[Next Week's Macro Outlook: Walsh's Congressional Testimony Collides with CPI, Interest Rate Pricing Tug-of-War Dominates Gold's Fate] This week, the U.S.-Iran tensions escalated sharply, with mutual attacks breaking the fragile ceasefire agreement that had lasted for about three weeks. The Strait of Hormuz shipping lanes have once again fallen into a near-standstill deadlock. Nevertheless, according to various media reports, mediators have not given up on their efforts to broker peace. In the coming week, developments in U.S.-Iran relations, U.S. CPI and other economic data, and speeches by Federal Reserve officials will keep Wall Street on edge. There is particular anticipation for whether Federal Reserve Chair Walsh, under questioning in Congress, can provide more clues about the outlook for interest rates, though his determination to abandon forward guidance makes it difficult to hold high expectations. Additionally, next week will also feature the 'main event' of U.S. bank earnings reports.