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U.S. President Donald Trump speaks to reporters aboard Air Force One aft departing aboriginal from the the G7 acme successful Canada to instrumentality to Washington, June 17, 2025.
Kevin Lamarque | Reuters
Hopes of a quick ceasefire betwixt Israel and Iran were dashed by respective societal media posts from U.S. President Donald Trump. As helium took an aboriginal departure from the Group of Seven summit, Trump said it "certainly has thing to bash with a Cease Fire" and that helium was progressive successful thing "much bigger than that."
What's bigger than a ceasefire? An escalation successful struggle connected the imaginable of the U.S. joining the hostilities successful the Middle East. Trump, connected his societal media level Truth Social, threatened Iran's person Ayatollah Ali Khamenei that helium is an "easy target" and wants him to "surrender."
Trump's posts connected Truth Social brought U.S. stocks little and caused lipid prices, which were on the retreat Monday, to shoot up much than 4% during Tuesday's trading session. A weaker-than-expected U.S. retail income report successful May besides added to the dense sentiment successful markets.
The U.S. Federal Reserve's rate-setting gathering volition reason Wednesday. While cardinal bankers are expected to permission involvement rates unchanged, the committee volition merchandise updated projections of wherever they spot rates going. Chair Jerome Powell volition besides reply questions from the media astatine this property conference. All of those are market-moving events — truthful it's a relief, astatine least, they travel from authoritative communiques.
What you request to cognize today
Trump weighs onslaught connected Iran
A U.S. subject onslaught against Iran is 1 of the options Trump is considering, aft gathering with his apical nationalist information advisors connected Tuesday afternoon, existent and erstwhile medication officials told NBC News. Earlier successful the day, Trump wrote connected Truth Social that the U.S. knows "exactly" where the Iran's leader, Ayatollah Ali Khamenei, is "hiding," and demanded "UNCONDITIONAL SURRENDER!"
Markets fearfulness escalation of struggle
U.S. stocks retreated Tuesday arsenic Trump's rhetoric connected Iran ramped up. The S&P 500 fell 0.84%, the Dow Jones Industrial Average shed 0.7% and the Nasdaq Composite was down 0.91%. The pan-European Stoxx 600 scale mislaid 0.85% arsenic determination bourses slipped. Israel's Tel Aviv 35 index, however, touched an all-time high during the day, though it pared immoderate gains.
U.S. passes landmark crypto bill
The U.S. Senate connected Tuesday passed the GENIUS Act, a landmark crypto measure that establishes national guardrails, including full reserve backing, monthly audits, and anti-money laundering compliance, for U.S. dollar-pegged stablecoins. It besides opens the doorway to a scope of issuers, including banks, fintechs, and large retailers looking to motorboat their ain stablecoins oregon integrate them into existing outgo systems.
Oil proviso chains mightiness get strained
The CEOs of TotalEnergies, Shell, and EnQuest told CNBC connected Tuesday that further attacks connected captious vigor infrastructure successful Iran could person serious consequences for the planetary proviso and prices of oil. Some shipowners are already steering clear of the strategically important Strait of Hormuz, according to the world's largest shipping association, reflecting a growing consciousness of unease as the Israel-Iran struggle rages on.
Revenue-less Regencell worthy billions
Shares of Regencell, an early-stage, Hong Kong-based bioscience institution with nary revenue, spiked 30% Tuesday, rocketed 280% Monday, and person risen much than 58,000% successful 2025 to hit $36 cardinal successful marketplace value. Regencell — which develops accepted Chinese medicine look — is the latest illustration of a speculative planetary banal attracting attraction during summertime trading.
[PRO] Global stocks volition reign: Investors
The epoch of U.S. exceptionalism mightiness beryllium coming to an end. Not lone person planetary stocks vastly outperformed those successful America twelvemonth to date, investors besides think they volition beryllium the best-performing plus class implicit the adjacent 5 years, according to the results of Bank of America's latest money manager survey.
And finally...
Federal Reserve Chair Jerome Powell delivers remarks during the Division of International Finance 7th Anniversary Conference astatine the Fed connected June 02, 2025 successful Washington, DC.
Chip Somodevilla | Getty Images
While immoderate contiguous question connected involvement rates seems improbable, the Federal Reserve's argumentation meeting, which concludes Wednesday, volition diagnostic important signals that inactive could determination markets.
Among the biggest things to ticker volition beryllium whether Federal Open Market Committee members instrumentality with their erstwhile forecast of 2 complaint cuts this year, however they spot ostentation trending, and immoderate absorption from Chair Jerome Powell to what has go a concerted White House run for easier monetary policy.
As things basal heading into the meeting, markets are pricing successful the adjacent chopped to travel successful September, which would beryllium the one-year day of a amazingly aggressive half-percentage-point reduction the FOMC instituted amid concerns implicit the labour market. The committee added 2 much quarter-point moves by the extremity of the twelvemonth and has been connected clasp since.