I'm like the once a year alarm clock that buzzes on the April 15th

tax deadline today. I'm David Brancaccio. First, stock index features are up

this morning after the S&P fell.

One and a half were sent on Friday, the biggest one day drop since January.

Yes, there's concern inflation and therefore interest rates aren't falling faster,

but a key concern was the Middle East.

Economist Julia Coronado is founder and president of macro policy perspectives.

The notion of an imminent attack on Israel from Iran was leading to a classic flight to safety

stocks down, bonds up, so bond yields down oil up and now we're seeing a little bit of a relief trade coming in this morning as things

Maybe weren't as bad as people worried about. Yeah, the benchmark for crude oil is down quite a lot in New York as we speak.

Also the interest rate, setter and chief Jerome Powell, the Fed, he speaks I think the

International Monetary Funds has its meetings this week.

That's right the IMS will be gathering to discuss the outlook for the global economy

so we're going to hear from Chair Powell and a whole lot of other Central Bankers and

economic policy makers as they mull over what's next for the global economy.

Yeah, I mean I was watching Europe their inflation is going in the right direction, i.e. down. Yes, most countries inflation continues to make progress even as our recent data has been a little bit discouraging and most central banks are on track for a rate cut probably

this summer early summer probably around June the Fed is the one the outlier right now pushing things back.

That pesky stronger economy of ours.

Economist Julia Coronado is also a professor at the University of Texas Austin.

Thank you.

My pleasure. Crude oil is down 8 tenths of a

percent at $85 a barrel now. Dow S&B and NASDAQ futures are all up six

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