Iran & United States — Federal Open Market Committee

Iran: Renewed US-Iran hostilities drive oil prices higher, adding to inflation and complicating Fed policy.

United States — Federal Open Market Committee: FOMC meeting this week expected to be contentious with potential dissents on rate decision.

Iran: Iran's ongoing conflict with the United States and Israel, and its control of the Strait of Hormuz, has significantly impacted oil prices and global inflation concerns. Hopes for a peace deal with the United States have influenced market sentiment regarding oil supply.

United States — Federal Open Market Committee: The United States — Federal Open Market Committee's upcoming meeting and the low probability of a rate hike are being discounted by the markets, reflecting expectations for monetary policy.

Iran: The preliminary U.S.-Iran peace deal is expected to reduce energy prices, moderating inflation pressures.

United States — Federal Open Market Committee: The FOMC left rates unchanged in June but signaled potential future rate hikes to combat inflation.

Iran: The Iran war is a supply shock that could keep energy prices elevated, complicating the Fed's disinflation efforts.

United States — Federal Open Market Committee: The committee's decision to hold rates steady, despite dissents, indicates a divided stance. Its future actions will be closely watched by markets.

Iran: The Iran war's impact on gas prices previously contributed to inflation in the United States, but a recent peace agreement suggests a moderation in these inflationary pressures.

United States — Federal Open Market Committee: The FOMC will receive recommendations from the task forces and may implement changes to monetary policy.