📆 Tuesday, June 20
► U.S. equity, bond, and FX markets were closed for Juneteenth on Monday, but stock futures began the week with a dip.
► Federal Reserve Chair Jerome Powell is due to present his semi-annual report to Congress on Wednesday (June 21). The Federal Reserve maintained interest rates in their last meeting but hinted at possible tightening in the future.
► The US Fed predicts higher borrowing costs of 5.6% in 2023, suggesting two more 25 basis-point rate before the year ends.
► US Treasury yields rose after the break from trading on Monday. Oil prices dropped as China's economic support measures were perceived as insufficient to rekindle demand.
Subscribe to see more
