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Iran’s Ghalibaf Accepts US Talks Role Despite Soleimani Killing Objections
Iranian politician Mohammad Bagher Ghalibaf said he initially resisted joining US negotiations, citing President Trump’s role in the 2020 killing of Qasem Soleimani, but accepted the role as a national duty.
Iran Speaker Qalibaf Says Even UN-Backed Deal Not Trustworthy
Iranian Parliament Speaker Mohammad Bagher Qalibaf stated that his distrust of the US exceeds anyone else's, adding that even a final agreement backed by a UN Security Council resolution would not be trustworthy, and that Iran's own power remains its only guarantee.
Fed Holds Rates Steady as Warsh Strikes Hawkish Tone at First Press Conference
The Federal Reserve left interest rates unchanged at 3.50%-3.75% and released updated projections, while new Chair Kevin Warsh delivered a hawkish message and promised reforms at his first press conference.
Fed Chair Warsh Drops Forward Guidance, Market Drops on Uncertainty
In his first press conference, Fed Chair Kevin Warsh announced the end of forward guidance and hinted at eliminating the dot plot, leading to increased uncertainty and a market selloff.
US-Iran Interim Deal: Naval Blockade Lifted, $300B Reconstruction Plan
Iran released the full text of an interim agreement with the US, including commitments to lift the naval blockade, resume shipping through the Strait of Hormuz, and pursue a $300 billion economic reconstruction program.
Iran Deal Text: US Commits to Waivers for Oil, Petrochemical Exports
According to the text of the Iran nuclear agreement, the US has committed to issuing waivers for Iranian oil, petrochemical and derivative exports immediately after signing, lasting until sanctions are fully lifted.
Iran Publishes Full Text of Interim US-Iran Agreement
Iran released the full text of an interim agreement with the U.S., outlining commitments on non-interference, nuclear program limits, sanctions relief, and a $300 billion reconstruction plan.
Dow Jones Gives Up Record After Hawkish Fed Shift
The Dow Jones Industrial Average surrendered its third consecutive record on Wednesday after the Federal Reserve turned hawkish, with markets reacting to Kevin Warsh's first decision as Fed chair.
Fed Raises 2026 Rate Forecast to 3.8%, Lifts Inflation Projections
The Federal Reserve's latest dot plot shows policymakers now expect interest rates at 3.8% by end-2026, up from 3.4% in March, while also raising PCE inflation projections.
Fed's Waller Says Central Banking Enters New Chapter, Unswayed by Short-Term Markets
Federal Reserve Governor Christopher Waller stated that the Fed has opened a new chapter for central banking. He acknowledged markets have a lot to digest but reaffirmed that the Fed will not be distracted by short-term reactions and remains committed to price stability.
Fed's Waller: Only One Proposal on Table, Task Forces Make Recommendations Only
Federal Reserve Governor Christopher Waller stated that only one proposal was considered after a few days of internal debate, emphasizing that the Fed is not outsourcing decisions and that task forces will merely provide recommendations.
Fed's Warsh Open to New Techniques, Private Data for Official Statistics
Federal Reserve official Warsh expressed openness to using new analytical techniques and private sector data to reform official statistics, adding that financial markets perform best when reacting to data rather than forward guidance.
Fed Chair Warsh Unveils Shorter Statements, New Task Forces
Fed Chair Warsh announced a shorter policy statement format, said forward guidance is ill-suited to current conditions, and launched five new independent task forces to review the Fed’s economic projections framework. He reaffirmed the 2% inflation target and noted that policy is restrictive for housing but not for financial markets.
Fed’s Waller Jokes Dot-Plot Forecasts Are Made With ‘Pencils That Have Big Erasers’
Federal Reserve Governor Christopher Waller remarked that policymakers submit their interest-rate forecasts (the dot plot) with “pencils that have big erasers,” suggesting officials do not treat the projections as binding and are open to revising the way they communicate the policy outlook.
Fed's Warsh: Inflation Is Monetary Policy Driven; Housing Restrictive, Year-End Communication Review
Fed's Warsh stated that inflation is primarily determined by monetary policy and suggested current policy appears restrictive for the housing market but less so for financial markets. He also signaled a broad year-end review of Fed communication tools including the dot plot, press conferences, and policy meeting practices.
Fed's Warsh Reiterates Opposition to Forward Guidance, Favors Data-Dependent Approach
Federal Reserve official Warsh stated the central bank has removed forward guidance from its communications and will not pre-commit to a rate path, preferring to react to incoming data.
Fed’s Warsh Reaffirms Commitment to 2% Inflation Target
Federal Reserve Chair Kevin Warsh stated that the central bank has both the commitment and capability to bring inflation back to its 2% target, emphasizing that price stability remains the Fed's primary objective with unanimous support among officials.
Fed's Warsh: Policymakers Showed Little Conviction, Year-End Review of Communications Ahead
Fed Governor Christopher Warsh stated that policymakers displayed little conviction in their economic projections and announced a comprehensive year-end review of Fed communications, including press conferences, dot plots, and meeting formats.
US Dollar Index Rallies as Fed Turns Hawkish Under New Chair
The US Dollar Index surged after the Federal Reserve held rates steady at 3.50–3.75% but signaled a hawkish stance, particularly in the first meeting chaired by Kevin Warsh.
Federal Reserve Holds Rates Steady at 3.50%-3.75% in June
The Federal Reserve kept its benchmark interest rate unchanged at 3.50%-3.75% following its June meeting, matching market expectations.
Fed Holds Steady, 9 of 18 Officials Expect Rate Hike This Year
The Federal Reserve left interest rates unchanged for the fourth consecutive meeting, while a divided committee showed 9 out of 18 officials anticipate at least one rate hike in 2026. The central bank also lowered its GDP growth forecast and sees inflation remaining elevated.
Fed Holds Rates Steady at 3.50%-3.75% in June Meeting
The Federal Reserve kept its benchmark interest rate unchanged at 3.50%-3.75% following its June meeting, matching market expectations.
US Releases Full Text of 14-Point MOU with Iran, 60-Day Negotiation Window
The US and Iran have signed a Memorandum of Understanding outlining key terms including ceasefire, sanctions relief, oil waivers, and a $300 billion reconstruction fund, triggering a 60-day window for a final deal.
UK Faces Brexit Consequences a Decade After Referendum
June 23 marks the tenth anniversary of the Brexit referendum, which led to the UK's exit from the European Union. The post highlights the ongoing economic and political consequences for the UK.