The Federal Reserve held rates steady but adopted a more hawkish tone in its projections. Meanwhile, geopolitical tensions eased slightly due to a US-Iran deal and a US-EU trade agreement.
Key Takeaways
- 1.The Federal Reserve maintained interest rates at 3.50-3.75% with a hawkish shift in guidance and projections.
- 2.The EU and US signed a trade agreement to reduce import duties, alleviating immediate escalation risks.
- 3.US and Iran signed an interim agreement to end conflict, including the reopening of the Strait of Hormuz.
Table of Contents
- From Circle One
- Thought of the day
- What to watch: 18 June
- Caught our attention
- Market update
- Global asset class preferences definitions
- Appendix
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Authors
Mark Haefele
Securities
S&P 500Brent Crude
Themes
Fed HawkishnessGeopolitical De-escalationEU Strategic Autonomy
Regions
North AmericaEuropeMiddle EastUnited StatesUnited KingdomIran