Dissent Within the Fed Stock indices fell and yields on medium- and long-term Treasury bonds spiked following the Fed’s meeting and the press conference held by its chairman, Kevin Warsh. Although the Fed kept its rate unchanged at the current range of 3.50%–3.75%, three members voted...

Oil and Yields Are Pushing Prices Higher A new escalation in the conflict between the U.S. and Iran once again drove up crude oil prices: WTI briefly surpassed $92 during the week, returning to the highs seen in early June and reversing much of the gains made following the April ceasefire and the June MoU...

Probability of a Rate Hike Declines Amid Falling Inflation Consumer inflation slowed considerably in June, which contributed to Treasury yields edging back slightly midweek and reduced expectations of a Fed rate hike in 2026. The CPI...

Trump Announces the Return of the Blockade in the Strait of Hormuz President Trump told Fox News today that the U.S. “is going to take control of the Strait” of Hormuz and that “we’re probably going to operate it.” He then declared the U.S. blockade of Iran reactivated and stated that a 20% tariff will be imposed on...

U.S. Treasury yields rebounded following a weaker-than- expected jobs report in June, amid a landscape marked by oil prices stabilizing at pre-Middle East conflict levels and a market recovery at the end of the second quarter...

Oil Prices Fall; Strait of Hormuz Reopens to Traffic. Oil prices fell to their lowest levels in about four months, in line with the easing of tensions in the Middle East. On Friday, U.S. crude was trading at around $69/BBL, down 8% from...