Key Facts
• The Federal Reserve kept interest rates unchanged, predicting two rate cuts in 2025.
• Economic uncertainty remains high but has slightly diminished, per Fed Chair Powell.
• Trump criticized Iran for missing a nuclear deal opportunity, while talks remain uncertain.
• Nippon Steel completed a $14.1 billion acquisition of U.S. Steel, forming the world’s second-largest steelmaker.
• The IAEA cannot confirm the location of Iran’s 409 kg of enriched uranium.
• OpenAI plans to end its collaboration with Scale AI after Meta’s significant investment.
• Google may sever ties with Scale AI due to concerns over Meta’s competitive advantage.
Summary
The Federal Reserve maintained interest rates, projecting two cuts in 2025 amid reduced economic uncertainty. Trump accused Iran of missing a nuclear deal opportunity, while tensions over Israel’s military actions persist. Nippon Steel finalized its $14.1 billion acquisition of U.S. Steel, creating the world’s second-largest steelmaker and securing a key U.S. base. The IAEA reported it cannot locate Iran’s enriched uranium stockpile due to ongoing conflicts. OpenAI is ending its partnership with Scale AI following Meta’s major investment, raising concerns about competitive intelligence. Google is also considering cutting ties with Scale AI.
