WATCH FED POLICY

“Diplomats from both sides have left Cairo without reaching a definitive agreement.”

“The latest data suggests that inflation is staying higher for longer than anticipated.”

“Favorable wind conditions are finally helping our ground crews gain the upper hand.”

“There is a clear and urgent need for better safety oversight in manufacturing.”

“This is a historic moment as we implement the first comprehensive AI laws.”

“US and Israeli forces have rescued a US. Air Force officer nearly two days after his plane was shot down in a mountainous region of Iran. President Trump celebrated the news and also issued a new threat. NPR's Marlaiasson reports. Trump said the rescued officer sustained injuries, but quote, he will be just fine. This was the first time Iran has shot down a US fighter jet since the war started.”

“President Trump also issued a profane threat to Iran on Easter Sunday morning. He said starting Tuesday, the US will bomb power plants and bridges if Iran doesn't open the Strait of Hormuz. The president has issued a series of contradictory statements on the Strait, saying that it would open naturally when the war ends, or that European countries should open the Strait themselves.”

“Israel is now focusing on targeting Iran's steel and petrochemical industries, which are important for Iran's economy and military. Prime Minister Netanyahu said in a video statement that Israel's military strikes in Iran have destroyed the majority of Iran's capabilities to manufacture steel. And Saturday, Israel said it bombed a petrochemical complex needed for manufacturing missiles.”

“Gasoline prices have jumped sharply since the US and Israel launched their war against Iran. That's expected to push the annual inflation rate back above 3 percent when the price index for March is released on Friday. Core inflation, which strips out volatile energy and food prices, is also expected to be higher in March than it was in February.”

“The Federal Reserve says President Trump's tariffs have contributed to upward pressure on the price of imported goods. Stubborn inflation is making the central bank cautious about cutting interest rates. The Fed's likely to feel less pressure to lower borrowing costs after Friday's jobs report. It showed US employers added 178,000 jobs in March as the unemployment rate dipped to 4.3%.”