Fragile Truce Between Iran & Israel, Powell’s Upcoming Testimony and Another Sign of Slow Improvement in German Business Sentiment
In a triumph of geopolitics over economics, financial markets rallied initially overnight on news of the ceasefire agreement between Iran and Israel, but that momentum paused on doubts the truce will hold. Fed Chairman Powell’s semiannual Monetary Policy Report to congress (formerly known as the Humphrey-Hawkins testimony) kicks off at 10:00 EDT today before the […]
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