QtrendsUS-Iran deal calms markets, Trump turns to tariffs
The US and Iran have reached a tentative agreement to de-escalate their conflict, triggering a global market rally and cooling oil prices. Kevin Warsh, a key economic advisor, had been preparing for rising inflation but the deal simplifies the inflation outlook. With Iran tensions easing, Trump is now refocusing on tariff negotiations as his next major economic move. Investors are closely watching what the next deal might entail.
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The World Gold Council reports that nine out of ten central banks plan to increase their gold holdings as the de-dollarization trend accelerates amid global instability. Central banks are also taking novel steps to store their growing reserves safely. This marks a significant shift away from US dollar dominance in global reserve holdings.
A new Pew Research Center survey reveals that many working parents feel they cannot fully perform at either work or home. The survey highlights a widespread sense of being stretched too thin, with parents describing an impossible trade-off between professional and family responsibilities. Researchers suggest paid sick leave and more affordable childcare could significantly alleviate the pressure.
Oil prices have fallen to three-month lows following the US-Iran agreement, but energy experts warn that supply normalization may take months. The broader inflation effects from higher gas, grocery, and flight prices during the conflict are expected to persist. While stocks rallied globally on the ceasefire news, analysts caution that the underlying supply chain disruptions will not resolve overnight.