Fed

Treasury Secretary Scott Bessent and Fed Chair Jerome Powell summoned Goldman Sachs, BofA, Citi, Morgan Stanley, Wells Fargo CEOs over Claude Mythos cybersecurity risks. Security experts called it "Y2K-level alarming." ~$2 trillion tech stock wipeout reported.

Federal Reserve officials divided over monetary policy after Iran ceasefire. Markets see rate-cut odds double, but inflation threatens hikes. Money market rates hit 4.22% —highest in recent memory.