Certain There’s More Uncertainty The Federal Open Market Committee (FOMC) did not change its benchmark interest rate Wednesday — no news there. And if you were hoping for any definitive statement on whether the Iran war changes the expectations for the year, sorry, all we got was a simple statement that it raises uncertainty. The…Read more
This week all eyes will be on the Federal Reserve’s outlook on interest rates. At a Glance Coming into the year, markets were pricing in multiple interest rate cuts. However, the Iranian conflict has sparked a surge in oil and gas prices, as well transportation and fertilizer costs. This could reignite the price pressures the…Read more
The Stakes Get Higher We’re in week two of conflict in the Middle East. Since last week’s column, oil nearly reached $120/bbl on Sunday night as supply disruption concerns collided with low overnight liquidity. It then fell below $90/bbl Monday afternoon after US President Trump said the war could be ending soon. That’s a swing of…Read more
