Markets cheer U.S.Iran Breakthrough though Middle East risks, Fed remain in focus

Image for article Markets cheer U.S.Iran Breakthrough though Middle East risks, Fed remain in focus
News Source : CoinDesk

News Summary

  • President Donald Trump said over the weekend that the U.S and Iran had reached a peace deal and will sign it on June 19.
  • Crude oil fell 5% to around $80 per barrel and is now down roughly 33% from its early March high of $120.
  • Equity markets rose on the news.
  • Bitcoin BTC briefly topped $66,000, and was recently 2.7% higher over 24 hours, with most of the advance occurring on Sunday shortly after Trump's announcement.
  • Markets are currently pricing a 97% probability the Fed will leave the federal funds rate unchanged at 3.50%-3.75%.
President Donald Trump said over the weekend that the U.S and Iran had reached a peace deal and will sign it on June 19. Among other conditions, the agreement sees the removal of the U.S.

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