Fed Holds Fire, Markets Freeze, and Trump Dials Up the Drama

The Federal Reserve stands still while the rest of the world spins — and possibly burns. On today’s Bullhorn Daily, we break down why US interest rates remain unchanged, what the latest Fed forecasts mean for 2025, and why Jerome Powell’s crystal ball is looking a little cloudy.Meanwhile, markets are flinching at every word out of Donald Trump’s mouth as tensions between Israel and Iran escalate — and the US edges closer to involvement. We look at how global stocks, oil prices, and safe-haven currencies are reacting to the geopolitical heat.Plus: UK inflation stays sticky, the Bank of England’s next move hangs in the balance, and Singapore slashes its growth outlook. We also unpack the biggest movers on the London Stock Exchange — from Rathbones and ME Group to Tullow Oil’s brutal nosedive.As always, we explain what matters, why it matters, and what it means for you — without the jargon. Let’s get into it.📝 Show Notes:US Fed keeps interest rates steady for the fourth straight meetingForecasts now suggest just two rate cuts in 2025, down from earlier expectationsJerome Powell warns of uncertainty from Trump’s tariff proposalsTrump teases possible Iran strike, prompting market jitters and oil price volatilityDow and S&P dip while Nasdaq inches higher as investors stay cautiousUK inflation holds at 3.4% — food prices surge, housing market coolsBank of England likely to hold rates steady at Thursday’s meetingCBI cuts UK growth forecast for 2025 to 1.2%FTSE ends higher, boosted by Rathbones, ME Group, and airlinesTullow Oil crashes after failed merger talks; PZ Cussons and AO World slideEurope’s Stoxx 600 hits lowest level since May 9 amid Middle East tensionsAsia-Pacific markets mixed as Japan rallies, Hong Kong sinksJapan’s exports fall in May, Singapore growth expectations revised downFollow Bullhorn Daily for your fast, fun, and clear-eyed take on global markets, investing, and the financial news that actually matters.