Let's bring in University of Michigan economic professor Justin Wolfers Good to see you as always. What do you make of the Fed decision to keep interest rates steady. Well, it's pretty much what everyone expected.The Fed was very careful in what it said. And I think the real news actually was in the press conference. Jay Powell sounded what you would call hawkish.Hawkish means particularly worried about inflation and the likelihood of further rate cuts. It became a little bit less likely that we'll see too ...

Just in tonight, oil futures spiking again to more than $100 a barrel. Brian Chong is monitoring all of it. And Brian, this could affect way more than just gas prices, right.>> Yeah, that is right. The gas prices rose to over $3.70% today. That's up over 70 from before the war began.And analysts tell me that prices are likely to touch four bucks a gallon this week as energy secretary Chris Wright said today Americans will feel it for a few more weeks. Now, rising jet fuel costs could also be weighing on air ...

According to Bloomberg, an oil-linked perpetual contract (CL-USDC) on the crypto derivatives exchange Hyperliquid recorded more than $1.2 billion in trading volume over the past 24 hours, surpassing ETH to become the platform’s second-most traded market after BTC. The surge came as oil futures on traditional exchanges jumped more than 30% amid escalating tensions in the Middle East. The contract is a perpetual derivative margined and settled in USDC, with open interest reaching about $183 million.https://t. ...

U.S. stock futures are pointing higher and oil futures are dropping after President Donald Trump announces an Israel-Iran ceasefire, while Fed Chief Jerome Powell is set to testify before Congress. Here's what investors need to know today. https://t.co/smJPB8yqVd ...