Compliance Newsletter: Volatility, Recalibration and Rising Expectations

HEGSETH: US LAUNCHING OPERATION 'ECONOMIC FURY' US WILL MAINTAIN BLOCKADE FOR AS LONG AS IT TAKES: HEGSETH HEGSETH SAYS IRAN IS DIGGING OUT BOMBED OUT LAUNCHERS HEGSETH TO IRAN: I HOPE YOU CHOOSE A DEAL WHICH IS WITHIN YOUR GRASP HEGSETH: U.S. NAVY CONTROLS TRAFFIC GOING IN AND OUT OF THE STRAIT OF HORMUZ BECAUSE IT HAS A NAVY AND IRAN DOES NOT ANYMORE

Lebanese presidency: President Aoun spoke on the phone with U.S. Secretary of State Marco Rubio and thanked him for the U.S. efforts to reach a ceasefire. Rubio affirmed the continuation of the ongoing efforts to reach a ceasefire as a prelude to establishing peace, security,…

US MILITARY WIDENS SCOPE OF IRAN SHIPPING BLOCKADE TO INCLUDE CONTRABAND ITEMS SUCH AS MUNITIONS, WEAPONS - ADVISORY NOTE US MILITARY ADVISORY STATES CONTRABAND ON SHIPS INCLUDES OIL, REFINED PRODUCTS, IRON, STEEL, AND ALUMINIUM. VESSELS SUSPECTED OF TRANSPORTING CONTRABAND TO IRAN CAN BE VISITED, SEARCHED, AND SEIZED ANYWHERE, ACCORDING TO AN ADVISORY.

In the week ending April 11, the advance figure for seasonally adjusted initial claims was 207,000, a decrease of 11,000 from the previous week's revised level. The previous ...

Manufacturing activity in the region continued to grow overall, according to the firms responding to the April Manufacturing Business Outlook Survey. The survey’s indicators for ...

Good morning. It’s great to be here today. I last spoke at this event two years ago, just a few days after a total solar eclipse. Today, I’m here less than a week after the conclusion of the Artemis II moon voyage. Perhaps it has something to do with the cosmos. Now, many of you may find this surprising, but there are some similarities between the Federal Open Market Committee (FOMC) and the Artemis crew. Both are mission-focused. Both have scheduled blackout periods—although ours are not nearly as nerve-racking. And just as astronauts travel through competing gravitational forces to circle the dark side of the moon, the FOMC navigates through uncertainty as it balances the risks to achieving its dual mandate goals of maximum employment and price stability. Today I’m going to talk about those goals, the uncertainty, and the current stance of monetary policy. I’ll also give my economic outlook. Fed's Williams: Middle east war already lifting inflation Fed's Williams: Seeing emerging signs of supply chain disruptions. Fed's Williams: Swift end to conflict should help ease inflation pressures New York Fed President Williams worries war will slow growth, aggravate inflation New York Fed President John Williams expressed concern Thursday about the Iran war’s impact on the economy, saying it already has shown signs of hiking prices and slowing growth. In a speech delivered to bankers in his home district, Williams noted that the conflict has “intensified the uncertainty” around national and local conditions. While he generally expressed confidence that growth would continue and inflation would ease through the year, he said there are threats to both sides of the Fed’s dual mandate for stable prices and low unemployment. “Assuming energy supply disruptions ease reasonably soon, energy prices should come down, and these effects should partially reverse later this year,” Williams said. “However, the conflict could also result in a large supply shock with pronounced effects that simultaneously raises inflation — through a surge in intermediate costs and commodity prices — and dampens economic activity. This has begun to play out already.”