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Oil Plummets as Fed Holds Rates
Description
Asian markets mixed as oil drops below $80 amid hopes of a U.S.-Iran interim deal, while U.S. futures rise ahead of Fed decision—Japan surges on tech exports, Korea dips on tech weakness. The peace deal’s impact on oil is immediate but recovery faces hurdles like mine clearance and insurance. Fed likely holds rates steady despite pressure for cuts, balancing inflation fears from energy shock. SpaceX soars post-IPO, Yum sells Pizza Hut for $2.7B, and the dollar slips slightly vs. yen as euro gains.
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