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Report: Trump Paused ‘Project Freedom’ Due To Backlash From Gulf Arab Allies

NBC News reported on Wednesday that President Trump quickly ended the US military operation to “guide” commercial ships through the Strait of Hormuz due to backlash from the US’s Gulf Arab allies. The report said that the abrupt reversal came after Saudi Arabia was caught off guard by Trump’s announcement of what he dubbed “Project […]
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Hold The Horses
Hold The Horses By Rabobank There are five G10 central bank meetings scheduled this week and not a single policy move is expected between them. That said, the signalling of policymakers will be crucial. For each of the BoJ, Fed, BoC, ECB and the BoE, the market will be watching to see how rate setters are gauging the two sided the risks to growth and inflation implied by the Iran war. It remains Rabo’s view that the Fed will likely cut rates again this year. This outcome may have been made...
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