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Higher oil prices resulting from the U.S.-Israeli war in Iran are dashing hopes for any interest-rate cut by the Federal Reserve this year and even leading to growing chances of a rate hike.
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Over 4,000 told to evacuate flooding in Hawaii as officials warn 120-year-old dam could fail NPRFlooding, damage reported across Oahu as heavy rain overwhelms already-saturated ground Hawaii News Now120-Year-Old Dam in Hawaii at Risk of ‘Imminent Failure' as Thousands Ordered to Evacuate People.comThousands ordered to evacuate as Hawaii hit by severe flash floods The Guardian
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This spring's housing market is on, but economic headwinds are pushing back most of the advantage that buyers have gained over the past year in affordability.
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Mortgage Rates Move Back Above 6.5% Mortgage News DailyThe spring housing market is on, but mortgage rates just shot higher. Here's what to know. CNBCUS fixed 30-year mortgage rate hits three-month high amid Iran war ReutersMortgage rates jump further above 6% as Fed warns on inflation: Mort
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Small caps are especially sensitive to changes in oil prices and a slowdown in the economic cycle.
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Live Updates: Trump calls NATO allies "cowards" amid Iran war as more Marines and warships head toward Middle East CBS NewsLive updates: Oil rises to $110 as Israel strikes Iran during Persian new year CNN‘Cowards': Trump slams NATO over lack of support in US-Israel war on Iran Al JazeeraSeven U.S. a
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Christopher J. Waller, a Federal Reserve governor, said he would support rate cuts later this year if the labor market continued to weaken.
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Global benchmark oil prices were pulling back from their highest level in nearly four years on Thursday afternoon after President Trump said he wouldn't send troops to the Middle East, helping to ease energy-market concerns about the Iran conflict.
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Most officials at the U.S. central bank still expect at least one quarter-point cut to interest rates this year.
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