On the Wall Street next week, investors’ major focus will be on the release of the results for the Federal Reserve's annual stress tests of banks. As the Federal Reserve contemplates new rules tied to Basel III Endgame, the bigger changes for banks are likely to come later, said analysts. Next week, investors will also be watching for more data on the economic front, including key inflation data on Friday, as the second quarter comes to an end. Federal Reserve chairman Jerome Powell in his Congressional testimony had signaled more interest rate hikes ahead but vowed that the central bank would proceed with caution. Gold for August delivery rose $5.90 to $1,929.60 an ounce on Friday.

Source: Mint June 25, 2023 21:00 UTC