Fed's Williams: Inflation Still Too High, More Tightening Needed
New York Fed President John Williams said inflation remains too high and the Fed needs to tighten further, supporting expectations for a December rate hike.
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Iran deal hopes send U.S. stocks to new records, oil lower
Al Arabiya reports progress on Iran nuclear deal, sending S&P 500 to a record and oil prices down.
09/11/2026 20:113 min read
According to Al Arabiya:
- An agreement could lead to the immediate reopening of the Strait of Hormuz.
- The course of serious negotiations between Washington and Tehran has been altered by a Qatari-Pakistani proposal.
- Preparations are being made to discuss the return of IAEA inspectors to Iran.
- The US has consented to uranium enrichment in Iran at a level of 3.67%, a condition Tehran has also accepted.
- Talks are proceeding about the involvement of a third state, likely Russia, to help reduce Iran's highly enriched uranium inventory.
- An initial deal to reduce Iran's uranium enrichment is considered likely.
The S&P 500 climbed 2.7% to 7573, marking the session's high point. Oil prices slid on the news as well.
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