Bonds & Stocks
The latest reading on the US labor market did little to sway markets ahead of the Federal Reserve decision, with stocks, bonds and the dollar showing small moves as traders watched the latest developments in the Middle East conflict. Oil rose as the focus remained on flows through the region’s vital shipping chokepoint.
Economy
Federal Reserve officials are expected to leave interest rates unchanged for a fourth straight meeting, citing a need for more clarity on the economic impact of government policy changes. Policymakers have warned President Trump’s tariffs could boost inflation and unemployment, but so far, steady hiring and cooling inflation have allowed Fed officials to keep rates unchanged this year.
World
Iran's Supreme Leader Ayatollah Ali Khamenei rejected President Donald Trump's demands for complete capitulation and predicted "irreparable damage" if the US joins Israel in bombarding Iran.