The Fed outlook remains in focus as the latest FOMC minutes showed that inflation risks still dominate the policy debate. Markets are now watching whether the next Fed move could be higher rather than lower.

Looking ahead, markets will focus on US-Iran negotiations, US PCE inflation, and the second estimate of first-quarter GDP. Europe will watch ECB minutes and inflation data, while Asia-Pacific attention turns to Australia’s CPI, Tokyo inflation, and rate decisions from New Zealand and South Korea.