Millions of iPhones at Risk from DarkSword Spyware Targeting Crypto
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- Fed’s Waller says high oil prices from Middle East tensions could push inflation higher.
- Investors face market uncertainty as energy spikes and tech stocks show uneven movement.
- Bitcoin holds near $70K while crypto market value hits $2.42T amid economic pressures.
US Federal Reserve Governor Christopher Waller warned Friday that escalating Middle East tensions could drive inflation higher, but he sees no immediate need to raise interest rates. The closure of the Strait of Hormuz, following the US-Israel war on Iran, is already sending oil prices soaring, creating broader economic uncertainty. Waller emphasized that sustained high energy costs could ripple through consumer prices.
Since last year, Waller has supported interest rate cuts to boost employment. However, he recently shifted his focus due to inflation risks tied to prolonged geopolitical instability. “S…
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