Why the Fed’s Job Is Getting Harder
What’s in Today’s Report:
- Why the Fed’s Job Is Getting Harder
Futures are modestly lower despite an extension of the ceasefire negotiations between the U.S. and Iran.
President Trump announced a 10-day extension of pause on attacks on Iran’s infrastructure as talks are going “well.”
Despite positive rhetoric, the U.S. continued to mass troops in the region, keeping escalation fears elevated.
Today focus will remain on geo-politics but in order for markets to sustainably rally, we’ll need to see some sort of confirmation of ceasefire progress from Iran, as the actions of the U.S. military (increased troops in the region) are offsetting the President’s positive comments.
Outside of geo-politics, we also get Consumer Sentiment (E: 54.3) and three Fed speakers, Barkin (11:00 a.m. ET), Daly (11:30 a.m. ET) and Paulson (11:35 a.m. ET), but they shouldn’t move markets.