Russia Says Ukraine Behind Attack that Sunk Tanker in Mediterranean

Hungary announced that it was ending diesel fuel shipments to Ukraine, and Slovakia said it could also cut energy shipments. Hungary and Slovakia are taking the step because Ukraine is blocking Russian oil shipments to the Eastern European nations. “Today we decided to suspend diesel fuel deliveries to Ukraine. Shipments will not resume until oil […]

FOMC Minutes Signal Fed Saw "Dual Sided" Risks From Iran War Since the last FOMC meeting (March 18th), a lot has happened (war, more war, and now less war), and rate-change expectations hawkishly surged, then dovishly normalized today... And given the last 24 hours, perhaps this information is more useful now, as we return to macro-fundamentals from geopolitical chaos running markets. The minutes, released three weeks after the meeting, underscore the Fed's dilemma as it seeks to fill its congressional mandates of low inflation and maximum employment. Fed officials wrestled with starkly differing...

President Donald Trump believes he will reach a deal with Cuba as his economic war has caused the collapse of the island’s electric grid.  On Sunday, Trump told reporters on Air Force One that he believes “something will happen with Cuba pretty quickly,” but added that he must finish the war with Iran first. “Cuba […]