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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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.