Nasdaq 100 rallies, oil sinks to $75 on iran peace deal

White house press briefing with vice president jd vance on lebanon component of iran deal, says expect both sides to honor deal; will have to manage flare-ups through diplomacy; eventually want to see lebanese gov't police southern lebanon; israelis have to respect this peace process; attacks on civilians in beirut not acceptable; on israeli critics of the trump's iran deal, says might not want to attack only ally, wake up and smell the reality israel is

Conservatives plan nationwide protest against ai data centers' - axios exclusive

U.S., iran to negotiate release of iran's frozen funds; final U.S., iran deal to be endorsed by united nations security council resolution

Once final deal reached, U.S. to remove forces from proximity of iran within 30 days; U.S., regional partners to develop $300b reconstruction, economic development plan for iran; iran to ensure safe passage of commercial vessels at no charge in strait of hormuz for 60 days; as part of final deal, U.S. will terminate sanctions on iran; iran says it will not procure or develop nuclear weapons; U.S. to issue waivers for export of iranian oil

White house provides text of interim U.S.-iran agreement to congress; us, iran declare immediate, permanent end to military operations on all fronts, including lebanon; U.S., iran commit to negotiating a final deal within 60days, can extend timeframe if both agree; U.S. to fully end naval blockade on iran within 30 days

White house press briefing with vice president jd vance on iran sanctions, says we did not see that as a major concession in deal; we'll be able to see how iran sends and receives money; confident that we can temporarily lift without congress

White house press briefing with vice president jd vance on iran, says final negotiations will set terms for after 60 days

White house press briefing with vice president jd vance, says expects both sides of lebanon and israel to honor deal

White house press briefing with vice president jd vance on iran's nuclear weapons, says they would have to get a lot of money to rebuild program

White house press briefing with vice president jd vance on iran, says we do expect as part of final deal iran won't have missiles that threaten entire world

Federal regulators back trump's plan to speed power to energy-hungry ai data centers' - ap

White house press briefing with vice president jd vance, says 12.5m barrels of oil moved overnight

Us leading index (mom) for may 0.1% vs 0.1% est.

Federal reserve board requests comment on proposal to require certain payment stablecoin issuers to maintain an effective customer identification program

Philadelphia fed manufacturing index for june 10.3 vs 9.8 est.

Philly fed employment for june 7.9 vs -2.8 prior

USA continuing jobless claims 1,810k vs 1,800k est.

USA initial jobless claims 226k vs 225k est.

Forget the june fed pause: citadel warns 'second-round effects' will force a september rate hike

Stock market today: dow jones, nasdaq 100 futures surge following sharp sell-off as fed kept rates unchanged—freecast, smith & wesson in focus

President trump posts on truth social "the technology the world relies on was invented in america. we all remember "intel inside." stupid presidents took our economy for granted, and let taiwan and others steal our semiconductor factories. they forgot to protect our industries with tariffs. when i won my second term (third, actually!), it was clear america needed its semiconductor industry to come back to the U.S.a. we design everything, but we need to build it here, now! so i decided to help intel"

Axios correspondent barak ravid posts on x "breaking: U.S. and iran have signed the mou for ending the war electronically on wednesday and it is now in effect, two U.S. officials told me"

Iranian state media cites iran's top negotiator qalibaf saying per the mou, $300b has been allocated to be invested in iran, part of which will be spent on reconstruction

Iranian state media cites iran's top negotiator qalibaf saying strait of hormuz will not return to pre-war conditions but this does not mean acting against international laws or maritime navigation

Warsh's hawkish fed debut shocks markets: 'this committee will deliver price stability'

A house judiciary subcommittee will hold a june 24 hearing to examine U.S. airline competition and regulation following spirit airlines' collapse' - devdiscourse

Fed holds rates steady; retail sales remain resilient

The U.S. commits to grant iran access to its frozen funds within the implementation of the mou

New fed chair kevin warsh says the fomc made a commitment to deliver projections, expect to live up to that; by end of this year would not be surprised if there is a new communications framework, changes to sep; until then would continue to expect colleagues to continue to submit; some think it's okay, heard a lot of interest in real reform on sep; our credibility requires delivering on promises in all areas; will deliver on price stability objective

Asked about fed headquarters building renovations, says he has met with inspector general; inspector general will be coming out with a report later this summer; on renovations, will do what we can to be good stewards of taxpayer money; my read of what i heard in the room, refleced in projections, was that half of colleagues felt rates should be lower and half should be higher; will know more when meet in six weeks

New fed chair kevin warsh says hard to say policy is restrictive anywhere but in housing; i don't believe we have a cruel choice between full employment, stable prices; have work to do on price stability front; says none of 19 at table felt we needed to tighten today; demand side on ai is being counted; less certain about the supply side; amibition is not to overhaul system of national accounts

