Lates News

Bill Nosy, Senior Investment Director at Bank of America Asset Management Group, said, "As it stands, the situation in Iran has not seen a substantial escalation, and the market has breathed a sigh of relief." Although hostilities in the Middle East seemed to ease on Tuesday, this conflict still affects future economic indicators for the United States and the Federal Reserve's interest rate decisions. He added that if the Strait of Hormuz could safely and fully reopen, it would dampen market expectations of rising inflation and cause the yield on 10-year U.S. Treasury bonds to decline. "Our basic expectation is that this volatility may continue," Nosy said.