Iran Deal Sparks Market Rally, but ECB Says Inflation Risks Persist (opens in new tab)

European Central Bank President Christine Lagarde welcomed news of a preliminary US-Iran peace agreement that could lead to the reopening of the Strait of Hormuz and the restoration of energy flows through one of the world’s most important shipping routes. Financial markets quickly interpreted the development as inflation-positive. Oil prices fell sharply, bond yields declined, […] The post appeared first on .