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UMich Sentiment Crashes To Lowest On Record As War Sparks Inflation Panic Among Democrats While the March UMich sentiment survey was completed before and after the start of the Iran War (with only modest impacts on sentiment and inflation expectations), today's preliminary April data survey period was all in the war with expectations for a notable drop in sentiment and sizable jump in inflation expectations. It turns out the expectations were right in direction but underestimated the scale as headline sentiment plunged from 53.3 to 47.6 (far worse than the 51.5...

British Prime Minister Andy Burnham is considering a request from Saudi Arabia to assist in its war against Ansar Allah, also known as the Houthis, according to a report from Bloomberg. Sources told the outlet that the UK has received requests for a range of military and diplomatic support and that Riyadh seeks help pushing […]

Trump Mulls Restart Of 'Project Freedom' As Gulf States Lift Military Curbs, Iran Reiterates Nuclear Enrichment Red Line Summary The Trump admin mulls restarting operation to guide ships through the Strait of Hormuz with naval and air support as early as this week after Saudi Arabia and Kuwait lifted restrictions on US access to their bases and airspaces Iran national security commission 'red line': No uranium has left the country; The right to enrich uranium, the complete lifting of sanctions, and the release of the country's assets are non-negotiable red lines. Sentiment in early...