Quickly Evaporating.
After spending his weekend advocating for the breakup of the United Kingdom and watching golf, Trump resumed his relentless pressure on the Federal Reserve to slash interest rates to begin a week in which the central bank was widely expected to have to raise them for the first time since 2023 to fight inflation, putting him on a collision course with his own hand-picked Fed chairman.
An Iranian-backed attack shut down a 7 million barrel/day Saudi pipeline on Sunday night, reducing Saudi oil production to its lowest levels in decades and triggering yet another big oil price spike.
Existential…
The skinny
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