#FOMCWatch 💢Investors take a cautious stance midweek as they navigate through the latest headlines on U.S. trade policy. Later in the American session, the Federal Reserve (Fed) will release the minutes from the June monetary policy meeting, and the U.S. Treasury will conduct a 10-year bond auction. During U.S. trading hours on Tuesday, U.S. Secretary of Commerce Howard Lutnick indicated that another 15 to 20 tariff letters are expected to be announced in the next two days. Meanwhile, U.S. President Donald Trump stated that BRICS members will be subject to a 10% tariff rate and added that tariffs on pharmaceuticals and semiconductors will be introduced soon. Finally, he noted that there will likely be a 50% tariff on copper. In this regard, Lutnick explained that tariffs on copper will likely be implemented by the end of July or in August.