Inflation in the U.S. in June was significantly lower than expected, with the monthly headline rate falling 0.4% and the core rate coming in at 0.0% (vs. -0.1% and +0.2% expected, respectively), while the annual headline rate was 3.5% and the core rate was 2.6% (vs. 3.8% and 2.8%, respectively). As expected, assets at the...

Trump announced yesterday that the U.S. had reactivated the blockade of the Strait of Hormuz, adding today that they would strike Iran hard today and tomorrow, causing a 10% rise in crude oil prices, with WTI returning to $78 and Brent to $83. In equities, U.S. indices fell, led by the Nasdaq, which dropped 1.55% amid a rise in...

The market continues to bet that this new confrontation between the U.S. and Iran will be limited and short-lived, with risk assets rebounding globally today: major stock indices rose 0.5–1.5%, accompanied by a 2.5% drop in crude oil prices (WTI $72; Brent $76), as well as...

Trump’s back-and-forth with Iraq resumed, with a U.S. attack on Iraqi forces in retaliation for their disruption of shipping traffic through the Strait of Hormuz, while Trump said he “doesn’t expect the war to start again; it will be quick.” Equities fell globally, though they were recovering from...

The Dow Jones Industrial Average Hits a High as Concerns Over Fed Rate Hikes Ease U.S. job growth, which was slower than expected, drove most stocks higher, while short-term bond yields fell amid expectations that the...

Most stocks are rising as Warsh says inflation risks are fading. Signs of economic strength and easing inflationary pressures boosted most U.S. stock markets, and Federal Reserve Chairman Kevin Warsh said...