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The FOMC held rates again as core PCE stayed sticky. Powell wants more progress before easing, pushing US mortgage rates back above 7.1%.
The US Navy began blocking all ships entering or leaving Iranian ports on Monday after weekend negotiations in Pakistan ended without a deal. Oil prices surged past $100 a barrel, Iran declared its armed forces on "maximum combat alert," and a fragile ceasefire hangs by a thread.
The recent expansion of the BRICS bloc signals a significant realignment in global power dynamics. What does this mean for international relations and the economy?
