Finance

Market anxiety has intensified following recent Federal Reserve projections that indicate a hawkish turn under the leadership of new Chair Kevin Warsh. While interest rates were held steady this month, the majority of officials now signal that at least one rate increase may be necessary before the end of 2026 to combat persistent inflation.

NVIDIA's stock is experiencing a downturn as investors grow concerned over falling leasing prices for its advanced AI chips. Reports indicate that hourly rates for B200 chip leasing have dropped significantly from late May peaks, raising questions about the long-term sustainability of current artificial intelligence hardware valuations.

The yield on the 10-year U.S. Treasury note edged lower toward 4.48% as investors reacted to progress in geopolitical negotiations and potential shifts in global oil supply. This decline in yields comes even as traders price in a higher probability of a September interest rate hike from the Federal Reserve.