Today on NYSE Live | Edison Electric Institute Rings Bell to Highlight American Energy Innovation

Why It Matters

Persistent services inflation and a new oil shock raise the risk that the Fed will postpone rate cuts, which could keep borrowing costs elevated and restrain economic growth and consumer spending, especially for lower-income households.

Summary

Equities opened slightly lower after the S&P 500 fell 1.4% and the Dow hit a 2026 low, pressured by higher oil prices and Federal Reserve Chair Jerome Powell’s caution that energy-driven inflation could delay interest-rate cuts. Oil spiked above $107, briefly touching $119 after attacks on energy facilities in the Middle East, fueling concerns about supply-driven inflation and consumer pain at the pump. Former Fed Cleveland president Loretta Mester told NYSE Live that core services inflation (ex-housing) remains stubborn, labor supply is constrained by demographics and policy, and the Fed faces a tricky balance between inflation and growth risks. The show also previewed industry news including Edison Electric Institute’s Wall Street briefing and a fintech unicorn’s collaboration with OpenAI.