The Islamic Revolutionary Guard Corps (IRGC) of Iran issued several statements on the 29th, announcing that the IRGC Navy continues to maintain "full control of the Strait of Hormuz" and had struck and intercepted three "violating" oil tankers several hours earlier. The statements said these tankers "ignored warnings and continued to navigate on unsafe and illegal routes, resulting in their being targeted and intercepted." (Xinhua News Agency).

Consumer giants on alert! Sticky inflation erodes spending power, Procter & Gamble (PG.US) misses Q4 revenue guidance and warns of slower growth in 2027

Waller: The Federal Reserve will not endorse any market movements

Although some speculate that the Federal Reserve may unexpectedly raise interest rates on Wednesday, Fundstrat Global Advisors market strategist Tom Lee believes this is unlikely to happen, mainly based on recent progress in inflation. The latest composition of inflation data shows that housing costs and other key components are slowing, giving the Fed room to keep rates unchanged. Therefore, if the data-driven Federal Reserve were to judge inflationary pressures as still strong based only on s

Gold prices hold steady ahead of Fed decision, as geopolitical risks and policy outlook intertwine