President Trump Weighs Iran Intervention; Fed Meeting Look Ahead

Bloomberg Daybreak: US Edition

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3d ago 16:55

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On today's podcast:

1) President Trump meets his national security team as the Israel-Iran conflict rages on. Iran and Israel exchanged fire for a sixth day, with the US President meeting with his national security team to discuss the escalating conflict. The US is helping Israel intercept missiles launched by Iran, but has not joined the attacks, despite calls from some political allies to do so. The conflict has raised concerns about a wider impact on the global economy, with oil prices rising and fears of a possible attack on tankers sailing through the Strait of Hormuz.

2) Traders watch for projections as the Fed is expected to keep rates on hold. Federal Reserve officials are expected to leave interest rates unchanged for a fourth straight meeting, citing a need for more clarity on the economic impact of government policy changes. Chair Jerome Powell will likely face questions about the recent cooling of inflation and the potential for future rate cuts, as well as his meeting with President Trump and the Fed's ability to pay interest on reserves held at the central bank.

3) A candidate for New York City mayor is arrested in Manhattan. New York City Comptroller Brad Lander was arrested outside of immigration court in lower Manhattan while escorting a defendant out of court. Lander was detained by US Immigration and Customs Enforcement agents and accused of assaulting a law enforcement officer, but was later released and told he wouldn’t face charges.

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