Rio Times Global Economy Briefing
The Big Three
The deal is signed. The United States and Iran formally signed their agreement and Washington lifted its naval blockade, sending oil to its lowest level in months.
Markets bounced back. The Russell 2000 jumped 2.12% and the Nasdaq rose 1.91%, recovering much of the ground lost after the Federal Reserve’s hawkish surprise a day earlier.
England leans toward higher rates. The Bank of England held steady, but two policymakers voted to raise rates — a sign the developed world’s hawkish turn is broadening.
