🇺🇸UPDATE: #US WARNS ALLIES OVER SUPPORT IN IRAN CONFLICT
Defense Secretary Pete Hegseth warned there would be “consequences” for allies that fail to support the U.S. campaign against Iran, calling NATO’s response “unconscionable.”
Meanwhile, President #TRUMP told Axios the U.S. will maintain a naval blockade on Iran until a deal addressing nuclear concerns is reached.
#CENTCOM has also prepared plans for a “short and powerful” strike wave if negotiations remain stalled.
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#Jerome_Powell speaks at 2:30 PM ET in what is widely expected to be his last press conference as Fed Chair, ending an 8-year run through one of the most volatile macro cycles in modern history.
No rate cut is expected, but his remarks today could move #market sharply.
🔸 FOMC meets today at 2 PM ET, Powell's final meeting as Fed Chair. Markets price a near-certain hold at 3.50–3.75%. Focus: will the statement open the door to a June cut given oil-driven reflation? 🔸 Iran talks collapsed. Rubio rejected Tehran's Hormuz-reopening proposal; Trump is now preparing an extended naval blockade. Brent is up ~10% on the week to near $110/bbl. 🔸 Visa Q2 FY2026: revenue $11.23B (+17% YoY), non-GAAP EPS $3.31 beat the $3.09 consensus, payments volume +9%, cross-border +12%. New $20B share buyback authorized. 🔸 MSFT, GOOGL, META, and AMZN all report after close today. Bloomberg: AI capital spending is the central question; hyperscaler capex guidance will set the tone for the next growth cycle. 🔸 GDP Q1 2026 advance estimate releases tomorrow (April 30) at 8:30 ET. Reuters median forecast: 2.3% annualized. Bets on a surprise miss are rising as tariff drag and slowing consumer data cloud the print. 🔸 Gold and oil decoupled into FOMC: real yields rose, gold sold off, while Brent ripped to $110 on the Iran collapse. The split reinforced the Fed's higher-for-longer stance heading into Powell's 2 PM statement. 🪙Crypto Updates: 🔸 AG Blanche at Bitcoin 2026: DOJ fundamentally changed the rules. Developers not knowingly aiding criminal use of their code won't be investigated. Direct response to Tornado Cash and Samourai Wallet. 🔸 CLARITY Act Senate markup pushed to May. Lummis at Bitcoin 2026: April deadline missed. Open issues: stablecoin yield, DeFi provisions, Republican votes. Galaxy Research: 50% enactment odds by year-end. 🔸 MARA launched the MARA Foundation at Bitcoin 2026: network security, quantum resistance research, open-source dev, and self-custody tools. CEO Fred Thiel says miners have responsibilities beyond hashing. 🔸 A coalition including Block, Coinbase, and Bitcoin Policy Institute proposed at Bitcoin 2026: exempt BTC transactions under $600, up to $20K annually, from capital gains reporting to make everyday payments practical. 🔸 Czech National Bank governor Aleš Michl announced a 1% Bitcoin allocation from its $180B reserves at Bitcoin 2026 Day 2. CNB research: Bitcoin raises expected returns without increasing overall portfolio risk. 🔸 Saylor at Bitcoin 2026 Day 2: $10M long-term BTC target plus a digital credit pitch. STRC, his BTC-backed preferred stock, framed as the largest preferred float globally in 8 months at 11% tax-deferred yields.