The Federal Reserve maintained interest rates at the 4.25% – 4.5% range as of last week. However, the U.S. executed a surprise strike on three Iranian nuclear sites on Saturday, prompting Iran to launch missiles at a U.S. base in Qatar without reported damage.
Oil prices are under scrutiny due to potential inflationary impacts globally, which could influence central banks’ interest rate decisions. Key reports to monitor this week include the University of Michigan’s Consumer Sentiment Index and the Personal Consumption Expenditures (PCE) Index, vital for understanding inflation trends.
