The Fed's hawkish vote and the failure of oil prices to support the dollar are key developments.

The entities involved

• Dollar →

  Nothing else this week.

• Brent →
  • ECB chair signals readiness to raise rates as potential attacks in Yemen drive oil price spikes and market risk-off.Mon 17:39
  • US-Iran truce aims to reopen Strait of Hormuz amid global monetary policy shifts and oil price drops.Mon 17:37
• FED →

  business

  • Iran closed the Strait of Hormuz, halting petroleum liquids movement and raising inflation concerns, which Donald Trump views as a potential solution.Mon 16:16
  • BEA reported PCE price index data while Trump argued for lower borrowing costs amid oil price spikes from the Iran war.Mon 16:13
• Neel Kashkari →

  President/CEO Federal Reserve Bank of Minneapolis

  • Economic figures, including Musalem, Cook, and Kashkari, expressed concern over inflation being above target.Fri 11:27

Related events

• Low oil prices are causing the Fed to consider policy shifts, which are supporting the Eurozone economy.Aug 6
• Market concerns eased following an agreement to halt attacks, while the Japanese government prepares to intervene in the currency market.Jun 30
• Fed policy and Yen collapse signal global monetary change.Aug 6
• The GPIF, BOJ, and global markets are intertwined as the GPIF adds to the BoJ's repricing amid geopolitical risks in the Middle East and Brent oil price movements.Sep 3
• Fed must remove implicit easing bias, BoJ must sound hawkish, and RBNZ shifts policy path to aggressive hikes.Jun 7