Fed Chair Kevin Warsh Signals Policy Overhaul as Hawkish Rate Outlook Rattles Markets 
South Korea Warns Won Is Undervalued, Boosts FX Coordination With Japan 
US Stock Futures Hold Steady Ahead of June Jobs Report as Fed Rate Outlook Remains in Focus 
Asian Stocks Rebound as Tech Shares Rally on Fed Rate Cut Hopes and Easing Iran Tensions 
BOJ Signals More Rate Hikes as Inflation Risks Rise Amid Energy Price Pressures 
Malaysia Central Bank Moves to Support Ringgit Amid Foreign Fund Outflows 
Supreme Court Backs Lisa Cook, Defends Federal Reserve Independence Against Trump Firing Attempt 
Denmark Central Bank Intervenes to Support Krone Peg Against Euro 
US Resumes Dollar Shipments to Iraq After Months-Long Suspension 
RBA Minutes Signal Australia Central Bank Remains Ready to Raise Interest Rates if Inflation Persists 
Asian Currencies Stay Under Pressure as Dollar Holds Near 13-Month High Ahead of U.S. Jobs Report 
JPMorgan Cuts Gold Price Forecast, Sees Bullion Reaching $4,500 by End of 2026 
The financial market participants are cautious on today’s speech by Lael Brainard, a member of the Federal Reserve board of Governors. Some newswire and analysts go ahead in calling it this year’s most closely watched speech from a Federal Reserve Governor, other than Chair Janet Yellen’s. She is scheduled to speak at the Chicago Council on Global Affairs on the economic outlook and monetary policy at 13:15 ET or around 17:00 GMT. She is popularly known for her dovish remarks and caution towards interest rate increase.
Her speech was not formally scheduled until last Thursday, which has led to the speculation that she might change her usual tone as it would be Federal Reserve’s last chance to prepare the market for a rate hike next week at the FOMC meeting.
With so much speculation, it is best to prepare for some high volatility surrounding the speech.
