When Kevin Warsh was sworn into office at a White House ceremony in May, President Donald Trump praised his hand-picked Federal Reserve chairman and encouraged him to be “totally independent.” “Just do your own thing,

Stubbornly high inflation has set Donald Trump and Federal Reserve chair Kevin Warsh on a collision course this week as markets prepare for the central bank to raise interest rates in defiance of the president’s demands.

When Kevin Warsh was sworn into office at a White House ceremony in May, President Donald Trump praised his hand-picked Federal Reserve chairman and encouraged him to be “totally independent.”

Your guide to what Trump’s second term means for Washington, business and the world The US Federal Reserve looks likely to raise interest rates at its meeting next week, despite President Donald Trump’s repeated calls for cuts,

Canada’s consumer-price index slipped 0.1% in August, holding the annual rate of inflation at 3%, Statistics Canada said.

Canada's inflation rate was unchanged at 3% last month, matching expectations as gasoline prices rose at a slower annual pace.

India’s inflation accelerated in August, pushing closer to the top of the central bank’s 2%-6% target range and potentially narrowing the scope for policymakers to remain on hold for long.

India's inflation in August accelerated for the tenth month straight to 4.82% in August amid rising food and fuel prices.

Oil prices ​rose more ‌than $3 at market open ​on ​Monday, after new ⁠strikes on ​Saudi Arabia ​and on ships in the ​Gulf ​on Sunday. Brent crude futures ‌rose $3.62, ⁠or 3.46%, to $108.23 per barrel ​as ​of ⁠22:14 GMT (Sunday).

The latest jump comes after attacks by Yemen's Iran-backed Houthi rebels forced Saudi Arabia to shut down its key East-West oil pipeline.

Global oil prices powered firmly higher on Monday, pushing Brent crude futures towards the highest closing level since May, following the shutdown of a key in Saudi Arabia used to bypass the Strait of Hormuz.

Saudi Arabia will run out of oil to export via a major pipeline closed following drone attacks if the kingdom is unable to reestablish the flow within a week, it has been reported. Repairs could take up to six weeks,