A Hawkish Fed Signals Higher Interest Rates Ahead
6/17/202611 min
P.M. Edition for June 17. In Kevin Warsh’s first meeting as Fed chairman, officials unanimously held rates steady, though their projections showed that a rate hike is now more likely than a cut. WSJ economics reporter Matt Grossman discusses what we can glean about how the central bank is changing under Warsh’s leadership. Plus, in an exclusive interview with the Wall Street Journal, Apple CEO Tim Cook says that price increases for Apple products are “unavoidable.” We hear from reporter Rolfe Winkler about how much the next iPhone might cost. And what’s in the deal to end the war between the U.S. and Iran? Journal reporter Laurence Norman walks us through it. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
Clips
Transcript preview
First 90 secondsSpeaker 10:00
Searching for a home? The Real Commute tool from Realtor.com lets you find homes right where you need to be. Find a home 10 minutes from work, 15 from school, and 20 from grandma's. With over half a million new listings every month, you're just minutes from finding your perfect home on Realtor.com. Trust the number one site real estate professionals trust. Search now on Realtor.com. Based on average new for sale and rental listings July 2024 through June 2025. Number one trusted based on August 2025 proprietary survey among real estate professionals.
Alex Ossola· Host0:29
[upbeat music] The Fed holds rates steady, but officials' hawkish tone sends stocks sliding. Plus, Tim Cook tells the Journal that price increases on Apple products are, quote, "unavoidable," and US officials spell out the terms of the Iran peace deal.
Laurence Norman0:47
Iran is walking away basically being paid to reopen the Strait of Hormuz with no significant hard commitments that it will make on the nuclear program and ballistic missiles.
Alex Ossola· Host1:00
It's Wednesday, June 17th. I'm Alex Osola for the Wall Street Journal. This is the PM edition of What's News, the top headlines and business stories that moved the world today. [upbeat music] The Federal Reserve today held its benchmark rate steady between three and a half and three and three quarters percent, as was widely expected. Officials were unanimous in that decision, but they hinted more strongly that their next move will be a rate hike.