Global Markets Fall as Oil Jumps Ahead of Fed Decision

Global stocks fell Wednesday as oil prices rose after a strike in Iran. High U.S. inflation data also pressured markets ahead of the Federal Reserve decision.

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Global equity markets retreated on Wednesday as a sharp rise in crude prices and hotter-than-expected inflation data from the United States dampened investor confidence ahead of the Federal Reserve's latest policy announcement. The shift in market sentiment followed a period of relative stability, now disrupted by escalating geopolitical tensions and persistent price pressures.

The exterior of the Federal Reserve Board building located in Washington, D.C., as seen in September 2025. REUTERS/Ken Cedeno/File Photo
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