New fed chair kevin warsh says markets, public must know fed will deliver on price stability; need to make sure changes in oil, eggs, beef etc. don't broaden in the economy; have met with bessent three times so far; weekly meetings with treasury secretary are very useful; what happens in mideast does have effect on our day job, even though it isn't our responsibility; committee discussed productivity, ai today, ai is filled with opportunity, risks; effect of policy is uneven

New fed chair kevin warsh says only one policy proposal was on the table today, very little discussion on it, no discussion of any other proposals; had a good family fight on it for a couple days; we are not outsourcing decisions, task forces will make recommendations; we've given markets a new chapter for the central bank; this is a lot of change for financial markets to digest; won't be particularly intrigued by how markets react in first minutes, days

New fed chair kevin warsh says we'll fix five years of misses on inflation; hints future press conferences may be contingent on circumstantial messaging goals; open minded there are new analytic techniques, new private sector data, reforms for official sector data; financial markets perform best when they react to data; financial market prices are the most important source of information to guide central bankers; markets work less efficiently when they fixate on fed's reaction function

New fed chair kevin warsh says submitting a dot for myself would not be helpful in conduct of policy; will come up with some new and interesting things, expect more to come, some of those might be worthy of a press conference; commitment to deliver 2% inflation is strong, unanimous, unambiguous; most of the data central banks consume come with old-fashioned surveys; would be open minded if fed data task force had recommendations on how to improve official statistics

New fed chair kevin warsh says fed policy appears to be restrictive vis-a-vis housing market, but not financial markets; asked about future of dot plot, says we've got a task for that; noted that dot plot submissions came in with pencils, that have big erasers; policymakers don't feel bound by their dots; did not hear tons of conviction on projection submissions; expect by year end there will a broad review of communications - press conferences, dots, meetings

New fed chair kevin warsh says task forces to begin work in next couple of weeks; expect to see some results by fall, conclusion of task forces by year end; inflation framework review task is to focus on drivers of inflation; inflation target will be outside the scope of inflation review; inflation is primarily determined by monetary policy, we've dropped forward guidance; can't give any forward guidance about what will do next

New fed chair kevin warsh says expect to propose changes, including to summary of projections; balance sheet task force will review benefits and risks of ample reserves regime; data task force will consider new data sources, methodological changes; task force on productivity and jobs will survey reach of ai and other gen purpose tech; task force on inflation frameworks will examine drivers of inflation; each task force will serve an objective share by all fed policymakers

New fed chair kevin warsh says also absent is forward guidance, not well-suited to current policy state; did not offer projections today; that's consistent with long held views; encouraged others to participate as they have been; appointing task force in five areas on monetary policy; task force on communications, balance sheet, use of data sources, productivity and jobs, and inflation frameworks; task forces will be supported by fed staff; task forces will ultimately propose next steps

Marvell, flex could be days away from massive passive-fund tailwind

New fed chair kevin warsh being press conference; goal is to get monetary policy right; congressional remit of price stability, max employment guided our meeting; economic activity expanding at solid pace; persistently high prices a burden; fomc members are unanimous that will deliver price stability; timely opportunity to review practices, reaffirm mission when leadership changes; today's policy statement was shorter, simpler; statement dispenses with older language

Benzinga market summary: s&p drops after fed maintains rates and projects possible rate hike this year

Major indices are trading lower after the fed left rates unchanged and projected possible rate hikes this year.

Fed holds rates at 3.50%-3.75%: traders brace for chair warsh's first speech

Fed says job gains have kept pace with the workforce, unemployment rate has changed little; productivity growth and capital investment are strong; fed vote in favor of policy was unanimous; committee reaffirmed policy of maintaining ample reserves in banking system, instructs open market desk to increase securities holdings 'when appropriate'

Federal reserve leaves key overnight interest rate unchanged in 3.50-3.75% range, says committee will deliver price stability; says inflation remains elevated relative to 2% goal, in part reflecting supply shocks that have caused price increases in certain sectors, including energy; economic activity is expanding at solid pace despite elevated uncertainty that owes, in part, to middle east conflict

Fed projections imply 25 basis points of rate hikes in 2026, followed by 25 bps of rate cuts in 2027 and another 25 bps of cuts in 2028; pce inflation not expected to return to 2.0% target until 2028, unchanged from march projection; see 4.3% unemployment rate at end of 2026 versus 4.4% in march projections; see end-2026 pce inflation at 3.6% versus 2.7% in march; core seen at 3.3% versus 2.7%; see 2.2% gdp growth in 2026 versus 2.4% in march, see longer-run growth at 2.0% vs 2.0% in march

Fed officials' median view of fed funds rate at end-2026 3.8% (prev 3.4%); median view of fed funds rate at end-2027 3.6% (prev 3.1%); median view of fed funds rate at end-2028 3.4% (prev 3.1%); median view of fed funds rate in longer run 3.1% (prev 3.1 %); only 18 of 19 policymakers submitted projections

Federal reserve issues fomc statement for june 16-17, 2026 (link in body)