Traders Look Ahead to Fed, Shipping Outlook Ahead of Hormuz Reopening

Description

Business and finance news from the Asia-Pacific. Bonds advanced ahead of the Federal Reserve's policy decision, as a slide in oil prices to a three-month low helped ease concerns of a renewed inflation shock. Investors are also reassessing the global interest-rate outlook as the Fed meets for the first time under Chairman Kevin Warsh, with some expecting no changes this week and a shift in how the Fed communicates with markets. We speak to David Finnerty, Bloomberg's FX and Rates Strategist. Plus - the US and Iran are preparing to formally sign an interim peace deal that's left both sides claiming victory, with details of the accord still emerging and leaving many European governments, energy investors and shipping companies with reservations about how fast the Strait of Hormuz can return to pre-war conditions. Bloomberg TV Hosts Haidi Stroud-Watts and Shery Ahn spoke to Parash Jain, HSBC Global Head of Transport and Logistics Research about his outlook on shipping ahead of Hormuz reopening. See omnystudio.com/listener for privacy information.