroit
Katy Frank, a former computer scientist at the NOAA Great Lakes Environmental Research Lab, who lost her job Thursday, protests outside the John D. Dingell Veterans Affairs Medical Center in Detroit, Friday, Feb. 28, 2025. (AP Photo/Paul Sancya)

Labor market softens

Three Mile Island Microsoft
At Constellation's nuclear power plant on Three Mile Island, called the Crane Clean Energy Center, near Middletown, Pa., the cooling towers are reflected in the Susquehanna River at sunrise on Wednesday, June 25, 2025. (AP Photo/Ted Shaffrey)

Environmental Impact

Federal Reserve Large Banks
FILE- The seal of the Board of Governors of the United States Federal Reserve System is displayed in the ground at the Marriner S. Eccles Federal Reserve Board Building in Washington, Feb. 5, 2018. In a proposal released Thursday, July 27, 2023, the nation’s biggest and most complex banks will need to hold additional capital on their balance sheets under an initial proposal by the Federal Reserve designed to help banks better withstand risks to their businesses that go beyond a recession or financial crisis. (AP Photo/Andrew Harnik, File)

Economic impacts in monetary policy

AP Top Photos of the Month September 2025
FILE - Chinese President Xi Jinping takes a drink at a reception following a military parade to commemorate the 80th anniversary of Japan's World War II surrender held in front of Tiananmen Gate in Beijing, Wednesday, Sept. 3, 2025. (AP Photo/Mahesh Kumar)

China’s SCO summit and military parade

Narendra Modi, Vladimir Putin
Indian Prime Minister Narendra Modi, right, hugs Russian President Vladimir Putin before their meeting in New Delhi, India, Friday, Oct. 5, 2018. Putin arrived in India on Thursday for a two-day visit during which India is expected to sign a $5 billion deal to buy Russian S-400 air defense systems despite a new U.S. law ordering sanctions on any country trading with Russia's defense and intelligence sectors. (AP Photo/Manish Swarup)

Closer ties

Brazil BRICS Summit
Brazilian President Luiz Inacio Lula da Silva speaks during a press conference at the 17th annual BRICS summit in Rio de Janeiro, Monday, July 7, 2025. (AP Photo/Eraldo Peres)

Geopolitical complexities and alliances

APTOPIX Yemen Mideast War
Houthi supporters chant slogans during a weekly anti-U.S. and anti-Israel rally in Sanaa, Yemen, Friday, May 9, 2025. (AP Photo/Osamah Abdulrahman)

US strikes on Iran-backed Houthi rebels in Yemen

YE-Top Photos-Mideast-Photo Gallery
Houthi fighters march during a rally of support for the Palestinians in the Gaza Strip and against the U.S. strikes on Yemen outside Sanaa on Monday, Jan. 22, 2024. (AP Photo)

Houthi rebels attacks in the Red Sea

Egypt Suez Canal
A pilot boat waits for ships at the Suez Canal in Ismailia, Egypt, Wednesday, April 16, 2025. (AP Photo/Amr Nabil)

Red Sea Shipping on Edge

Egypt Suez Canal
Ships cross the Suez Canal in Ismailia, Egypt, Wednesday, April 16, 2025. (AP Photo/Amr Nabil)

Impacts of security in trade

Brazil Lula Tariffs
Economy Minister Fernando Haddad, from left, Chamber of Deputies President Hugo Motta, Brazil's Vice President Geraldo Alckmin, Brazil's President Luiz Inacio Lula da Silva and Senate President Davi Alcolumbte, pose for a group photo during a signing ceremony to enact the Sovereign Brazil Plan, an aid program to support companies affected by the 50% tariffs imposed on Brazilian products in the United States, at the Planalto presidential palace in Brasilia, Brazil, Wednesday, Aug. 13, 2025. (AP Photo/Eraldo Peres)

Trump’s politically motivated sanctions against Brazil

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