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Fed Tightens, Oil Rises, Markets Edge | US News
Wall Street futures dip as U.S.-Iran tensions spike oil prices, reigniting inflation fears and pressuring the Fed ahead of their next meeting. Fed Chair Kevin Warsh signals a more hawkish stance, hinting at possible rate hikes if inflation doesn’t cool to 2%, rattling traders who had hoped for easing. With mixed economic data, the highly anticipated September jobs report looms large as a key indicator of Fed policy direction. Meanwhile, Middle East turmoil boosts energy stocks, while GameStop plummets after announcing store closures and French sales declines — all adding to market unease as…
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