Peter Tchir on U.S.-Iran Memorandum, Fed's Tentative Rate Hike Tilt

• The U.S.-Iran MOU, despite its fragility, is seen as positive for markets due to the opening of the Strait of Hormuz, which eases oil flow and inflation concerns.
• Peter Tchir criticizes the Fed's outdated data collection methods (e.g., OER, jobs numbers) and advocates for incorporating real-time data and a 'revamp' for more effective policy decisions.
• Kevin Warsh's hawkish messaging and strategic communication are viewed favorably, as they are expected to protect the long end of the yield curve and contribute to controlling inflation.

Peter Tchir discusses the U.S.-Iran Memorandum of Understanding (MOU), acknowledging its fragility but noting the positive market reaction to the opening of the Strait of Hormuz. He also praises Kevin Warsh's hawkish stance and communication strategy at the Fed, advocating for better real-time data collection to improve monetary policy effectiveness and long-term price stability.