Finance

Federal Reserve Chairman Kevin Warsh addressed an international policy forum in Sintra, Portugal, where he refrained from providing specific guidance on a potential July interest rate hike. Despite his non-committal stance, updated economic projections suggest that policymakers may favor raising borrowing costs later this year to counter persistent inflationary risks.

The cryptocurrency market faced renewed pressure as Bitcoin slipped toward the $58,000 mark, hitting its lowest valuation in 21 months. This downturn is largely attributed to sustained selling pressure from U.S. spot Bitcoin ETFs, which saw more than $4 billion in outflows throughout June, leading to a concentrated defensive posture among digital asset investors.

The semiconductor industry remains a primary driver of market activity, with the global market projected to reach $1.3 trillion by the end of 2026 due to aggressive AI infrastructure spending. Major players like Nvidia and AMD have reported substantial revenue growth in their data center segments, reinforcing investor confidence that the artificial intelligence trade is supported by robust fundamentals.