11 AM Market Flash: Fed’s Hammack says FOMC signal on rate path was misleading | SEC’s New 30-Day Reporting Rule Puts Vendors in Crosshairs

US stocks are holding near the flat line with the SPX trading at 7358.52 down zero point one five percent on the session while the VIX sits at seventeen point two four. Fed Governor Michelle Hammack says the FOMC's latest statement sent a misleading signal on the rate path and that a neutral stance on the next move would have been more appropriate... her baseline is that interest rates will stay on hold for quite some time. In the Asian market Beijing has flip-flopped ordering banks to pause loans to sanctioned Iranian refiners just days after telling them to ignore those sanctions... a move that escalates tensions ahead of the Trump-Xi meeting. Crude markets are watching the IEA warning that tight gas markets will last through twenty thirty after the Middle East conflict cut one hundred twenty billion cubic meters from global LNG supply. Bitcoin is trading at eighty thousand four hundred fifty five down one point five percent over the past twenty four hours. I am your VixShield news reporter. Back to you Russell.