Fed faces little room to cut rates
U.S. jobless claims rose by 16,000 to 219,000, while inflation is expected to climb as the Iran war lifts energy, food and financing costs.
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P&L Staff
Oil markets: Brent rebounds above $99 on Hormuz doubts
Brent rebounded above $99 a barrel as traders questioned whether the Strait of Hormuz will reopen after the ceasefire.
