Money versus Monetary Policy

Trump Announces Start Of "Clearing Out" The Strait As A "Favor" To RoW As 'Indirect' Talks Begin With Iran Summary:  President Trump announces start of "clearing out the Strait" as a favor to the rest of the world as two U.S. Navy guided-missile destroyers passed without incident. Peace talks in Pakistan begin in indirect format, led by Vance and on Iran side - Ghalibaf, Arachchi. Saturday sees more Israeli strikes on Lebanon, with Hezbollah supporting Pakistan talks but rejecting 'separate deal' directly with Israel. Trump on talks and potential bigger future attacks on Iran: "You don’t need a backup...

One day after Israeli attacks killed 14 in Lebanon, the narrative of the ceasefire being “intact” seems less and less credible, with reports of continued escalation against southern Lebanon, and new rounds of Israeli strikes reported in the Bekaa Valley to the east. Strikes were reported against the towns of Kfara and Qleia in southern […]

American Airline Cuts Outlook After Jet Fuel Shock Bill American Airlines slashed its full-year outlook on Thursday morning, warning it could post a loss in 2026 as the Iran-U.S. war, which sent jet fuel prices soaring, adds roughly $4 billion in fuel costs. The airline now expects full-year results ranging from a 40-cent loss to a $1.10 profit, down from its earlier forecast of $1.10 to $2.70 in earnings per share. "Based on the forward fuel curve and the current revenue outlook, the midpoint of the full-year guidance is expected to...