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S&P Oil FX Gold Silver 10Y
Cleveland Fed MONTHLY Headline Inflation Nowcast Is 0.76% or annualized rate of 9.51% Gold prices fell nearly 2% on Thursday, trading around $4,460 per ounce and nearing their lowest level since early January, as escalating US-Iran tensions pushed crude prices higher, reigniting inflation concerns and prompting investors to abandon hopes for US interest rate cuts this year. Iran reiterated its denial of ongoing negotiations with Washington, while President Donald Trump stated that Iran is "begging" to make a deal, though he questioned whether the US is "willing" to strike one now. The uncertainty drove the US dollar and Treasury yields higher, with markets now assigning a 38% probability of a rate hike by December and a 93% chance of unchanged rates at the Federal Reserve’s April meeting. Just 3% of traders expect a rate cut in December, a sharp reversal from pre-conflict expectations of at least two cuts in 2026.
Retired General Mike Flynn reaches $1.25M settlement with feds over Russia collusion pursuit | JTN
Debt Rattle
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