Finance

Under the leadership of new Chair Kevin Warsh, the Federal Reserve maintained interest rates at 3.50%-3.75% during its June meeting but signaled a potential for upcoming hikes. Updated economic projections showed a majority of officials now expect at least one rate increase before the end of 2026 due to persistent inflationary pressures.

The digital asset market experienced a sharp downturn in June 2026, with Bitcoin falling below the critical $60,000 technical support level for the first time since late 2024. This decline triggered over $1.6 billion in leveraged liquidations and was exacerbated by record outflows from Bitcoin ETFs and broader weakness in high-growth tech sectors.

U.S. Treasury yields remained elevated as the market adjusted to a 'higher for longer' interest rate environment, with the 10-year yield closing near 4.38% in late June. Although short-term yields saw a slight weekly decline, the overall upward-sloping curve continues to account for persistent inflation and steady government debt issuance.