The Fed releases June FOMC minutes today after new chair Kevin Warsh offered no forward guidance at his first press conference; the median 2026 rate projection jumped to 3.8% from 3.4% in March, with nine of eighteen members open to a hike this year.
US goods and services trade deficit widened to $77.6 billion in May, its largest gap in 14 months as capital goods imports hit a record high ahead of FOMC minutes. Source
