Peace breaks out, the Fed turns hawk.
Markets · Weekly briefing
Peace breaks out, the Fed turns hawk.
A US-Iran peace deal sent oil tumbling into the mid-$70s, easing the inflation fears that had gripped markets all year. But the first Warsh Fed turned hawkish, its dot plot flipping to signal a 2026 hike. Stocks whipsawed and still finished the week higher; the BoE held 7-2, and SpaceX's mega IPO round tripped.
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