Stay updated on this week's market dynamics with Wall Street Breakfast. Key topics: Fed rate decision, Israel-Iran tensions, oil prices, & earnings reports.

The race to be the next Fed chair is underway. Days after Trump again criticized Powell and said he would name a successor “very soon,” our colleagues in Washington reported on the possible successors,

At 5:33 a.m. ET, Dow E-minis were down 269 points, or 0.63%, S&P 500 E-minis were down 37.25 points, or 0.62%. Nasdaq 100 E-minis were down 138.5 points, or 0.63%

Don't expect big changes to mortgage rates soon, as the Fed maintains its cautious approach. On Wednesday, the Federal Reserve is expected to extend a pause on interest rate cuts for a fourth consecutive time this year.

The U.S. economy has been full of surprises since the Federal Reserve started rapidly raising interest rates to quell inflation back in 2022. The latest shocker might just be that the Trump administration’s tariffs haven’t pushed up inflation more.