US Stocks Gain as Fed’s Waller Offers Hope on July Rate Cut

Published on June 20, 2025

US stocks rose on Friday as investors returned from the Juneteenth holiday break to evaluate recent comments from a top Federal Reserve official as well as the latest developments in the conflict between Israel and Iran.

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Why Cutting Federal Spending to Pre-Pandemic Levels Is So Hard

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Given that the bill’s failure to reduce the deficit is due in part to its extension and expansion of the special tax treatment for non-corporate businesses that Johnson insisted on in 2017, which will cost an estimated $820 billion over the next decade, the senator does not make for the most credible of deficit hawks.

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