Finance

The financial world is focused on the imminent SpaceX initial public offering, which is expected to be the largest in history with a target valuation between $1.75 trillion and $2 trillion. Analysts anticipate the market capitalization could surge even higher on its first day of trading, potentially making it the sixth-largest company in the United States.

Stronger-than-expected May employment data, showing 172,000 jobs added, has reinforced the case for the Federal Reserve to maintain or even raise interest rates later this year. While a hold is anticipated at the upcoming June meeting—the first led by new Chair Kevin Warsh—markets are increasingly pricing in a 25 basis point hike by December to combat accelerating inflation.

The annual U.S. inflation rate climbed to 4.2% in May 2026, marking its highest level in over three years, driven largely by a 23.5% surge in energy costs. Although core inflation remains more stable, the persistence of wholesale price increases at their fastest pace since late 2022 continues to pressure the broader economy.