WS #6242
No material new developments in the last 30 minutes. The dominant narrative from the previous window (Fed decision, Iran blockade, oil prices, Meta server extension) remains unchanged with no counter-signals or de-escalation.
Key developments
- Fed holds rates at 3.5%-3.75% with 8-4 vote, most dissents since 1992
- Powell to stay as Fed Governor after chair term ends May 15
- Trump vows to maintain Iran blockade; Brent crude hits $115/bbl, US gas at $4.23/gal
- Meta extends server life from 6 to 7 years due to memory supply shortage
- Senate Banking Committee advances Kevin Warsh nomination for Fed Chair
- UAE exits OPEC, plans to boost production to 5 million bpd
- Pershing Square USA (PSUS) falls 18% on debut
- Pentagon puts Iran war cost at $25 billion