U.S.-Iran tensions revive Fed tightening bets as Wall Street watches CPI and policy remarks

News Editor

2026-07-11 11:37:09

U.S.-Iran tensions escalated sharply this week, according to Jinshi via ChainCatcher, with reciprocal strikes breaking a fragile ceasefire that had held for about three weeks. The move pushed oil prices higher, adding to inflation concerns and reviving market expectations that the Federal Reserve could keep policy tight. At the same time, U.S. equities largely brushed off the geopolitical backdrop. The S&P 500 moved close to a record high, while the Nasdaq posted a second straight weekly gain as enthusiasm around the AI trade returned. In corporate news, SK Hynix ADR jumped 13% on its first trading day, and its $26.5 billion fundraising made it the largest foreign-company IPO by proceeds in U.S. stock market history. Looking ahead, Wall Street is set to focus on developments in the U.S.-Iran situation, U.S. inflation data including June CPI and core CPI, and a packed slate of remarks from Federal Reserve officials. Markets are also watching Fed Chair Wosh’s congressional testimony for clues on the rate outlook, though the report said expectations for clear forward guidance remain limited given his stance on removing such guidance.

U.S.-Iran tensionsFederal ReserveCPIWall StreetOil pricesPolicy RegulationMacro data

U.S.-Iran tensions escalated sharply this week, according to Jinshi as cited by ChainCatcher. Reciprocal strikes broke a fragile ceasefire that had lasted about three weeks, while higher oil prices added inflation pressure and revived expectations that the Federal Reserve may tighten policy.

U.S. stocks, however, largely looked past the geopolitical uncertainty. The S&P 500 moved close to a record high, and the Nasdaq logged a second consecutive weekly gain as the AI trade regained momentum.

In the equity market, SK Hynix ADR surged 13% on its first trading day. Its $26.5 billion fundraising total made it the largest foreign-company IPO by proceeds in U.S. stock market history.

What Wall Street is watching next week

Next week, investors will track the U.S.-Iran situation, U.S. CPI and other economic releases, as well as remarks from Federal Reserve officials. The report said markets are especially focused on whether Fed Chair Wosh will offer more clues on the rate path during congressional hearings, although hopes for detailed guidance appear limited because of his determination to drop forward guidance.

Macro calendar for next week

Monday

Federal Reserve Governor Christopher Waller speaks

Tuesday

U.S. weekly ADP employment change for the week ending June 27
U.S. June CPI and core CPI
Fed Chair Wote appears before the House Financial Services Committee for the Semiannual Monetary Policy Report hearing

Wednesday

2027 FOMC voter and Chicago Fed President Austan Goolsbee joins a fireside chat
U.S. June PPI and core PPI
Permanent FOMC voter and New York Fed President John Williams speaks
Fed Chair Wosh appears before the Senate Banking, Housing, and Urban Affairs Committee for the Semiannual Monetary Policy Report hearing
The Federal Reserve releases the Beige Book

Thursday

U.S. initial jobless claims for the week ending July 11
U.S. June retail sales m/m
U.S. July Philadelphia Fed manufacturing index
2026 FOMC voter and Dallas Fed President Logan speaks
Fed Vice Chair Jefferson speaks on the economy and monetary policy

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.

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