From Warsh's Fed debut to US-Iran peace deal: What investors need to watch this week

A packed global calendar awaits investors featuring the Federal Reserve's first policy meeting under new Chair Kevin Warsh (rates expected unchanged), an expected Bank of Japan rate hike, and a G7 summit in France dominated by Middle East and Ukraine geopolitical issues. A US-Iran framework peace deal aimed at reducing Gulf tensions has already pushed oil prices sharply lower, while US consumer inflation accelerated to a three-year high in May driven by energy prices linked to Middle East tensions.