Bloomberg’s morning roundup flags divergent views from the Federal Open Market Committee. While the panel kept rates steady, nine governors expect at least one 0.25‑point hike this year, and six forecast two moves. The split underscores lingering uncertainty over inflation pressures and sets the tone for equity volatility ahead.

In parallel, G7 leaders secured a pact to curb reliance on a single source for rare‑earth imports, targeting no more than 60% from any country by 2030 and aiming for a 50% ceiling thereafter. The agreement seeks to diversify supply chains for magnets and high‑tech components, limiting China’s dominance and reassuring manufacturers.

President Trump dismissed Republican criticism of the provisional Iran nuclear deal, arguing the pact averts a “global depression” and has already buoyed stock markets while pulling oil prices lower. The administration’s endorsement signals political backing for the agreement, which could stabilize Middle‑East tensions and influence energy‑related equities.