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ME optimism on signed MoU deal + FOMC : 'hawkish hold' in just 100 words, no forward guidance no more

  • sc0172
  • 3 hours ago
  • 2 min read
  • Iran 'final update' : The U.S. and Iran have remotely signed their memorandum of understanding to end the war and open the Strait of Hormuz, and the agreement is now in effect, two U.S. officials told Axios, so no Burgenstock ? damn..

  • Markets : Kevin Warsh’s first Fed meeting sees rates hold steady and makes outright promise to deliver price stability—but don’t expect many details on when!, just 100 words statement, forward guidance is over (Alleluya.. ! ), FX super quiet 'USD slightly higher', USDJPY at or near previous 'intervention levels', equity had a mini close lower, higher again overnight, HSI notably struggling through, Crude $75 welcome development for many clearly (where are all those experts calling for $150 or more..)

  • Warsh said “Persistently high prices are a burden for the American people. But the recent past need not be prologue” and “Members of the FOMC are unambiguous and unanimous: this committee will deliver price stability”, he ended the meeting with ''"I can't give you any guidance on what we're going to do next."... deal with it..>>> Underpinning his emphasis on accountability, his delivery was noticeably more open, engaging, concise, and honest.


























 
 
 

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