🔴 Fed holds rates at 3.5–3.75% for the 3rd straight meeting
Inflation stuck above 3%, Iran war pushing oil prices higher
⚠️ Powell’s last meeting Trump’s pick Warsh takes over next
Risk assets under pressure.
No rate relief in sight.
🔴 BREAKING:
President Trump just announced a massive tax cut package, claiming it will be the largest in U.S. history.
Expected to roll out next month.
American families could keep an extra $11,000 – $20,000 per year.
If passed, the economic impact could be immediate. 💸
🔴 Iran is turning to strange and expensive methods to avoid shutting oil wells.
Using abandoned storage tanks and shipping crude oil by rail to Chinese cities Yiwu and Xi’an.
These tactics are highly unreliable and very costly.
🔴 Why UAE is leaving OPEC?
Flood the market with oil to push prices lower.
With 4.8M bpd capacity and room to grow, UAE wants to become a major independent decision-maker in global oil far beyond its current 12% influence.
🔴 King Charles III:
“As President Trump himself observed… the bond of kinship and identity between the United Kingdom and the United States is priceless and eternal.
It is irreplaceable and unbreakable.”
🚨 UAE to exit OPEC & OPEC+ effective May 1.
No more production limits → millions of extra barrels expected to flood the market.
Oil price crash incoming? Bearish for energy, potential support for risk assets if crude drops sharply. Thoughts?
Saturday night's assassination attempt of President Trump served as yet another reminder on how important it is to fund the Department of Homeland Security. It’s shameful that Democrats in Congress have kept this vital agency defunded for 74 days – the longest shutdown ever.
Considering using the Defense Production Act to provide $500M loan to the airline, which filed for bankruptcy for the 2nd time in 2 years.
Plan includes government becoming top creditor with warrants for up to 90% ownership.
Thailand has asked China for help to secure the safe passage of 8 Thai ships through the Strait of Hormuz.
China reportedly replied that it is currently struggling to free around 70 of its own vessels in the area.
Tensions in the Strait continue to impact global shipping.
Over $9,000,000,000 (9 Billion) in crypto long positions will be wiped out if Bitcoin falls to $70,000.
A drop to this level could trigger a massive cascade.
Interesting Development on Polymarket:
Users now give Naftali Bennett a slight lead over Prime Minister Benjamin Netanyahu.
Betting markets are shifting, but it’s still very early.
Political turbulence in Israel continues.
🚨 President Donald Trump and First Lady Melania Trump will greet King Charles III at the White House.
📍 4:15 PM ET
📺 Live on Newsmax
Don’t miss this historic moment.
Watch: https://t.co/fGuxJzTP4S