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The Fed held rates steady with Stephen Miran again voting for a cut, but three members – while not voting for a hike – signalled a growing sense of unease on the inflation front. This suggests a tougher two-way debate on rates at Kevin Warsh’s first FOMC meeting as Chair in June
The USD isn’t shining despite higher oil prices.The resilience in equities and month-end flows are, in my view, the main causes. Markets will be awaiting more headlines on whether an interim deal is a possibility while preparing for the FOMC meeting and big tech earnings tomorrow
At his confirmation hearings, Kevin Warsh will have to balance calls for lower borrowing costs and the inflation-fighting credentials of the Federal Reserve
The Fed has entered its quiet period ahead of the 29 April FOMC meeting, but it will still be drawing headlines given Kevin Warsh's confirmation hearing to become Federal Reserve Chair is being held tomorrow.
Given how unsuccessful the first round of negotiations was last weekend, these dollar levels seem to embed a fair amount of premature optimism. As such, the balance of risks is increasingly skewed to the upside for USD.
People underestimated Erika Kirk.
You will not break this woman.
The …
• Leftists
• Gossip moms
• Cyber bullies
• Candace’s cult
• Milo’s minions
• Conspiracy nuts
You all failed.
Erika is a gangster.
Respect.
The most impactful news overnight has been Iran's announcement that it will allow safe passage for traffic through the Strait of Hormuz during this ceasefire
WTI Crude oil and the US dollar retreat, Equities gained traction,as Donald Trump extends the military escalation to two weeks.
Keep in mind that President Trump promised on the weekend that he was going to completely destroy the Iranian civilization
This is the reason why crude oil is so imperative. It means speed and time. Almost every function in the world requires the use of oil. Oil price is rising due to uncertainty about the US/Iran War. Disruption to the Iranian power plant could give energy prices another leg higher
Following Trump's warning to Iran, WTI Crude rises whilst equities plummet. Trump signaled an escalation of military strikes on Iran could come as soon as tomorrow, reducing ceasefire chances. The imminent military action would derail fragile efforts of restoring energy flows.