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Fed Cuts Rates After Trump Push, Iran Shock Fuels Inflation

6/14/2026

35 3 Full Breakdown

Summary

Story summary

President Donald Trump urged the Federal Reserve (Fed) to cut rates, claiming no reason to raise them.
The Fed cut rates six times from Sep 2024 to Dec 2025, leaving the range at 3.5%-3.75%.
Iran’s Feb. 28 attack cut ~20 million barrels daily, raising inflation to 4.18% in May and prompting the FedWatch Tool to assign a 71.3% chance of a hike by Dec 2026.

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Story summary

President Donald Trump urged the Federal Reserve (Fed) to cut rates, claiming no reason to raise them.
The Fed cut rates six times from Sep 2024 to Dec 2025, leaving the range at 3.5%-3.75%.
Iran’s Feb. 28 attack cut ~20 million barrels daily, raising inflation to 4.18% in May and prompting the FedWatch Tool to assign a 71.3% chance of a hike by Dec 2026.