{"id":64781,"date":"2026-07-14T12:38:27","date_gmt":"2026-07-14T16:38:27","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/fed-chair-warsh-vows-to-unstick-prices-as-inflation-cools-uber-in-advanced-talks-for-delivery-hero\/64781\/"},"modified":"2026-07-14T12:38:27","modified_gmt":"2026-07-14T16:38:27","slug":"fed-chair-warsh-vows-to-unstick-prices-as-inflation-cools-uber-in-advanced-talks-for-delivery-hero","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/fed-chair-warsh-vows-to-unstick-prices-as-inflation-cools-uber-in-advanced-talks-for-delivery-hero\/64781\/","title":{"rendered":"Fed Chair Warsh Vows to &#8220;Unstick&#8221; Prices as Inflation Cools; Uber in Advanced Talks for Delivery Hero"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>U.S. inflation cooled significantly in June<\/strong>, with the Consumer Price Index (CPI) falling <strong>0.4% month-over-month<\/strong>, the largest decline in four years, bringing the annual rate down to <strong>3.5%<\/strong>.<\/li>\n<li><strong>Federal Reserve Chair Kevin Warsh<\/strong> signaled a &quot;no tolerance&quot; policy for high inflation during his first Congressional testimony, vowing to &quot;unstick&quot; sticky prices while monitoring the disruptive impact of <strong>AI on the labor market<\/strong>.<\/li>\n<li><strong>Uber Technologies (<a href=\"\/stock\/UBER\">UBER<\/a>)<\/strong> is in advanced negotiations to acquire German rival <strong>Delivery Hero (<a href=\"\/stock\/DLVHF\">DLVHF<\/a>)<\/strong> in a deal that could be valued at approximately <strong>\u20ac10 billion ($11.6 billion)<\/strong>.<\/li>\n<li><strong>President Donald Trump<\/strong> reversed plans for a <strong>20% toll in the Strait of Hormuz<\/strong>, opting instead for &quot;massive&quot; investment deals with Gulf nations as U.S. strikes continue against Iranian targets.<\/li>\n<li><strong>U.S. military forces are scheduled to exit Iraq by September 30<\/strong>, as the administration pivots toward a corporate-led partnership focused on Iraq&#39;s energy sector and oil production.<\/li>\n<\/ul>\n<h2>Fed Chair Warsh Confronts &quot;Sticky&quot; Prices Amid Cooling Data<\/h2>\n<p>Federal Reserve Chairman <strong>Kevin Warsh<\/strong> addressed Congress on Tuesday, emphasizing that while recent data shows a welcome decline in headline inflation, the central bank&#39;s mission is not yet accomplished. Warsh stated that his primary objective is to ensure that temporary price changes do not broaden into long-term inflation, specifically targeting &quot;<strong>sticky prices<\/strong>&quot; that have remained resistant to previous rate hikes.<\/p>\n<p>Warsh also highlighted the dual nature of <strong>Artificial Intelligence (AI)<\/strong>, noting it may be &quot;disruptive for jobs in the near-term&quot; but will ultimately create new opportunities. He described AI infrastructure spending as the &quot;most striking feature&quot; of the current economy, though he warned that spiking demand for semiconductors is currently driving up costs for consumer electronics.<\/p>\n<h2>Uber Moves to Consolidate Global Delivery Market<\/h2>\n<p><strong>Uber Technologies (<a href=\"\/stock\/UBER\">UBER<\/a>)<\/strong> is reportedly nearing a definitive agreement to acquire <strong>Delivery Hero (<a href=\"\/stock\/DLVHF\">DLVHF<\/a>)<\/strong>, a move that would significantly consolidate the global food delivery landscape. The deal, which could be announced as early as this week, follows months of Uber building a stake in the Berlin-based company, which now stands at nearly <strong>37%<\/strong>.<\/p>\n<p>Shares of <strong>Delivery Hero<\/strong> surged over <strong>5%<\/strong> in Frankfurt following the confirmation of advanced talks, while Uber&#39;s stock saw a slight decline of <strong>3%<\/strong>. Analysts suggest the acquisition is a strategic move to counter the international expansion of <strong>DoorDash (<a href=\"\/stock\/DASH\">DASH<\/a>)<\/strong>, though the deal is expected to face rigorous antitrust scrutiny in Europe and the Middle East.<\/p>\n<h2>Trump Reverses Hormuz Fee in Favor of Gulf Investment<\/h2>\n<p>In a significant policy shift, <strong>President Donald Trump<\/strong> announced he would scrap a proposed <strong>20% &quot;reimbursement fee&quot;<\/strong> for cargo transiting the <strong>Strait of Hormuz<\/strong>. Following &quot;highly productive&quot; talks with Middle Eastern leaders, the administration will instead pursue trade and investment deals with Gulf states, which Trump characterized as &quot;MASSIVE&quot; and more beneficial than a transit fee.<\/p>\n<p>The announcement came as <strong><a href=\"https:\/\/stockmarketwatch.com\/energy\/crude-oil\" data-internallinksmanager029f6b8e52c=\"12\" title=\"Crude oil\">oil prices<\/a><\/strong> pared earlier gains, despite reports of fresh explosions in <strong>Andimeshk<\/strong> and <strong>Qeshm Island<\/strong> within Iran. The U.S. continues to maintain a blockade on Iranian shipping while keeping the strait open for other international traffic, a move intended to pressure Tehran without further escalating global energy costs.<\/p>\n<h2>U.S.-Iraq Pivot: Military Exit, Oil Partnership Entry<\/h2>\n<p>During an Oval Office meeting with Iraqi Prime Minister <strong>Ali al-Zaidi<\/strong>, President Trump confirmed that <strong>U.S. military forces will leave Iraq by September 30, 2026<\/strong>. The transition marks a structural pivot from a military alliance to an economic partnership, with Trump noting that &quot;oil companies are all going in now&quot; to form new partnerships with the Iraqi government.<\/p>\n<p>Prime Minister al-Zaidi emphasized Iraq&#39;s need for a &quot;fair share&quot; of <strong>OPEC production<\/strong>, as the country aims to increase its capacity to <strong>7 million barrels per day<\/strong> by 2030. The meeting solidified plans for American firms, including <strong>Chevron (<a href=\"\/stock\/CVX\">CVX<\/a>)<\/strong>, to expand operations in Basra and other key energy fields, potentially positioning Iraq to operate outside traditional OPEC constraints.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways U.S. inflation cooled significantly in June, with the Consumer Price Index (CPI) falling 0.4% month-over-month, the largest decline 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