Fed Holds Rates Steady, But More Officials See Higher Rates as Next Move
At Kevin Warsh's first meeting as chairman, the central bank signaled a rate hike is now more likely this year than a rate cut
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Stocks Retreat After Fed Hints at Higher Rates
Federal Reserve officials hinted more strongly at the potential for higher interest rates, sending stocks lower.
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Trump Defends Iran Deal, Says He Wants to Avoid 'Economic Catastrophe'
The president said he could resume bombing if Tehran didn't honor the terms of the interim agreement.
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U.S. Retailers' Sales Growth Accelerated Last Month
Sales growth rose more than expected for U.S. retailers in May, as consumers continued to make purchases even as gasoline prices remained elevated.
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The IPO Onslaught Is Forcing Bankers to Pick Teams
Goldman Sachs and Morgan Stanley are preparing for the IPOs of OpenAI and Anthropic by forming separate teams to prevent information sharing.
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U.S. Pending-Home Sales Rises More Than Expected in May
The pending-home sales index, a leading indicator of house sales based on contract signings, rose 3.8% on month to 76.8. Economists polled by The Wall Street Journal had forecast a 1% increase.
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U.S. Crude Oil Stockpiles Fall More Than Expected
Commercial crude oil stocks were down by 8.3 million barrels as net imports decreased and refineries ran near full capacity.
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ECB's Tracker Continues to Point to Slower Wage Growth
Eurozone wage growth shows no sign of picking up in response to the rise in energy prices , according to European Central Bank figures.
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Oil Supply Could Far Outstrip Demand Growth if Middle East Peace Deal Holds, IEA Says
Oil consumption is set to fall sharply lower before flows through Hormuz gradually normalize, setting the stage for a supply surge that could far outstrip demand growth .
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U.K. Inflation Remains Unexpectedly Flat Ahead of Bank of England Meeting
Annual inflation was unchanged in May, defying expectations of an increase and reinforcing the view that the BOE will keep rates on hold Thursday.
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China Moves to Boost the Use of Yuan Globally
China is doubling down on building more resilient financial infrastructure to shield its economy from external shocks.
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Trump Picked Warsh to Cut Rates. His Committee Is Talking About Hikes.
Kevin Warsh walks into his first meeting as Federal Reserve chairman this week in an awkward spot. He argued for rate cuts. The conversation at the Fed has shifted the other way.
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NATO's Rutte Says European Allies Ready to Help Restore Gulf Shipping
Members of the military alliance, led by the U.K. and France, are ready to support the return of shipping through the Strait of Hormuz, the NATO secretary-general said.
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Bank of Korea Warns Inflation May Stay Elevated Despite Middle East Truce
South Korea is likely to see elevated inflation for a prolonged period as higher energy costs spread into the broader economy and creates fresh risks for policymakers, the Bank of Korea said.
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Japan Imports Rise as Energy Supply Diversification Progresses
A surge in energy costs and pivot toward alternative procurement channels likely drove up Japan's import bill.
(END) Dow Jones Newswires
June 17, 2026 17:00 ET (21:00 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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