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Fortune
Fortune
Jim Edwards

Trump's decision on whether to bomb Iran could have knock-on effects for his fight against the Fed

Left: President Donald Trump. Right: FOMC chairman Jerome Powell. (Credit: From left: Andrew Harnik—Getty Images; Yasin Ozturk—Anadolu/Getty Images)
  • With the Fed’s interest rate decision out of the way and a national holiday for the U.S. stock markets, investors are turning their attention to whether President Trump will bomb Iran. Stocks were largely down in Asia and Europe this morning, following a decline in the S&P 500 yesterday.

The human cost of global conflict is unbearable for the victims, of course, and it comes with an economic cost too, which analysts are trying to estimate right now.

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