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There could be up to four interest rate hikes this year, markets say, amid fears the Iran war could significantly raise inflation. Read this and today's consumer and personal finance news below.
Real time pushes:
President Trump extends ultimatum to open Strait of Hormuz and says he will hold off striking Iran's power plants for 5 days
Trump announced a five-day pause on U.S. air strikes on Iranian power plants after talks between the two sides over the weekend.
Trump said the U.S. would pause “any and all military strikes against Iranian power plants and energy infrastructure” for five days amid U.S.-Iran talks
Trump made the announcement in a Truth Social post in which he revealed that the U.S. and Iran had been engaged in two days of talks about a “complete and total resolution of our hostilities.”
rump postpones Iran energy site strikes amid 'very good and productive' talks
President Trump says he's postponing his deadline for Iran to reopen the Strait of Hormuz amid negotiations.
2 pilots dead after plane collides with fire truck on LaGuardia runway and more top headlines
Stock futures soared and Brent crude dropped more than 10% after Trump said the U.S. will postpone further strikes on Iranian energy infrastructure
Trump postpones strikes against Iranian power plants after "productive conversations" with Tehran
Trump says U.S. is postponing attacks on Iranian energy facilities for five days following "productive conversations" with Tehran
