JPM's Kelly Says Fed Has to Wait on Rates Until It Knows 'What the Tariff Story Is'

The State Department is preparing to order the departure of all nonessential personnel from the U.S. Embassy in Baghdad due to the potential for regional unrest, two U.S. officials said Wednesday. The Baghdad embassy has already been on limited staffing, and the order will not affect a large number of personnel. The department, however, also is authorizing the departure of nonessential personnel and family members from Bahrain and Kuwait. That gives them an option on whether to leave the country. The Pentagon is standing by to support a potential evacuation of U.S. personnel from U.S. Embassy Baghdad, another U.S. official said. The officials spoke on the condition of anonymity to detail plans that had not been made public. BREAKING: State Department official tells me: "Based on our latest (security) analysis, we decided to reduce the footprint of our Mission in Iraq"

US Treasury Secretary Bessent: There is possible tariff relief for countries negotiating fairly.