US Bombs More Iran Targets, Growing Fed Inflation Fears

About this episode

The episode discusses US military actions in Iran, inflation concerns from the Federal Reserve, and Salesforce's revenue outlook.

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) The US struck Iranian military targets for the second time this week and Kuwait said it responded to missile and drone threats, highlighting the fragility of the ceasefire. US forces shot down Iranian drones fired at a commercial ship and hit a launch unit near the Strait of Hormuz, according to a US official, who said the attacks were defensive and the ceasefire remains intact. President Trump asserted that no one nation would control Hormuz, which has emerged as one of the key obstacles in resolving the conflict, and said the strait's going to be open to everybody. 2) Federal Reserve Vice Chair Philip Jefferson said he expects inflation to cool later this year as the effects of tariffs and higher energy costs wear off, though he warned inflationary risks remain tilted to the upside. In the text of a speech he’s scheduled to deliver Thursday morning in Tokyo at a conference hosted by the Bank of Japan, Jefferson said he is watching for signs that higher energy costs stemming from the Iran war are dragging on consumer spending. He also cautioned that he continues to see signs of labor market…

Topics covered

• US military actions
• Iran conflict
• Federal Reserve
• inflation
• Salesforce revenue outlook

Keywords

• US military
• Iran
• inflation
• Federal Reserve
• Salesforce
• Strait of Hormuz
• Philip Jefferson

Mentioned in this episode

Organizations: Federal Reserve, Salesforce, Bank of Japan

Places: Iran, Kuwait, Strait of Hormuz

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