US EditionUS Stocks Flat as Fed Keeps Rates Steady, Oil Prices Gyrate
- On June 18, 2025, the Federal Reserve decided to maintain the current interest rate level amid ongoing conflicts in the Middle East and uncertainty in the US and Philippine markets.
- This decision reflects the Fed's caution as inflation pressures persist and tariff effects remain unclear, with Jerome Powell stating rate cuts are not expected this year.
- Markets were unsettled by escalating Israel-Iran conflict and trade concerns, causing mixed US stock performance and higher oil prices due to supply disruption fears.
- The Dow Jones fell 44.14 points to 42,171.66, the S&P 500 slipped 1.85 points to 5,980.87, and the Nasdaq rose 25.18 points to 19,546.27, while Coinbase surged 16.3%.
- The Fed's forecast raised 2025 inflation to 3 percent and unemployment to 4.5 percent, suggesting cautious policy ahead amid geopolitical risks and a slowing economy.
47 Articles
47 Articles
PH peso sinks back to 57:$1 as US Fed hold boosts dollar
MANILA, Philippines — The Philippine peso retreated back to the 57:$1 level at the opening of trading on Thursday as the US dollar gained strength. The greenback firmed up after the US Federal Reserve kept key interest rates unchanged. Meanwhile, the Bangko Sentral ng Pilipinas (BSP) is widely expected to ease its policy stance later today. READ: US Fed keeps interest rates unchanged in face of Trump criticism The local currency opened the tradi…
Wall Street Unfazed as Fed Keeps Rates Steady Amid Global Tensions
Wall Street Unfazed as Fed Keeps Rates Steady Amid Global Tensions In an eventful day on Wall Street, major indexes remained stable as the Federal Reserve opted to keep interest rates unchanged. The decision came amidst ongoing geopolitical tensions, specifically the escalating Israel-Iran air conflict which has driven oil prices higher due to concerns over supply disruptions.Chair Jerome Powell's much-anticipated address pointed out that U.S. c…
InsideNoVA.com
US stocks flat as Fed keeps rates steady, oil prices gyrate
Wall Street stocks treaded water Wednesday after the Federal Reserve met expectations and kept interest rates steady while oil prices nudged higher following a volatile session amid ongoing clashes between Iran and Israel.
Coverage Details
Bias Distribution
- 50% of the sources are Center
To view factuality data please Upgrade to Premium
