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Mixed July payrolls report takes pressure off the Fed to tighten
Weak figures give some cover to central bank’s July decision to hold rates
Iran’s oil exports stall and Kharg Island idles under US blockade
Naval interdiction appears to be halting tankers from carrying Tehran’s crude
FirstFT: All eyes on the US jobs market
Also in today’s newsletter: Jane Street debt discussions and the latest cutting-edge Chinese AI model
US euro sale to prop up yen blindsided ECB
Christine Lagarde and Scott Bessent spoke only after Washington’s historic intervention
Whitepapers / Articles
A View from the Bridge - April 2026
“Never forget where you’re coming from” is the chorus line to a Take That hit from 1995 and much of yesterday’s policy decision and press conference was metaphorically sung in that vein.
PegasusCapital - 01/05/2026
