US markets retreated as investors digested the latest Fed minutes, which reinforced the central bank’s focus on taming inflation. Treasuries extended gains following a strong bond auction, while the US dollar slipped after Donald Trump called for Fed governor Lisa Cook to resign. In company news, Target appointed an insider as CEO to spearhead its turnaround, TJX (the owner of TJ Maxx) beat expectations, and Estée Lauder moved to cut prices despite the drag from tariffs. Back home, Aussie shares are set to open higher, supported by rising oil prices and local investors will be watching earnings from Whitehaven Coal, Bega Cheese, Brambles, and Goodman Group.

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