US dollar faces 7th loss amid Iran talks, cooler PPI

The buzz about peace talks didn't just hit the dollar. Oil prices took a dive too, with US crude dropping over 7% to $92 per barrel.
Meanwhile, weaker-than-expected inflation data suggests price pressures might be cooling off.
Chicago Federal Reserve President Austan Goolsbee says future interest rate cuts could wait until 2027 if oil prices stay high, showing how global events can ripple through everything from gas pumps to your bank account.