DBI Today: 51.3 (+2.1)
The deal is done. President Trump and Iranian officials confirmed a framework agreement to end the war and reopen the Strait of Hormuz — the narrow waterway between Iran and Oman that carries roughly one in five barrels of oil traded globally — and financial markets reacted with one of their most coordinated rallies in months. The Daily Business Index climbed to 51.3, crossing the neutral threshold of 50 for the first time since January, as equities surged from Tokyo to New York and crude oil fell sharply. It's a meaningful shift. But with US inflation still running at its highest in three years, small businesses pulling back on hiring, and the Federal Reserve beginning a crucial two-day meeting today under a new chair, the relief is real — and so are the caveats.
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