A high-stakes week ahead for commodities as Red Sea risks and Fed policy collide

Liked this AI Summary? Join our AI Workshop A week (ended July 24) that began with tentative diplomatic signals ended with the conflict spreading to a second global shipping corridor, a sharp rise in July Fed rate-hike odds, and an extended crude price rally, leaving commodity markets to navigate one of their most complex risk environments in months. The dollar held firm above 101 through most of the week, pushed higher by a sharp jump in Fed rate hike expectations as oil’s renewed surge reignited inflation concerns. CME FedWatch data showed July hike odds rising to 34 percent from 12…