Oil prices surge after Israel’s attack on Iran. Trump urges Iran to ‘make a deal before there is nothing left’
June 13, 2025
Fed might have to pick between solving unemployment or inflation, Powell says
BY GREG MCKENNA AND PAOLO CONFINO
May 7, 2025
The 10-year Treasury yield jumped 6.9 basis points on Friday to $4.426, reversing a dip in the immediate aftermath of the attacks.
Oil prices surge after Israel’s attack on Iran. Trump urges Iran to ‘make a deal before there is nothing left’
June 13, 2025
Fed might have to pick between solving unemployment or inflation, Powell says
BY GREG MCKENNA AND PAOLO CONFINO
May 7, 2025

Federal Reserve Chair Jerome Powell told lawmakers on Tuesday that the central bank continues to monitor the threat of inflation.

JPMorgan fears crude oil could hit a high of $130 a barrel, causing U.S. inflation to return to 5% in a worst case scenario.

The S&P 500 dropped as Trump weighs whether to enter Israel's war with Iran.

President Donald Trump's choice to lead the Federal Reserve sees inflation risk very differently than Chairman Jerome Powell.

The conflict involving Iran threatens another price spike that could undermine the president's central case for lower interest…

"We have revised our baseline to show only one rate cut in 2026 ... but it is entirely plausible that the Fed won’t deliver any…