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Economic data spotlight: Fed rate hike bets survived Warsh, but can they survive US PCE inflation?

Fed chair Warsh talked and markets listened. But by the end of it all, everyone pretty much went home with the same hand that they were dealt with in looking to the next meeting in December. So much for a productive Fed meeting, eh? While yesterday's decision and press conference didn't exactly shake things up, today's US PCE inflation report might have a better shot at doing so. Traders are…

CommodityOilPrice.com

Oil Prices Fall as Vance Moves to Restart Iran Peace Talks

Crude oil prices gave up some of the gains they made earlier this week, after U.S. Vice President JD Vance contacted the secretary of the Iranian Supreme National Security Council in a bid to restart peace talks. At the time of writing, Brent crude was trading at $114.14 per barrel, and West Texas Intermediate was trading at $101.45 per barrel, both down from Wednesday but still significantly…

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