The drive to avert a broader regional conflict also resulted in a decline in oil prices.
Oil prices stayed flat after dropping more than 1% Monday as Washington reportedly eased restrictions on Venezuelan crude.
Biden will meet Netanyahu on Wednesday, and will also see Jordanian King Abdullah II, Palestinian leader Mahmud Abbas and Egyptian President Abdel Fattah al-Sisi in hopes of finding a way to de-escalate a crisis that threatens the stability of the region. Most of Asia took up the baton Tuesday, with Tokyo, Hong Kong, Sydney, Seoul, Singapore, Taipei and Manila all positive.
Philadelphia Fed chief Patrick Harker said it would be appropriate to be “resolute, but patient” and that only a sharp change in data would warrant another hike, while his Chicago colleague Austan Goolsbee told the FT that slowing inflation was not a blip.
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