Israel and Iran are at war, but markets have yet to freak out. Today on the show, Rob Armstrong and Katie Martin dig into what’s happening with oil, the dollar and gold — and what Federal Reserve chair Jay Powell will say following this week’s FOMC meeting. Also, they go long New York pizza and golden telephones.

For a free 30-day trial to the Unhedged newsletter go to: https://www.ft.com/unhedgedoffer.

You can email Robert Armstrong and Katie Martin at unhedged@ft.com.

Read a transcript of this episode on FT.com

View our accessibility guide.

Copyright The Financial Times Limited 2025. All rights reserved.
Reuse this content (opens in new window) CommentsJump to comments section

Follow the topics in this audio

Comments

Comments have not been enabled for this article.