WS #12051
No material new developments in the last 30 minutes. The Strait of Hormuz de-escalation and Fed Chair Warsh's testimony remain the dominant signals, with no new data points or counter-signals emerging. The narrative arc continues as DE-ESCALATING on the geopolitical front and STABLE on monetary policy.
Topics
Key developments
- Trump replaces 20% Hormuz cargo fee with trade deals, opens Strait to all except Iran
- Fed Chair Warsh: no cruel choice between stable prices and full employment, reforms forthcoming
- IBM Q2 revenue miss: $17.2B vs $17.9B est., stock falls ~23%
- New York Governor Hochul signs executive order halting new data centers over 50MW for one year
- US official confirms H200 chip shipments to China have begun but remain limited