2025-06-25
13 分钟The ceasefire between Iran and Israel appears to hold after President Trump scolds the two nations.
Plus, Fed Chair Jerome Powell reaffirms his wait-and-see posture on rate cuts.
He leaned against the idea that the Fed would cut interest rates at their next meeting at the end of July,
but he kept the door open to cutting rates after that.
And why a stablecoin may turn into your next credit card.
It's Tuesday, June 24th.
I'm Alex Osela for The Wall Street Journal.
This is the PM edition of What's News, the top headlines and business stories that move the world.
today.
President Trump responded with anger when there was continued fire between Israel and Iran after a U.S. brokered ceasefire went into effect.
You know what?
We basically have two countries that have been fighting so long and so hard that they don't know what the fuck they're doing.
Do you understand that?
But in subsequent hours, there were initial signs that the ceasefire might be holding.
Israel said it was lifting nearly all wartime restrictions on civilian movement and economic activity,
and the Israeli airport authority said Ben Gurion and Haifa airports are returning to full activity.
Israel said it had achieved its war aims,
having removed a dual existential threat from Iran's nuclear and ballistic missile programs.
Iran's foreign minister had said his country would stop its attacks as long as Israel did.
Federal Reserve Chair Jerome Powell was in front of Congress today for regularly scheduled testimony on monetary policy.