Fed Minutes Reveal No Rush to Cut Rates Amid Iran War
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- Federal Reserve officials are considering rate increases due to inflation concerns stemming from the Middle East conflict, despite Cointelegraph's view that Fed minutes open the door to further rate cuts.
- Economic Times Markets warns that 40 stocks may report over 20% profit dips in Q4, with the Iran war's impact echoing even after a halt.
- Exxon anticipates a $6.5 billion hit from the Iran war, with Q1 earnings expected to print slightly below consensus, according to ZeroHedge.
- Faisal Islam (BBC Business) notes that while a pause in the Iran war is welcome, the economic scars, including increased farmer costs that will be passed on, will persist.
Why it matters: Exxon warns of a $6.5 billion hit, and 40 stocks may see over 20% profit dips in Q4.
