Markets rally after surprise Middle East ceasefire, but Fed stays cautious

Global markets soared after Israel-Iran ceasefire, while Fed’s Powell remains cautious on tariffs and rate changes.

Published

11 months ago

June 25, 2025

Global markets soared after Israel-Iran ceasefire, while Fed’s Powell remains cautious on tariffs and rate changes.

Global markets surged following a shock ceasefire between Israel and Iran, easing geopolitical fears and sending oil prices plunging over 5%.

But Federal Reserve Chair Jerome Powell says the impact of tariffs still needs time to unfold, as the Fed stays cautious on rate moves.

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