💨 Abstract

The recent conflict between Israel and Iran has caused global oil prices to surge, raising concerns about potential inflation worldwide, including in the U.S. This situation, combined with President Trump's policy shifts, adds complexity for the Federal Reserve in deciding on interest rate cuts. Despite strong U.S. job data, the Fed remains cautious, waiting to see how geopolitical tensions and domestic policies affect the economy. Investors currently predict a rate cut in October.

Courtesy: WTOP Staff