Dow Jones| Nasdaq | US Stock Market Today | Live: US stocks seesaw as investors assess new US-Iran peace proposal

Atlanta Fed ​interim president Cheryl Venable said inflation remains ‌too ⁠high, ⁠a message ​heard from contacts across the Southeast, ​with the likelihood of easing price ​pressures ⁠tied to “unpredictable ‌geopolitical events, ​particularly ​the Middle ⁠East conflict.”

“A clear resolution to ​the war would ​likely get oil shipments moving more freely, boost ‌supplies, and thus ease energy prices,” ​Venable ​said ⁠in an essay posted by the Atlanta Fed. “Prolonged ​tension and conflict would likely have the opposite effect.”