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Fed holds rates steady; Trump and Iran sign peace MOU; JetBlue cuts NYC ops; Intel partners with Apple; NC Senate race heats up

Market News
18 Jun 2026
CNBC
View Source
Bearish
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The Federal Reserve kept interest rates steady at 3.5%-3.75%, with new chairman Kevin Warsh signaling a tougher stance on future hikes. President Trump and Iran signed a 14-point memorandum aiming for peace and reopening the Strait of Hormuz toll-free for 60 days. JetBlue plans to reduce operations in New York to focus on Florida expansion, while Intel shares rose on a new U.S. chip partnership with Apple. In politics, Democrats see North Carolina's Senate race as key to flipping control, despite historical challenges in the state.

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