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FedIMPORTANT

Fed Chair Powell (Q&A) says part of the oil shock is in the forecast for higher inflation, but also, Fed has not seen the hoped for progress on lowering prices

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Says it is a reflection of slow progress on tariffs Believes will see progress on tariff inflation, but it may take more time

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Geopolitics

The draft agreed to by Iranian and Omani negotiators awaits final approval from Iran’s supreme leader, two regional officials told The Associated Press on Wednesday

Geopolitics

US Treasury official says the latest removal of sanctions on Iran is not indicative of any shift in US policy toward the Government of Iran, Fox's Heinrich reports

Fed

Fed's Kashkari (2026 voter, Hawkish dissenter) says now is the time to start slowly moving up rates, but not calling for dramatic rate hikes