Jul 6, 2026 – 7.41amKey Posts13 mins ago — 7.38AMASX to fall as traders prepare for look inside Warsh’s Fed13 mins ago — 7.37AMGood morning14 mins ago — 7.36AMInvestors looking for shelter from AI storm are turning to IndiaGo to latestPinned post – 7.38AMGus McCubbingInvestors are eagerly awaiting the release of the minutes from the US Federal Reserve’s latest meeting to get their first look under the hood of the world’s most important central bank under new chairman Kevin Warsh to hunt for clues about how close it may be to increasing interest rates.Warsh’s hawkish comments last month at his first press conference as Fed chairman sent gold and copper prices down as the US dollar rallied on signals that policymakers would pursue tighter monetary policy.Bets on US rate hikes were pared back last week following the release of soft job numbers, along with a plunge in energy and petrol prices as the US and Iran engaged in peace talks.Oil prices, a key driver of inflation at the beginning of the US-Iran conflict, have seen their biggest quarterly slump since 2020 as tanker flows through the Strait of Hormuz recover.But Warsh has outlined he will not offer forward guidance on rate policy, meaning the release of minutes from the Fed’s latest meeting, due on Wednesday (Thursday AEST), gives the best guide to the direction of travel.“The market is trying to read the wind direction rather than being told where the storm is heading,” SPI Asset Management managing partner Stephen Innes. “That puts Wednesday’s Federal Reserve minutes at the centre of the week.”Meanwhile, futures point to the S&P/ASX 200 falling 0.2 per cent at the opening bell on Monday. This is after Australian shares, led by gold miners, surged 1.4 per cent on Friday to carve out a weekly gain of nearly 1 per cent after the weaker-than-expected US jobs data prompted investors to scale back bets on further US rate rises.In what is set to be a light week in terms of the market-moving Australian data, investors will keep an ear out for a speech given by Reserve Bank of Australia chief economist Sarah Hunter on Wednesday.Top storiesCarney pivots Canada back to oil and gas in net zero retreat | Canada’s prime minister has announced a new $45 billion pipeline project to help ramp up energy exports to Asia, as it triples its LNG production in the next decade.Khamenei’s mega funeral masks a bitter battle for Iran’s future | The Trump peace deal divides Iran’s regime into pragmatists willing to take cash and purists who fear a pact will shatter revolutionary ideals.AI use in dismissal claims borders on contempt of court, judge warns | The Federal Circuit Court has warned AI’s sycophantic tendencies make it “dangerous” after discovering a chatbot hallucinated dozens of pieces of evidence.Pauline Hanson heads to London for CPAC and Nigel Farage meeting | Hanson and James Ashby left on Sunday, and it will be her second time speaking at “CPAC Great Britain”, which reflects her rising star in the global conservative movement.Fetching latest articles