Bloomberg Daybreak: Europe Edition US Preps Possible Iran Strike, Fed Outlook Fears, Non-Dom 'Mistake'
Jun 19, 2025
Tensions between the US and Iran are escalating, with talk of a possible military strike on the horizon. The Federal Reserve is pondering interest rate cuts, but divisions among officials are stirring concerns. The Bank of England aims to maintain rates while navigating inflation and a slowing economy. London's stock market is trying to attract Chinese firms amid a shrinking equity landscape. Meanwhile, luxury home listings hit a record high as wealthy buyers flee rising taxes.
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US Prepares Possible Iran Strike
- The US is preparing for a potential strike on Iran to target nuclear sites requiring bunker buster munitions.
- Such a strike would require US capabilities due to the deep underground nature of these targets.
Fed Officials Split on Rate Cuts
- The Fed projects diverging views on interest rates with some members seeing no cuts and others expecting two in 2025.
- Inflation is expected to rise while economic growth forecasts were downgraded amidst tariff and market uncertainties.
Wealthy Leave UK Over Tax Hikes
- London sees a record rise in high-end property listings as wealthy foreigners depart because of tax hikes.
- The rapid inheritance tax increase caused a sudden exit trend among Britain's wealthiest non-dom residents.