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Weekly Bottom Line

  • Oil prices plummeted Friday morning as Iran declared the Strait of Hormuz fully open to commercial traffic during the 10-day cease fire between Israel and Lebanon.
  • The producer price index rose to a three year high of 4% year-on-year in March, as energy prices rose sharply during the month.
  • Federal Reserve officials generally voiced caution in public comments this week, as uncertainty related to the duration of the conflict complicates monetary policy deliberations.

 

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Weekly Bottom Line

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