{"id":59478,"date":"2026-03-06T09:38:40","date_gmt":"2026-03-06T13:38:40","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/global-markets-retreat-as-israel-strikes-tehran-feds-waller-signals-data-dependent-march-meeting\/59478\/"},"modified":"2026-03-06T09:38:40","modified_gmt":"2026-03-06T13:38:40","slug":"global-markets-retreat-as-israel-strikes-tehran-feds-waller-signals-data-dependent-march-meeting","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-retreat-as-israel-strikes-tehran-feds-waller-signals-data-dependent-march-meeting\/59478\/","title":{"rendered":"Global Markets Retreat as Israel Strikes Tehran; Fed\u2019s Waller Signals Data-Dependent March Meeting"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_83 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-retreat-as-israel-strikes-tehran-feds-waller-signals-data-dependent-march-meeting\/59478\/#Key_Takeaways\" >Key Takeaways<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-retreat-as-israel-strikes-tehran-feds-waller-signals-data-dependent-march-meeting\/59478\/#Middle_East_Escalation_Rattles_Global_Markets\" >Middle East Escalation Rattles Global Markets<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-retreat-as-israel-strikes-tehran-feds-waller-signals-data-dependent-march-meeting\/59478\/#Waller_Puts_March_Fed_Meeting_on_%22Coin_Flip%22\" >Waller Puts March Fed Meeting on &quot;Coin Flip&quot;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-retreat-as-israel-strikes-tehran-feds-waller-signals-data-dependent-march-meeting\/59478\/#Trump_Meets_Defense_CEOs_Amid_1_Trillion_Spending_Pledge\" >Trump Meets Defense CEOs Amid $1 Trillion Spending Pledge<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-retreat-as-israel-strikes-tehran-feds-waller-signals-data-dependent-march-meeting\/59478\/#Energy_Security_and_Global_Supply_Chains\" >Energy Security and Global Supply Chains<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-retreat-as-israel-strikes-tehran-feds-waller-signals-data-dependent-march-meeting\/59478\/#Geopolitical_and_Historical_Milestones\" >Geopolitical and Historical Milestones<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Key_Takeaways\"><\/span>Key Takeaways<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Israeli military strikes on Tehran and Isfahan<\/strong> trigger a sharp sell-off in global equities, with U.S. futures down as much as <strong>0.9%<\/strong>.<\/li>\n<li><strong>Fed Governor Christopher Waller<\/strong> describes the upcoming March interest rate decision as a &quot;coin flip,&quot; emphasizing that today&#39;s labor market data will be the deciding factor.<\/li>\n<li><strong>President Trump and Secretary Hegseth<\/strong> convene with defense industry CEOs at the White House to discuss expedited production as Middle East tensions reach a boiling point.<\/li>\n<li><strong>EU Energy Commissioner Dan Jorgensen<\/strong> warns of global market volatility stemming from the Iran conflict but maintains that the EU is better prepared than during the 2022 crisis.<\/li>\n<li><strong>Indian Oil (<a href=\"\/stock\/IOC\">IOC<\/a>)<\/strong> moves to calm domestic fears, rejecting reports of fuel shortages and urging motorists to avoid panic-buying at stations.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Middle_East_Escalation_Rattles_Global_Markets\"><\/span>Middle East Escalation Rattles Global Markets<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>U.S. equity futures tumbled on Friday morning following reports that the <strong>Israeli Military<\/strong> has launched a new wave of strikes on targets in <strong>Tehran and Isfahan<\/strong>. <strong>Nasdaq 100 Futures (<a href=\"\/stock\/QQQ\">QQQ<\/a>)<\/strong> led the decline, dropping <strong>0.9%<\/strong>, while <strong><a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a> Futures (<a href=\"\/stock\/SPY\">SPY<\/a>)<\/strong> and <strong>Dow Futures (<a href=\"\/stock\/DIA\">DIA<\/a>)<\/strong> both shed <strong>0.7%<\/strong>.<\/p>\n<p>The strikes mark a significant escalation in the regional conflict, with security sources also reporting a drone attack on the headquarters of the <strong>Iranian Kurdish opposition<\/strong> in Erbil, Iraq. <em>Market participants are increasingly concerned that the disruption of shipping through the Strait of Hormuz will lead to a sustained spike in global energy prices.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Waller_Puts_March_Fed_Meeting_on_%22Coin_Flip%22\"><\/span>Waller Puts March Fed Meeting on &quot;Coin Flip&quot;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Federal Reserve Governor <strong>Christopher Waller<\/strong> stated today that the central bank&#39;s March meeting could go &quot;either way&quot; depending on the strength of incoming economic data. Waller expressed skepticism regarding January\u2019s hiring surge, noting it was concentrated in a few sectors and is <strong>&quot;almost certain&quot;<\/strong> to be revised downward.<\/p>\n<p>&quot;Solid jobs numbers today would say the Fed can sit and wait,&quot; Waller remarked, while questioning why the Fed would &quot;sit on its hands&quot; if the labor market shows signs of turning a corner. <em>His comments suggest a high degree of data dependency as the FOMC balances a cooling labor market against persistent tariff-driven price risks.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Trump_Meets_Defense_CEOs_Amid_1_Trillion_Spending_Pledge\"><\/span>Trump Meets Defense CEOs Amid $1 Trillion Spending Pledge<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>President Trump<\/strong> and Defense Secretary <strong>Pete Hegseth<\/strong> are scheduled to meet with the CEOs of major defense companies today at the White House. The meeting aims to expedite production as the administration moves forward with a <strong>$1 trillion military spending commitment<\/strong> for 2026.<\/p>\n<p>Expected attendees include leadership from Lockheed Martin (<a href=\"\/stock\/LMT\">LMT<\/a>), RTX Corporation (<a href=\"\/stock\/RTX\">RTX<\/a>), and Northrop Grumman (<a href=\"\/stock\/NOC\">NOC<\/a>). The discussion is likely to focus on replenishing domestic stockpiles and addressing the urgent hardware demands created by the intensifying war in the Middle East.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Energy_Security_and_Global_Supply_Chains\"><\/span>Energy Security and Global Supply Chains<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>EU Energy Commissioner <strong>Dan Jorgensen<\/strong> addressed the impact of the Iran conflict, noting that global market effects are a &quot;problem for the EU.&quot; However, Jorgensen emphasized that the bloc is better prepared than in 2022, citing a continuous dialogue with the U.S. to increase <strong>LNG<\/strong> supplies in the future.<\/p>\n<p>In India, <strong>Indian Oil (<a href=\"\/stock\/IOC\">IOC<\/a>)<\/strong> issued a statement rejecting reports of petrol and diesel shortages. The company urged motorists not to panic or crowd fuel stations, asserting that supply chains remain functional despite the geopolitical volatility affecting international crude markets.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Geopolitical_and_Historical_Milestones\"><\/span>Geopolitical and Historical Milestones<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In other developments, U.S. Envoy <strong>Witkoff<\/strong> confirmed that <strong>Ukraine and Russia<\/strong> carried out a prisoner exchange involving <strong>1,000 individuals<\/strong> this week. The exchange represents a rare moment of diplomatic coordination amidst the broader global instability.<\/p>\n<p>Finally, the Federal Reserve is celebrating the <strong>100th birthday of Alan Greenspan<\/strong>, the 13th chairman who guided U.S. monetary policy for over 18 years. The Fed described itself as &quot;rationally exuberant&quot; to honor the former chairman, whose tenure spanned four different presidential administrations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Israeli military strikes on Tehran and Isfahan trigger a sharp sell-off in global equities, with U.S. futures down 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