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Market Wobbles Amid Geopolitics and Fed Watch | US News
Wall Street braced for a shaky start as Middle East tensions between the U.S. and Iran rattled investor nerves, dragging down futures across major indexes. Despite rumors of technical talks in Doha, Iran’s refusal to meet U.S. envoys dashed hopes of progress, keeping energy markets jittery. Meanwhile, the Fed’s looming rate hike fears — with traders betting on at least one more hike this year — and new Chair Kevin Warsh’s potential communication overhaul added to the uncertainty. Upcoming economic data, including manufacturing and the big June jobs report, will offer critical clues. On the…
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