Dow Jones Futures Fall, Oil Prices Jump As U.S. Strikes Iran
Dow Jones Futures Fall, Oil Prices Jump As U.S. Strikes Iran
Source: Investor's Business Daily
―
DW NOTE
The Fed holds rates at 3.65% while oil falls 26% despite a closed Hormuz and a 4% global supply decline. Either the central bank believes this is transitory, or it has decided inflation is preferable to whatever breaks when they tighten into a war economy.