Story perspectives
Fed Withholds Guidance; Inflation Drops, Oil Tops $100
7/27/2026
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Story summary
- Fed Chair Kevin Warsh declined to give forward guidance before the June 2026 meeting, creating uncertainty.
- June CPI showed inflation slowed sharply as lower energy prices followed a brief easing of Iran tensions.
- Brent crude rose above $100 a barrel on Thursday after Middle-East conflict intensified.
- Fed minutes warned AI infrastructure spending could keep tech and electricity prices high while analysts split on a rate hold versus a hike.
