This post was originally published on this site.Crude oil futures fell sharply yesterday as traders weighed the chances of an end to the war with Iran. Senate Democratic Leader Chuck Schumer said Democrats would push to end the war and pointed to support from some Republicans. Crude was down close to 8% when I wrote about the move. The headlines helped drive the selloff. The technicals gave traders a place to lean against. Yesterday, I highlighted three levels within 27 cents of one another. The 50% midpoint of the move up from the July low came in at $86.93, the...

This post was originally published on this site. Policy is somewhere around neutral The path on policy is straightforward, the issue is pace and gradual “makes sense” Do not anticipate inflation will accelerate but also don’t see it as falling at this point The set of costs pressures of the psat 18 months, starting with tariffs, are broad based and firsm feel they have to pass them along Earnings remain strong and that is encouraging firms to invest and hold onto workers AI is a big part of current strong demand Nice to see a Fed official calling it artificial...