Wall Street rallies on US-Iran deal and oil price slide

The potential reopening of the Strait of Hormuz is being analyzed for its impact on prompting a 'dovish pivot' from the Federal Reserve and leading markets to reprice 'rate cuts'.

SpaceX surged in after-hours trading, reaching a $3 trillion market cap and surpassing Microsoft. The upcoming trading of SPCX options could further accelerate a gamma squeeze, potentially pushing the stock even higher.

The potential end of the Iran war could lead to reduced geopolitical tensions, potentially stabilizing oil prices and easing inflationary pressures. However, the actual impact depends on the specifics of the resolution and the absence of further escalations.

The market overwhelmingly expects the Federal Reserve to keep interest rates unchanged in June (98.5% probability) and July (91.3% probability), indicating a strong consensus for maintaining the current monetary policy stance.

This news item appears to be a misinterpretation or a poorly constructed title, conflating a K-pop group's comeback date with the Federal Reserve. The actual content likely pertains to the music release, not a Fed announcement.

Global financial markets experienced a rally as investors considered various factors including inflation data, the Federal Reserve's monetary policy outlook, and the potential for a SpaceX IPO.