Today: Trump touts Iran deal at G7 summit, and the Fed holds rates steady

Today as it Happened on Wednesday, June 17, 2026: President Donald Trump and Iranian President Masoud Pezeshkian have both signed a ceasefire agreement between the United States and Iran, the White House said Wednesday. Details of the agreement trickled out as Trump attended the G7 summit in France. President Trump signed the deal while in Versailles. A White House official later confirmed that Pezeshkian had also signed the agreement. Vice President JD Vance and Iranian Parliament Speaker Mohammad Bagher Ghalibaf signed the deal on Sunday, The White House said. A ceremony was scheduled for Friday in Zurich, Switzerland, which representatives from both countries were expected to attend. Meanwhile the stipulations of the agreement take "immediate effect," Pakistan's premier Shehbaz Sharif said. The Federal Reserve kept interest rates unchanged Wednesday but signaled they may support an increase in rates later in 2026, if needed to combat persistent inflation. The stance is a notable change from the Fed's last quarterly meeting, where none of the bank's policymakers signaled the need for rate increases. Now, at the halfway point of the year, nine members may call for a rate hike sometime in 2026 and six members suggest two or more may be needed. The meeting was the first for Kevin Warsh, the newly appointed chair of the agency. And Luigi Mangione will assert a psychiatric defense at his state murder trial in the killing of UnitedHealthcare CEO Brian Thompson, a judge said Wednesday. Judge Gregory Carro said Mangione's lawyers have informed him they will attempt to show that he was suffering from “extreme emotional disturbance at the time of the occurrence.” ------------------------------------- Follow Scripps News on other platforms— Join our newsletter at https://bit.ly/2q1tepr Follow us on Facebook: https://www.facebook.com/scrippsnews/ Follow us on X: https://x.com/scrippsnews Follow us on Instagram: https://www.instagram.com/scrippsnews/ Follow us on TikTok: https://www.tiktok.com/@scrippsnews