What England Can Teach Us About 'Democratic Socialism'

Oil Tumbles As Tehran Pushes Draft Peace Framework While Sidestepping Uranium Question Summary Iran only having 'indirect' US contacts while asserting that enriched uranium is 'off the table' for negotiations: state TV says Tehran has a draft of the initial unofficial framework for MOU with US. IRGC keeping up the rhetoric: warns that Iran would "turn the area from Chabahar to Mahshahr into a graveyard for aggressors" if the ceasefire collapses. CENTCOM: "Clearly the Iranians are trying to hedge their bets here and put more pressure on the US." Iranian president: "The main battleground...

Core PCE Rises Most In 3 Years; Savings Rate Tumbles As Spending Far Outpaces Income The Fed's favorite inflation indicator - Core PCE - rose 0.3% MoM in January (as expected), a dip from the 0.4% sequential increase in February, with YoY rising by 3.2% (also as expected), slightly higher than the 3.0% in Feb. That is the highest annual increase in Core PCE since Nov 2023.  The headline PCE jumped notably more, as expected since it includes non-core items like energy and food, rising 0.7% MoM (as expected) driving prices up...

Oil prices hovered around $90 per barrel: "Seven nations are scheduled to meet Tuesday to discuss a possible joint release of stockpiles to help ease the supply disruption."