06/18/2026
A short week with a lot of news.
Markets opened Monday with optimism. A U.S.-Iran peace deal was announced over the weekend, oil prices dropped, and the outlook for inflation looked brighter almost overnight.
Then Wednesday arrived. The Fed held rates steady but removed language pointing toward future cuts. New Fed Chair Kevin Warsh signaled inflation is a growing concern and the Fed is ready to act. The tone shifted.
Housing data wasn't encouraging either. Starts came in well below forecast. Pending home sales did surprise to the upside, which was one of the brighter spots of the week.
If you're watching rates and waiting for clarity, this week was a reminder that the picture can change fast in both directions.
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