Finance

In his first meeting as Chairman, Kevin Warsh maintained interest rates between 3.5% and 3.75% while signaling a renewed focus on price stability. Policymakers indicated that at least one rate hike remains possible before the end of 2026 to combat persistent inflation, which continues to run above the central bank's 2% target.

Energy stocks underperformed the broader market, with the sector dropping 1.73% as Brent and WTI crude prices declined following the reopening of critical shipping lanes. While most other sectors saw gains driven by technology and consumer discretionary spending, integrated oil and gas companies faced downward earnings revisions.

Bitcoin has stabilized around the $62,000 to $63,000 range after experiencing a period of volatility and a notable correction from previous highs. Analysts observe that while retail interest and search volume are rising, liquidity is being partially diverted by major external events such as the SpaceX IPO and international sporting competitions.