S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
The Federal Reserve is widely expected to leave the federal funds rate unchanged at 3.50%–3.75% for a fifth consecutive meeting in July 2026. However, the decision remains a close call, with markets assigning nearly a 30% probability to a rate hike. Policymakers continue to navigate heightened uncertainty driven by renewed tensions between the US and Iran and elevated oil prices, even as inflation has come in softer than expected and the labor market has remained resilient. US inflation eased to 3.5% in June, marking its first decline in five months. Investors will closely monitor both the voting split which has highlighted growing divisions within the Federal Reserve, and Chair Warsh’s second press conference for clues about the likelihood of a rate hike in September. Markets are currently pricing in roughly a 77% probability of an increase at that meeting. Chair Warsh has repeatedly emphasized that restoring price stability remains the Federal Reserve’s foremost priority.
