"Market Volatility Expected as Fed Minutes Reveal Pause-and-Hike Message"
Investors are eagerly awaiting the release of the Federal Open Market Committee (FOMC) meeting minutes for June, which will provide insights into the Federal Reserve's intentions regarding interest rate hikes. The minutes are expected to confirm the consensus for two more rate hikes in response to persistent core inflation. The market currently does not fully anticipate these rate hikes, and if the minutes reveal a broad consensus for two or more rate hikes, market volatility may resume as investors reprice the new context. This could lead to short-term Treasury yields rising, which would be positive for the dollar but negative for stocks.