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WSJ Minute Briefing

U.S. Stocks Close Mixed as Fed Holds Interest Rates Steady

WSJ Minute Briefing

The Wall Street Journal

Business News, News

4.1671 Ratings

🗓️ 18 June 2025

⏱️ 2 minutes

🧾️ Download transcript

Summary

President Trump criticized Fed Chair Jerome Powell and renewed calls for an interest-rate cut. Plus: Toy maker Hasbro laid off 3% of its workforce. La-Z-Boy reported mixed quarterly results. And, shares in the stablecoin issuer Circle rallied after the Senate passed the Genius Act. Charlotte Gartenberg hosts. Sign up for the WSJ's free What's News newsletter.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:23.1

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0:28.8

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0:33.2

Here's your closing bell brief for Wednesday, June 18th. I'm Charlotte Gartenberg for the Wall Street Journal.

0:39.6

U.S. stocks ended mixed, as the Federal Reserve holds rate steady and rising tensions in the Middle East, fuel concerns of disruption in the world's petroleum shipping.

0:49.4

The Dow Jones Industrial Average lost 44 points to close at 42,172. The S&P 500 was down almost two points,

0:58.7

and the NASDAQ was up 25 points. President Trump criticized Fed Chair Jerome Powell and renewed calls

1:06.3

for an interest rate cut. Powell says the Fed remains well positioned to respond to any need for

1:12.0

interest rate changes and that the labor market is in balance and not the source of inflationary

1:17.5

pressure. Policymakers expect to cut rates twice in 2025 and, according to the Fed's economic

1:24.1

projections, forecast that inflation will rise above 3% by one measure in the coming year.

1:30.6

Turning to individual stocks, Toymaker Hasbro laid off 3% of its workforce as part of a multi-year

1:37.0

restructuring. Hasbro's stocks close the day up by a little over half a percent.

1:42.3

Shares in the stable coin issuer circle rallied after the Senate passed the Genius Act,

1:47.0

a bill to regulate the cryptocurrency.

1:50.0

The recently listed company has called for guidelines to legitimize the industry.

1:54.0

Circle ended the day up, about 34%.

...

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