Finance

The Federal Reserve's preferred inflation gauge, the May Personal Consumption Expenditures (PCE) price index, rose 0.4% monthly and 4.1% annually. This reading largely aligned with economist forecasts, fueling investor hopes that the central bank might adopt a less hawkish stance in its upcoming policy decisions.

Cryptocurrency markets remain under pressure as Bitcoin briefly dipped below the $60,000 mark, hitting levels not seen since late 2024. Sustained outflows from spot Bitcoin ETFs and a broader shift of capital toward traditional AI-driven equities have contributed to an extended bear market for digital assets.

U.S. 10-year Treasury yields hovered near 4.4% as progress in international peace negotiations helped alleviate inflationary concerns related to energy costs. While some investors are still pricing in potential rate hikes for later in 2026, the recent decline in oil prices has provided a stabilizing influence on the fixed-income market.