Fed Chair Kevin Warsh said he is open to new data sources.

Oraclum Capital CIO Vuk Vukovic says the market’s immediate focus is political risk rather than inflation or rates. He notes the new Fed chair took office amid accelerating inflation—CPI 4.2%, PPI 6.5%—which constrains the Fed’s room to deliver any previously promised rate cuts. Recent easing in geopolitical tensions, notably a thaw in US‑Iran pressures that has pushed oil prices lower, gives the chair breathing room. Vukovic does not expect hawkish signals at this meeting and judges a dovish opening is the most likely path. If the chair abandons rigid forward guidance, markets will shift to other signal sources—trade, foreign policy and fiscal measures will gain weight. Whether that communication approach succeeds will be the new chair’s first major test.

June 17, 2026 — Shenwan Hongyuan chairman Liu Jian said expanding cross-border investment between Shanghai and Hong Kong will reinforce both cities’ international financial center status and accelerate China’s development as a financial power. He said building a top-tier international financial center requires top-tier investment banks and called on securities firms, as core capital-market intermediaries, to pursue four roles in parallel: organiser of cross-border integrated financial services, provider of RMB internationalisation products and services, promoter of international pricing for Chinese assets, and connector of the Belt and Road financial ecosystem. He urged securities firms to adopt a more proactive, professional role in Shanghai–Hong Kong coordination.