U.S.-Iran Memorandum Sigh of Relief for Energy Trade, Fed Sets New Tone

While not a complete end to the U.S.-Iran hostilities, Kevin Hincks sees the memorandum of understanding expected to be signed by Friday as a big sigh of relief for a greatly pressured energy trade. He also turns to the Fed and Kevin Warsh's expectations for the FOMC, believing his stance on "uneven" economic conditions will shape future interest rate projections. Kevin then analyzes the weekly jobless claims print that came in slightly above estimates.

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