There’s Another Ceasefire That’s Ticking: John Authers

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Today’s Points:

• Analysis tomorrow on the Israel-Iran truce, which is holding (at the time of writing).
• That brings the S&P 500 within 1% of its high...
• While the dollar drops to a 44-month low against the euro.
• Reminder: US tariffs are scheduled to go back to Liberation Day levels on July 8.
• Jerome Powell says the risks of tariff inflation are keeping the Fed from cutting.
• AND: Music for a heat wave.

How D’You Like Them TACOs Now?

Can the ceasefire last? Is a ...