Morning Market Tidbits

A potential US-Iran peace deal is driving treasury rallies, but BofA analysts argue the outcome may actually be hawkish for the Fed if oil prices stabilize between $80-90. Market focus remains on today's consumer sentiment and inflation expectations.

Key Takeaways

• 1.A US-Iran peace deal might mitigate inflation risks but could also prevent a lagged shock to labor/activity, potentially leading to a hawkish outcome if oil prices settle at $80-90.

Table of Contents

• Key takeaways
• What Matters Today: Hikes are most plausible if WTI averages $80-100 for an extended period
• Dovish delusion?
• US GDP Tracking
• Today's economic calendar
• Disclosures

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