Comments from the Dallas Fed President:Was quite challenging to do most recent round of Fed forecastsSwift war resolution may mean economic impact might be pretty moderatePolicy is positioned to respond to data, Fed prepared to make adjustments as neededUS has some buffers to impacts from the warKey question is if war disruptions induce investment in US energy productionEnergy producers appear to need extend higher prices to boost productionI am not hearing we will see 'dramatic' US energy production increase so farThere has been a big turnaround in markets as there is some sense of a TACO coming. I flagged the bond market seeing this first and now it's spreading. There is a sense that someone out there is trading on insider war information.In real news, IRNA reports that Iran has drafted a protocol with Oman for traffic in the Strait of Hormuz and that could be helping as well. This article was written by Adam Button at investinglive.com.