- Stalled negotiations involving Iran have led to threats of military strikes.
- Escalation in the Middle East following the downing of an American Apache and strikes on Southern Lebanon, amid peace deal discussions with Iran.
- US President warned of possible military action against Iran, leading to strikes that impacted Iranian oil exports and challenged peace talks.
- The closure of the Strait of Hormuz has choked global oil supply, leading to rising gas prices and pushing inflation to its highest level in three years.
Rising gas prices pushed inflation to its highest level in three years, prompting market expectations of Fed rate hikes.
1 report, 1 independent
Updated Jun 10
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What happened
Rising gas prices pushed inflation to its highest level in three years, prompting market expectations of Fed rate hikes.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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inflation
theory of rapid universe expansion
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FED
business
- The Bureau of Economic Analysis reported core PCE index and disposable income data, with Susan Collins as a central bank policymaker at the Fed.
- Financial journalists are reporting on Kevin Warsh's arguments within the FED, as he presides over his first meeting and discusses potential impacts on market expectations.