Wall Street has pretty much written off the idea of a Fed rate cut at Kevin Warsh’s first meeting
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There’s more head-scratching to be done in the U.S.-Iran negotiations, with reports now emerging that the Iranian regime may seek to place tolls on travel through the Strait of Hormuz—yet another obstacle to navigate in the bid to normalize global oil supply lines.
Key facts
Backstage at the Sana AI summit at the New York Public Library on Thursday, Fortune’s Nick Lichtenberg spoke with top economist Tyler Cowen
With Kevin Warsh’s first Federal Open Market Committee (FOMC) meeting fast approaching, Goldman Sachs has been mulling one of the longer-term suggestions the incoming central bank chairman has made
Investors have little more than sentiment when assessing risks around the Iran war,” UBS’s Paul Donovan told clients this morning
The George Mason University economist and Bloomberg columnist offers an alternative perspective on the job apocalypse AI is predicted to bring
Summary
S&P 500 futures are up 0.2%. In Europe, the Sto600 is up 0.5% in early trading and the U.K.’s FTSE 100 is up 0.4% before lunch. Bitcoin is down to $77,256. Though President Trump has been adamant about the need for the Strait to reopen as soon as possible, he’s not keen on oil suppliers having to pay for passage, which was previously free.