Ed Yardeni interprets Kevin Worsh's first FOMC meeting as a hawkish surprise, prioritizing price stability over the dual mandate. He sees a 'do nothing Fed' for now, but a potential 25-50bp hike if inflation persists. Yardeni views the economy as resilient, with normalized bond yields at 4.5%, and believes a rate hike would not derail the 'Roaring 2020s'.

Norman Roule views the US-Iran interim peace deal as a 'high-value pause' that buys time but not trust. It shifts from military conflict to a tenuous diplomatic process, relieving pressure on energy markets. He warns the deal is narrow, reversible, and requires early proof of progress, especially on nuclear, missile, and militia issues.

Claudia Sahm argues Kevin Worsh made a mistake by not participating in the Summary of Economic Projections (dot plot), leaving 'huge blanks' in communication. She says the Fed needs to explain its current decisions, not just avoid forward guidance. The lack of clarity could increase market volatility and uncertainty, costing investors. She also notes the divided committee (9 of 18 see a hike as appropriate) signals a big shift in monetary policy.