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The odds of a Fed hold firmed up in traders’ minds following Friday’s inflation data, which showed prices rose 3.3% over the past 12 months.
Recent inflation data showed a 3.3% annual rise, mainly driven by higher gas prices.
KEY POINTS
- Oil supply disruptions stem from Iran's control of the Strait of Hormuz and reported mining of the area.
- Peace talks between the U.S. and Iran failed, with nuclear weapon concerns as a key obstacle.
- Odds of a near-term U.S.-Iran deal fell sharply on Polymarket, reflecting increased market pessimism.
- Despite labor market strength, traders now expect the Fed to hold rates due to persistent inflation.
COMPANIES
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