Finance

In his first policy decision as Chair, Kevin Warsh led the Federal Reserve to hold interest rates steady at 3.50%-3.75% for the fourth consecutive meeting. Updated economic projections suggest that a majority of officials still anticipate at least one more rate hike before the end of 2026 as inflation remains above the target goal.

Digital assets experienced a challenging June, with Bitcoin falling below the $60,000 threshold and reaching year-to-date lows near $58,000. US spot Bitcoin ETFs recorded a historic $4.1 billion in net outflows for the month, driven by a shifting institutional strategy and heightened regulatory discussions.

U.S. crude oil production is projected to reach record levels of 13.7 million barrels per day in 2026, even as real-time WTI futures have cooled to the $70–$76 range following earlier spikes. Easing geopolitical tensions in the Middle East have contributed to lower energy prices, while record energy storage installations are supporting a transition toward a more balanced domestic market.