Fed Minutes Flag Iran Risks; Trump Pauses Tariffs Triggering S&P 9.52% Surge

Fed March 2026 minutes released April 8 highlight two-sided risks to inflation and employment from Iran conflict, with federal funds rate held at 3.5-3.75%. President Trump announced April 11 a 90-day pause on 10% Liberation Day tariffs, sparking S&P 500s 9.52% gain, largest since 2008. US-Iran talks set for April 10 in Pakistan may steady oil prices and trade routes.