WS #10072
No material new developments in the last 30 minutes. The US-Iran MoU remains the dominant signal, but no new data points have emerged. The Fed and Apple narratives are unchanged. The situation is STABLE.
Topics
Key developments
- US-Iran MoU signed and in effect: Strait of Hormuz reopens, sanctions lifted on Iranian oil
- Apple CEO Tim Cook warns of unavoidable price increases due to memory chip shortage (RAMageddon)
- Fed holds rates steady but dot plot signals potential rate hike later this year