CNN 5 Things Trump considers Iran strikes, interest rates held, US Steel sold & more
Jun 18, 2025
Tensions rise as President Trump navigates the possibility of military action in Iran, balancing intervention with diplomacy. Meanwhile, the Federal Reserve holds interest rates steady, facing scrutiny amidst economic uncertainties. In a major shift, a historic American company is sold to foreign ownership, stirring discussions on impacts to industry. Additionally, Homeland Security tightens funding, revealing a focus on resource allocation. In royal news, the Princess of Wales steps back from a public engagement, spotlighting her health journey after cancer treatment.
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U.S. Military Posture on Iran
- President Trump declined to confirm military intervention in Iran but suggested Iran faces serious trouble.
- A third U.S. aircraft carrier is expected in Europe, signaling heightened U.S. military readiness near the Middle East.
Fed Holds Interest Rates Steady
- The Federal Reserve held interest rates steady despite President Trump's calls for cuts.
- Economic uncertainty from trade wars and Middle East tensions influenced the Fed's cautious stance.
High Interest Rates Impact Housing
- U.S. home building dropped to a five-year low due to fears of economic stress from high interest rates.
- Rising rates are directly impacting the housing market's construction activity.