From Yahoo Finance: 2025-06-18 11:26:00

The Federal Reserve kept interest rates steady at 4.25%-4.5% but projects two rate cuts later this year. President Trump mentioned Iran reaching out for negotiations, easing tensions with Israel. Geopolitical risks limit stock gains as the US considers joining Israel’s attacks on Iran. Iran vows to respond with force if the US intervenes. US weekly jobless claims fell as expected, while bond yields dropped. MBA mortgage applications declined, and housing data was weaker than anticipated. The markets expect negative tariff news soon, and the chances of a rate cut at the FOMC meeting are 0%. Overseas markets show mixed results.



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