Finance

The Federal Reserve concluded its June meeting by holding the benchmark interest rate steady at 3.50% to 3.75%, marking the first session led by new Chairman Kevin Warsh. Investors are closely monitoring the central bank's communication for signals on how persistent inflation and geopolitical tensions might influence the policy outlook for the remainder of 2026.

Crude oil prices tumbled below $80 per barrel as supply concerns eased following a preliminary peace deal between the United States and Iran. The agreement, expected to be signed this week, facilitates the reopening of the Strait of Hormuz and has led to a significant decline in benchmark Brent and WTI futures.

Cryptocurrency prices retreated on Wednesday, with Bitcoin dipping below the $65,000 level. Digital assets are facing volatility as traders weigh Federal Reserve policy decisions and shift their focus toward new regulatory developments, such as a potential SEC policy for tokenized stock trading.