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BREAKING: After meeting with Pakistan's Army Chief Munir and his delegation in Tehran yesterday through today, Iran has said new talks with the US would be "of no benefit without a framework first," emphasizing the US "must fulfill commitments" and drop its "excessive demands,"…
— The Hormuz Letter (@HormuzLetter) April 16, 2026
S&P futures push toward new highs on Iran truce optimism with Nasdaq extending its win streak as TSMC boosts its 2026 outlook.
Initial jobless claims drop to 207k versus 213k expected while continuing claims edge higher
St. Louis Fed’s Musalem overnight joins the hawkish chorus, admitting oil shocks will keep core inflation pinned at 3% through year-end; the Fed is effectively moving the goalposts, preparing the market for “higher for longer” as energy costs become a structural fixture.
Defense Secretary Hegseth warns Iran to “choose wisely” on any deal, states US forces are fully postured to restart combat operations if talks fail, and confirms the military is actively watching and tracking Iranian asset movements.
Fed President Hammack overnight warns rates will likely stay on hold “for a good while” due to persistent energy shocks; the internal shift from “transitory” to “baseline” inflation suggests the 2% target is being sacrificed to avoid a growth collapse.
Pakistani military mediation in Tehran is reportedly focused on a “non-aggression pact” for energy pipelines
Tradeweb survey shows 68% of corporate treasurers have spiked money market fund allocations since the March conflict start