Oil spikes as Iran tensions and Powell feud shake markets
TL;DR Summary
U.S. stocks declined while oil jumped on Iran-related headlines and ongoing concerns about Federal Reserve independence after Trump’s attacks on Powell, even as December core CPI came in cooler than expected; JPMorgan beat earnings but its shares fell, and investors weighed geopolitical risk against central-bank credibility and related tech news.
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- Asia FX Talk - Geopolitical tensions amidst soft US CPI MUFG Research
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