Nick Timiraos, often referred to as the 'Fed's mouthpiece,' has highlighted that the ceasefire between the US and Iran presents an opportunity to mitigate the severe threats to the global economy. According to Jin10, this development, however, may pose a different challenge for the Federal Reserve. The ongoing volatility in energy prices could keep inflation at elevated levels, yet not severe enough to disrupt demand, potentially prolonging the current interest rate stance. The Federal Reserve's March meeting minutes emphasized that the conflict was not the primary reason for the Fed's reluctance to cut rates, but it has complicated the already cautious stance. Even before the conflict, the path to rate cuts was narrow. The labor market has stabilized, easing recession fears, but progress towards the Fed's 2% inflation target has stalled. In March, the Fed did not adjust interest rates, partly due to concerns about the long-term risks of the conflict. The potential for the conflict to escalate and drag down economic growth, leading to a recession, was a strong argument for resuming rate cuts. Paradoxically, the end of the conflict might make it harder for the Fed to implement easing policies in the short term. This is because the ceasefire removes the worst-case economic scenario of severe price hikes disrupting supply chains and demand, which is arguably more critical than eliminating new inflationary pressures.

Anthropic has decided to restrict access to its Claude Mythos AI system to vetted cybersecurity groups. According to NS3.AI, this decision follows pre-release tests that revealed thousands of zero-day vulnerabilities and an 84% exploit success rate on Firefox 147's JavaScript engine. Anthropic's comprehensive 244-page system card highlighted that many existing cyber benchmarks were no longer adequately informative and disclosed significant evaluation oversights discovered late in the testing process.

The U.S. Securities and Exchange Commission (SEC) has appointed David Woodcock as the new enforcement director, following the departure of Margaret Ryan. According to NS3.AI, SEC Chair Paul Atkins emphasized the importance of Woodcock's return during a pivotal period for the agency, as it intensifies efforts to address misconduct that significantly impacts investors. This leadership transition occurs amidst growing scrutiny from lawmakers regarding the SEC's approach to cryptocurrency cases, particularly after the agency recently dropped or dismissed several cases involving prominent crypto companies.

Nunchuk has introduced two open-source repositories under the MIT license aimed at enhancing Bitcoin agents. According to NS3.AI, these repositories include a wallet command-line interface (CLI) and an Agent Skills layer. The design incorporates shared custody and policy co-signing, allowing AI agents to manage routine tasks while users retain control over transactions that exceed predefined limits.

Bitcoin experienced a rebound after a two-week ceasefire led to a decrease in oil prices. According to NS3.AI, the odds of U.S. President Donald Trump being impeached before the end of his term were at 64% on April 7, as indicated by Polymarket. A similar contract on Kalshi showed a 67% probability during the same period. Prior to the ceasefire, President Trump's ultimatum to Iran on April 7 had driven Brent crude prices above $109 and WTI above $114 due to increased risks in the Strait of Hormuz. Following the truce, oil prices dropped significantly, and Bitcoin's value increased alongside declining Treasury yields and a rally in equities.

Shipowners are increasingly seeking insurance coverage to transit the Strait of Hormuz following the recent ceasefire between the United States and Iran. Bloomberg posted on X, highlighting that broker McGill and Partners reported a surge in 'huge volume requests' for insurance. The strategic waterway, crucial for global oil shipments, has been a focal point of geopolitical tensions. The ceasefire has prompted shipowners to secure their vessels against potential risks as they navigate this critical maritime route.

U.S. President Donald Trump has dismissed Iran's 10-point proposal, deeming it inadequate. According to NS3.AI, the White House announced that the proposal did not meet the necessary criteria for consideration. This rejection highlights ongoing tensions between the two nations as they navigate complex diplomatic relations.

Iran's parliamentary speaker has announced that three critical provisions of the 10-point proposal were violated before negotiations began. According to Odaily, these violations include the failure to adhere to the ceasefire terms in Lebanon, as highlighted by Pakistan's Prime Minister, who called for an immediate and comprehensive ceasefire in all regions, including Lebanon. Additionally, an invading drone entered Iranian airspace and was destroyed in Larestan, Fars Province, breaching the prohibition against further airspace violations. Furthermore, Iran's right to uranium enrichment, outlined in the framework's sixth article, was denied. These actions have undermined the 'practical conditions' intended as the basis for negotiations, making bilateral ceasefire or talks unreasonable.

The Speaker of the Iranian Parliament issued a statement saying that three key clauses of the 10-point proposal had been violated before negotiations even began. These include: 1. Failure to comply with the clause in the 10-point proposal regarding a ceasefire in Lebanon—which the Pakistani Prime Minister explicitly mentioned and declared to be a "comprehensive ceasefire effective immediately in all places, including Lebanon and other regions"; 2. The intrusion of a drone into Iranian airspace, which was destroyed in Lar, Fars province, clearly violating the clause prohibiting any further violations of Iranian airspace; and 3. Denial of Iran's right to enrich uranium, as included in Article 6 of the framework. Now, the "workable conditions" that should have served as the basis for negotiations have been blatantly and explicitly violated, even before negotiations began. Under these circumstances, implementing a bilateral ceasefire or conducting negotiations is unreasonable. (Jin Shi)

France's Budget Minister, David Amiel, stated that despite a larger-than-expected reduction in the deficit last year, it is too early to lower the deficit target. According to Jin10, Amiel addressed the Senate Finance Committee on Wednesday, noting that the deficit decreased from 5.8% in 2024 to 5.1% in 2025, partly due to one-time factors. He highlighted significant uncertainty regarding the macroeconomic impact of the ongoing conflict involving Iran in 2026. Amiel expressed a desire to achieve better results than the 5% target outlined in budget documents, provided economic conditions allow. However, given the current uncertainty in the Middle East, the target remains unchanged. French ministers plan to update economic and fiscal forecasts when submitting the fiscal plan to the EU on April 21. Economy and Finance Minister Bruno Le Maire, speaking alongside Amiel, emphasized that it is too early to determine how the rapidly evolving conflict will affect economic activity.

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