US Stock Market: Warsh faces crucial week with court ruling, global debut in focus

The US Supreme Court is expected to rule as early as Monday on whether President Trump can remove Federal Reserve Governor Lisa Cook, a case seen as a critical test of central bank independence that has implications for Fed Chair Warsh's tenure. Financial markets are increasingly pricing in potential interest rate hikes after the Fed's preferred inflation measure remained above its 2% target in May, contrasting with Trump's continued calls for lower borrowing costs. Warsh is also set for his first major international test at the ECB's annual forum in Sintra, Portugal, where he has signaled a shift away from explicit forward guidance on future rate decisions.