Business News Update — June 01, 2026 6 PM Eastern

Clockwise Business News — Federal Reserve officials stated today that current interest rates will likely be maintained through the summer, citing a recent moderation in inflation pressures. This is Clockwise business news, 6 PM Eastern. This decision, widely anticipated by market analysts, aims to ensure continued economic stability without further stifling fragile growth. Policymakers are balancing inflation control with employment goals. Meanwhile, oil prices jumped approximately 3% today, driven by escalating tensions between the U.