Newly appointed Fed Chair Kevin Warsh is presiding over his first FOMC meeting on June 16-17, with markets expecting interest rates to remain unchanged due to persistent inflation and labor market resilience. Concurrently, the Bank of Japan raised rates to a three-decade high, while the US dollar index hovered near a 10-day low as risk appetite improved. Reports of a preliminary US-Iran peace agreement further helped calm oil markets and softened the dollar's strength during the meeting period.
