From Yahoo Finance: 2025-06-17 21:41:00

Major Wall Street indexes ended little changed after the U.S. central bank held interest rates steady. Oil prices climbed due to the Israel-Iran air war. Federal Reserve Chair Powell expects consumer goods prices to rise this summer under pressure from Trump’s tariffs. The Fed signalled future cuts in borrowing costs would proceed more slowly. Geopolitical tensions remain high as Iran’s Supreme Leader rejects Trump’s demands. Dow Jones ended lower, S&P 500 fell, Nasdaq rose. Brent crude settled higher, U.S. West Texas Intermediate rose. U.S. Treasury yields rose after Powell’s forecast of accelerating inflation. Economic data shows challenges ahead.



Read more at Yahoo Finance: Equities flatten, oil rises after Fed holds rates and Mideast conflict rages on