Federal Reserve Chairman Warsh: Easing geopolitical risks may influence interest rate decisions

According to CryptoBriefing, as reported by Techub News, Federal Reserve Chairman Kevin Warsh will chair the first FOMC meeting on June 17-18, and the market expects him to keep interest rates unchanged. With the US and Iran reaching a preliminary agreement on oil shipments through the Strait of Hormuz, easing geopolitical risks led to a roughly 5% drop in oil prices this week, alleviating inflation concerns. Analysts point out that lower energy costs typically reduce the probability of interest rate hikes, thereby increasing the attractiveness of risk assets. Currently, about 97% of traders expect no rate hike at this meeting, but caution that there is a gap between a preliminary agreement and formal implementation, and oil prices could rebound if negotiations break down.