Global Tensions Steady As Fed Minutes Loom

Near-term event risk centers on today’s FOMC minutes, which could clarify the Fed’s internal policy divide and shape expectations around the timing and scale of rate cuts priced into 2026.

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Global markets remain focused on contained geopolitical tensions—from China–Taiwan military drills to ongoing Ukraine peace negotiations—while navigating diverging central bank paths, mixed economic data, and resilient equity performance across Asia and parts of Europe. Near-term event risk centers on today’s FOMC minutes, which could clarify the Fed’s internal policy divide and shape expectations around the timing and scale of rate cuts priced into 2026.

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