Welcome to Markets Desk, here's what's moving right now.
Crude oil is taking a significant hit today, with October WTI futures down nearly four percent on signs that supply is flowing freely through the Strait of Hormuz. That easing of geopolitical tension pulled the floor out from under energy prices, dragging RBOB gasoline lower alongside crude in a broad commodity selloff.
Shifting to fixed income and Fed policy, DoubleLine's Jeff Gundlach is making the case that the Federal Reserve moved too cautiously in its inflation fight, telling CNBC the central bank should have delivered half-point rate hikes rather than quarter-point increments. It's a pointed critique suggesting the Fed's gradualism may have allowed inflation to entrench longer than necessary.
Meanwhile, Boeing's chief executive is acknowledging that stabilizing seven thirty seven Max production is taking longer than the company anticipated. That admission carries real weight for investors watching Boeing's manufacturing recovery, as any further delays tighten the pressure on delivery schedules, airline customers, and the broader supply chain that feeds into that program.
That's the tape. Markets Desk, signing off the floor.
