Happy Tuesday. Stocks are down for a second consecutive day amid the continued closure of the Strait of Hormuz. Today's planned peace talks between the U.S. and Iran in Islamabad have yet to occur, and tomorrow marks the last day of the current ceasefire agreement.
Amid all of this uncertainty, oil futures are up over 3%.
While headline inflation is up sharply due to elevated oil prices resulting from the war with Iran, core inflation is slowing, and Goldman Sachs sees it easing further later this year. Goldman expects core goods inflation to decelerate sharply, from 2.7% in March to just 0.6% by December 2026, as the tariff passthrough cycle runs its course.
TheStreet is a personal finance editorial news platform meant to provide its users with content for educational and informational purposes only. TheStreet is not an investment broker or a financial advisor, and does not give financial, legal, tax or personalized investment advice.
