Fed held rates at 3.50-3.75%. Dot plot: 9 of 18 officials now project a hike by year-end. Six of them want two.Fox
2.
Warsh declined to submit a dot forecast. Announced five task forces to reshape Fed operations from communications to inflation. He was the only member who abstained.CNBC
3.
Dow fell 507 points after touching a fresh intraday high. S&P 500 lost 1.21% and the ten-year yield jumped to 4.50%. Intraday record to 500-point loss in one afternoon.CNBC
Energy & Commodities
4.
Trump signed the Iran MOU at a dinner in Versailles. Full text released: U.S. commits to end all sanctions on an agreed schedule. The schedule hasn’t been set.Fox
5.
IEA cut 2026 oil demand forecast by 700,000 barrels per day. Sees 8 million b/d supply surge in 2027 once Gulf output returns. The glut hasn’t started yet.Reuters
6.
WTI crude posted a fifth straight daily decline. Down about $44 from its early March peak near $119. Reuters
Politics
7.
Sen. Cassidy (R-LA) called the Iran deal the worst foreign policy move in decades. War Powers vote failed 47-48 with four GOP senators in favor. AP
8.
G7 backed Trump’s Iran deal in its closing communique. Leaders pledged tougher Russia sanctions and longer-range weapons for Ukraine. AP
Around the World
9.
Finland’s parliament voted 125-61 to lift its ban on nuclear weapons. Allows NATO to store and transport warheads on Finnish soil for the first time. BBG
10.
Nikkei 225 crossed 71,000 overnight for the first time. SK Hynix hit a fresh high in Seoul. CNBC
