Reports filtering in that Iran launched missiles at US Navy ships NASDAQ and S&P closed lower.
No record close today Fed’s Williams: There’s a lot of uncertainty in the economy right now Trump: Agreed to give Von Der Leyen until July 4 to fulfill trade agreement Mexico central bank cuts rates but signals caution ahead US crude oil futures settle at $94.81 More from Fed’s Hammack: I need to keep an open mind about the next policy move ECB Schnabel: Some damage from Iran War will be hard to reverse WSJ: Saudi Arabia and Kuwait lift restrictions on US military use of bases
Fed’ Daly: Committed to bringing inflation back to Fed’s 2% target Crude oil moving off of low levels and back toward the next target at the $95 area Iran can outlast Trump’s Hormuz blockade for months NY Fed Survey of consumer expectations:1Y inflation higher @ 3.6% vs 3.4%. 5Y steady at 3% Fed’s Hammack: I see a lot of uncertainty in economic outlook US construction spending for March 0.6% versus 0.2% estimate Geopolitical Tensions Push Oil Trading Higher in Q1, easyMarkets Reports US productivity preliminary for Q1 0.8% versus 1.0% estimate. US initial jobless claims 200K vs 205K estimate investingLive European markets wrap: Dollar, oil prices drop further on US-Iran hope The U.S. dollar moved higher helped who is tired home how are you for against the major currencies today. The greenback strengthened against the Euro (+0.14%), British pound (+0.26%), Australian dollar (+0.33%), New Zealand dollar (+0.24%) Japanese yen (+0.32%), Swiss franc (+0.19%), and Canadian dollar (+0.17%), With those currencies gaining on the day.
The US Dollar Index (DXY) edged up 0.17% to 98.193, reflecting a modest overall gain for the dollar on the day, though the moves were relatively contained across the board with no outsized swings in any single pair. After riding a wave of optimism tied to U.S.-Iran peace deal hopes that drove all three major indices to record closes on Wednesday, Wall Street gave back some of…