Morning Brief: Awaiting the Fed's take on a fraught moment

Economic Overview - The US economy is described as strong yet delicate, with concerns about growth and inflation rising due to the ongoing Iran conflict [2][6][9] - Recent labor market data has provided the Federal Reserve with some flexibility to address persistent inflation issues, but the new oil shock complicates the situation [9] Corporate Developments - Micron Technology is set to report quarterly results, which will be closely monitored by investors [3] - Delta Airlines has raised its revenue guidance, indicating strong demand that is currently offsetting rising fuel prices [6] - Nebius stock has plummeted following deals involving Meta and Nvidia, with the company announcing plans to raise $3.75 billion in debt, negatively impacting investor sentiment [7] Market Trends - Oil prices have surged again, with Brent crude surpassing the $100 mark due to tensions in Iran affecting energy infrastructure [7] - Bitcoin has demonstrated resilience, outperforming gold and stocks, indicating a shift in investor sentiment towards cryptocurrencies [8] Industry Innovations - Oklo has reached an agreement with the Department of Energy to open its first small modular reactor, which is anticipated to contribute to the expansion of nuclear power in a more cost-effective and efficient manner [5]