US Senate Majority Leader Thune says it is in everyone's best interests to conclude the probe into Fed Chair Powell
Senate Majority Leader Thune's comments on concluding the probe into Fed Chair Powell suggest a potential for political stability regarding the Federal Reserve's leadership.
Iran has abandoned the use of intermediaries to sell its oil following a number of IRGC officials being killed, WSJ reports citing IRNA
US House Speaker Johnson expects a 'skinny' reconcilliation package to arrive in the next week
US Senate Majority Leader Thune says it is in everyone's best interests to conclude the probe into Fed Chair Powell
US net imports of crude oil fell in latest week to lowest on record, EIA says
Lebanese official source says "There are positive indications regarding our request for a ceasefire [with Israel]"; according to the same source, no response has been received yet, Kann News reports
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This could alleviate uncertainty among investors regarding the Fed's direction and policy continuity, which is beneficial for both the USD and broader market sentiments. Keep an eye on how this sentiment might influence fixed income markets, especially if investors feel reassured about the Fed's commitment to policy stability.
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