Fed Holds Steady but Dot Plot Turns Hawkish as Officials Signal Rate Hike Ahead.The Federal Reserve left its benchmark interest rate unchanged at 3.50-3.75% as widely expected, but the updated projections delivered a distinctly hawkish message. In a notably shorter post-meeting statement, policymakers acknowledged that economic activity continues to expand at a solid pace despite elevated uncertainty stemming partly from the Middle East conflict.

UK Inflation Remains Unchanged in May, Ahead of BoE's Policy Meeting.Inflation in Great Britain remained unchanged at 2.8% in May, against expectations for 3% rise, while core inflation, which excludes volatile food, energy, alcohol and tobacco components, rose slightly less than expected to 2.6% from 2.5% in April.

WTI stabilizes below $76 as markets assess the impact of US-Iran deal.WTI stabilizes below $76 as markets assess the impact of US-Iran deal

U.S. Dollar Gains Ground As Retail Sales Exceed Estimates: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY.The American currency is moving higher ahead of Fed Interest Rate Decision.

Brazil pushes for focused rural debt relief as Senate passes broad bill.Brazil's government backs a rural debt renegotiation program but wants it more targeted, the Finance Ministry ​said on Wednesday.

Trump: Says the Iran deal will open Strait of Hormuz.G7 leaders are thrilled we made a deal. The last night was brutal.

Russia Producer Price Index (YoY) up to 9.4% in May from previous 5.5%.Russia Producer Price Index (YoY) up to 9.4% in May from previous 5.5%

Russia Producer Price Index (MoM) declined to 2.5% in May from previous 6.1%.Russia Producer Price Index (MoM) declined to 2.5% in May from previous 6.1%

Fed and BoE to Hold Fire as Markets Search for the Next Signal.With rates set to remain unchanged this week on both sides of the Atlantic, investors are asking what will drive the next move: stubborn inflation, softer labour markets or changing central bank playbooks?

Banxico's Cuadra argues for further rate holds.Mexico Central ​Bank Deputy Governor ‌Gabriel Cuadra argued that the monetary ​authority should ​hold its benchmark interest ⁠rate further ​at 6.50% in ​light of a complex inflation outlook, he ​said in ​an interview published on ‌Wednesday.

Brent Oil – Bears May Take a Breather Above 200Dma.Brent fell over 15% in past four days, after the story about US-Iran peace agreement gained momentum, and neared levels it traded at the beginning of war.

U.S. Retail Sales Post a Solid Gain in May, and Not Just Due to Higher Prices.Retail and food services sales rose 0.9% month-over-month (m/m) in May, ahead of consensus expectations for a 0.5% gain. Higher prices were once again part of the story but not all of it, with inflation-adjusted retail and food services sales up 0.4% m/m.

New Zealand Dollar weakens ahead of Fed decision as confidence hits lowest since 2023.New Zealand Dollar weakens ahead of Fed decision as confidence hits lowest since 2023

United States Pending Home Sales (YoY): 4.8% (May) vs 3.2%.United States Pending Home Sales (YoY): 4.8% (May) vs 3.2%

United States Pending Home Sales (MoM) above forecasts (0.8%) in May: Actual (3.8%).United States Pending Home Sales (MoM) above forecasts (0.8%) in May: Actual (3.8%)

United States Business Inventories meets expectations (0.5%) in April.United States Business Inventories meets expectations (0.5%) in April

The BoJ just hiked to 1.0%. Why is the Japanese Yen still falling?.The BoJ just hiked to 1.0%. Why is the Japanese Yen still falling?

Crude Oil Price Analysis – Crude Oil Trying to Bounce on Wednesday.Crude oil looks like it might be ready to do a little bit of a bounce on Wednesday, as we are oversold to say the least. At this point, it will be about the headlines coming out of the Middle East.

“A repeat of 2022's inflation problems appear less likely”: ECB's Sleijpen lowers temperature.“A repeat of 2022's inflation problems appear less likely”: ECB's Sleijpen lowers temperature

Natural Gas Price Analysis – Natural Gas Drops on Wednesday.Natural gas drifts a little bit lower in early Wednesday trading, as we continue to see a bulge of supply in the storage tanks.

G7 leaders' statement reaffirms commitment to G7 exchange rates.A joint statement issued by ​the leaders of the G7 ‌group of the world's richest nations, meeting in France, pledged ​to stick to ​existing G7 exchange rate commitments, ⁠amid financial market turbulence ​linked to volatile oil ​prices.

Fed Day Arrives: Dot Plot Holds the Key as Markets Await Warsh's Debut.Markets are entering the Federal Reserve decision with remarkably little uncertainty about what policymakers will do, but considerable uncertainty about what they will signal next. The first FOMC meeting under Kevin Warsh as Chair is widely expected to deliver an unchanged federal funds rate at 3.50%-3.75%, with little chance of dissent.

UK Data To Disrupt Outlook Ahead Of BOE Meeting.There is a near-unanimous consensus that the BOE will keep rates unchanged at the end of its meeting on Thursday. However, there are several key data points coming out the day before and just hours ahead that could change the outlook on the decision.

Canadian Dollar holds near recent lows as Oil slump, Fed outlook weigh.Canadian Dollar holds near recent lows as Oil slump, Fed outlook weigh

United States Dollar: Fed policy shifts and rate path – ABN AMRO.United States Dollar: Fed policy shifts and rate path – ABN AMRO

US Retail Sales Surge 0.9% in May, Signaling Resilient Consumer Demand.US retail sales rose 0.9% mom to USD 763.7B in May, comfortably exceeding expectations of 0.5% mom and accelerating from the previous month's 0.4% mom. The gain suggests that consumer spending remained resilient despite elevated inflation, high borrowing costs and growing uncertainty over the economic outlook.

Canada new housing price index for May -0.3% versus -0.4% last month.For traders, the NHPI is generally a second-tier economic indicator. A stronger reading can be modestly supportive of the Canadian dollar, while a weaker reading may point to softness in the housing market and broader economy.

Euro retreats below 1.1600 with Kevin Warsh and the Fed in the spotlight.Euro retreats below 1.1600 with Kevin Warsh and the Fed in the spotlight

investingLive European markets wrap: Calm and steady awaiting the Fed.It was a relatively quiet session as we see a change of pace in markets, with a calmer mood following the US-Iran framework agreement earlier this week.

Japanese Yen: Short positions favoured on dovish Fed risk – Societe Generale.Japanese Yen: Short positions favoured on dovish Fed risk – Societe Generale