Morning Bid: Inflation test focuses Fed row

Market Overview - The market's modest reaction to threats against Federal Reserve independence is attributed to a flood of information impacting investors, with inflation and corporate earnings updates expected soon [1][6] - Wall Street stocks remain at record highs despite a chaotic news environment since the start of the year, indicating strong investor confidence [2][7] Central Bank Developments - Global central bank officials are preparing a coordinated statement to support U.S. Federal Reserve Chair Jerome Powell, emphasizing the importance of independent central banking [3] Corporate News - UBS CEO Sergio Ermotti, who led the emergency takeover of Credit Suisse, is set to step down in April 2027 [4] - U.S. President Donald Trump announced that countries engaging in trade with Iran will face a 25% tariff on their trade with the U.S., potentially impacting international business relations [4] Economic Indicators - Crude oil prices have reached their highest levels in nearly two months due to rising tensions in Iran, while Japan's yen and bonds have declined amid speculation of snap elections [2][7]