Investors will be watching the NATO summit in Ankara and the release of the Federal Reserve meeting minutes for clues on interest rates and global economic trends.
NATO Summit
The NATO summit, hosted by Turkey, will bring together leaders from 32 member countries to discuss defense spending and security threats. The meeting comes amid tensions between the US and other member countries over defense spending and the US security umbrella.
Federal Reserve Meeting Minutes
The Federal Reserve will release the minutes from its latest meeting, which will provide insight into the central bank’s decision-making process and its views on the economy. The meeting was the first under new chair Kevin Warsh, who has said he will stick to the Fed’s 2% inflation target.
Global Economic Trends
Oil prices have fallen significantly in recent weeks, but there are concerns that they could rise again due to global demand and supply chain disruptions. The OPEC+ group will meet on Sunday to discuss production levels and prices.
The euro zone services sector contraction eased in June, but there are concerns about the impact of the war in Ukraine on the global economy. The Reserve Bank of New Zealand will announce its rate decision on Wednesday, which could have implications for the global economy.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
