Bloomberg News Now June 18, 2025: US Officials Prepare Possible Strike on Iran, Fed Holds, More
Jun 19, 2025
Tensions are escalating over potential U.S. military action against Iran. The Federal Reserve is opting to hold interest rates steady amid economic uncertainties. Corporate shifts, including job cuts at Microsoft, are also a hot topic. Additionally, a case study reveals how tech challenges can hinder a retailer's productivity, highlighting the importance of adopting digital solutions for better efficiency.
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Possible US Strike on Iran
- US officials are preparing for a possible strike on Iran, with plans possibly set for the weekend.
- The situation is evolving, and President Trump remains non-committal about joining Israel's offensive.
Support for Israel and Iran Nuclear Program End
- Senator Lindsey Graham expresses confidence in Israel's control of the skies and prospects for ending Iran's nuclear program.
- He suggests that US assistance is crucial for Israel to target key facilities.
Fed Stance on Interest Rates
- The Federal Reserve kept interest rates steady but expects two rate cuts this year.
- Economic growth forecasts lowered, while unemployment and inflation projections were raised.