CME Group Inc.

04/08/2026 | Press release | Distributed by Public on 04/08/2026 09:17

Crude oil falls on U.S.-Iran ceasefire. Markets look to Fed minutes.

Bob Iaccino of Path Trading Partners breaks down the massive market shifts following a two-week U.S.-Iran ceasefire agreement. WTI crude futures plummeted over 16% ahead of the deadline, sending equities and metals surging while U.S. Treasury yields dropped. Iaccino also previews the upcoming FOMC minutes, highlighting what to watch regarding rate holds and balance sheet runoff. Additionally, he covers the crucial February PCE data release, explaining why this backward-looking metric serves as a vital inflation baseline before recent geopolitical shocks. Finally, get a preview of upcoming earnings from major companies and key economic data including jobless claims and Fed speaker schedules.
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