Federal Reserve Faces Challenges in Justifying Rate Cuts as Cost of Living Pressures Intensify BP Shares Decline After Board Ousts Chairman Albert Manifold Over Serious Conduct Issues ECB Rate Hikes Amid Stagflation Risks A Big Mistake Warns Berenberg Chief Economist AI Industry Emerges as Key Beneficiary in MuskAltman Trial Observers Say Paul Tudor Jones Sees No Chance of Fed Rate Cuts Under Potential Warsh Leadership General Dynamics Stock Faces Mixed Analyst Outlook Amid Defense Sector Volatility WTI Oil Steadies Near Key Level as Australian Inflation Eases Market Awaits US PCE Data