Investors await possible US-Iran deal and Fed rate decision
All eyes are on the Federal Reserve ahead of its first interest rate decision due under its new chair. Markets are largely expecting rates to be kept on hold, but what new chair Kevin Warsh says about the economy, and any signs of the future direction of travel, will be pored over by investors.
This comes as the international price of oil has fallen amid reports that some flows have resumed through the Strait of Hormuz, as the signing of a US-Iran deal nears. But as President Trump warns the US could revert to 'dropping bombs' if he does not like the deal, uncertainty abounds.
