1. The U.S. March CPI data was released at +3.3% year-over-year, meeting expectations and significantly influencing future policy from The Fed.
2. Geopolitical tensions are rising as U.S. and Iranian delegations hold negotiations in Pakistan, focusing on the Strait of Hormuz situation which is critical for global energy prices.
3. Fed official Daly signaled that a rate cut is "not out of the question" if the Iran conflict resolves and oil prices fall, providing a conditional outlook on monetary policy.
US CPI at 3.3%, Eyes on US-Iran Talks, Fed Links Rate Cut to Geopolitics
