Powell: Iran Oil Crisis Will Worsen US Inflation
Federal Reserve Chair Jay Powell warned that the Iran oil crisis will likely exacerbate inflation in the United States. Rising oil prices could put upward pressure on consumer prices across the board.
Citi Analyst: Fed Rate Hike Now 'Highly Unlikely'
Citi's Kate Moore suggests that further interest rate hikes by the Federal Reserve are now "highly unlikely" due to economic conditions. This signals a potential shift in monetary policy.