Global central banks shift policy stance due to Iran war; US economy resilient; FOMC meeting with new Chair Warsh; PCE data due; oil above $78 after strikes; Bitcoin drops below $63k
Key Questions
What is expected from the upcoming FOMC meeting?
The FOMC is expected to hold interest rates steady during its meeting this week under new Chair Warsh. The focus includes new PCE inflation data and Warsh's five-front reform plan.
What is the current level of US inflation?
US inflation stands at 4.2%, reaching a three-year high despite the resilient economy. New PCE and CPI data releases are due this week.
How has the Iran conflict affected oil prices and growth forecasts?
Oil prices have risen above $78 per barrel after fresh US strikes and the ceasefire reversal. The World Bank has slashed global growth forecasts to 2.5% due to the resulting oil shock.
What policy shifts are global central banks making?
Global central banks are adjusting stances in response to the Iran war and oil shock. The Fed under Warsh is implementing broader reforms while monitoring inflation.
How are Bitcoin and markets performing amid these developments?
Bitcoin has dropped below $63k due to Iran tensions, though ETF inflows turned positive for the first time in nine weeks. Markets are also watching bank earnings and M&A activity hitting record levels.
FOMC meeting this week; expected to hold rates. Fed's Warsh activated five-front reform plan. New PCE inflation data due today. US economy resilient but inflation at 4.2% (3-year high). Oil price above $78 after Trump's ceasefire reversal and fresh strikes. World Bank slashed global growth to 2.5% due to oil shock. Global M&A hits record $2.7T in H1 2026. Market preview: CPI data, Warsh testimony, bank earnings. Bitcoin dropped below $63k on Iran tensions but ETF inflows turned positive for first time in nine weeks.