Market Update

The Federal Reserve held interest rates steady on Wednesday, June 17, 2026, in Kevin Warsh’s first meeting as Chair of the Federal Open Market Committee. The federal funds rate remains at 3.5%–3.75%, extending a pause that has lasted four meetings. Inflation is still running at 4.2% year-over-year, largely driven by …

Gold prices moved higher on Wednesday as investors positioned themselves ahead of the Federal Reserve’s highly anticipated interest rate decision, the first policy meeting chaired by Kevin Warsh. The precious metal climbed toward recent highs as markets weighed the possibility that the central bank could maintain a firm stance on …

Global financial markets are turning their attention to the Federal Reserve’s June policy meeting, where policymakers are widely expected to leave interest rates unchanged for a fourth consecutive meeting. While the rate decision itself is unlikely to surprise investors, the spotlight is firmly on new Federal Reserve Chair Kevin Warsh …

The British Pound came under pressure on Wednesday as weaker-than-expected inflation data prompted investors to scale back expectations for additional interest rate increases from the Bank of England. The shift in sentiment weighed on Sterling, allowing the US Dollar to regain momentum after a series of encouraging economic reports from …

The Japanese Yen remains under pressure even after the Bank of Japan delivered its highest interest-rate setting in decades, highlighting a growing reality in global currency markets: raising rates alone is no longer enough to guarantee a stronger currency. Investors had widely anticipated the move, meaning much of its impact …

Key Takeaways Sales beat expectations: U.S. retail sales rose to $763.7 billion in May, exceeding the 0.5% growth forecast. Prior month revised: April’s reading came in at a 0.5% expansion. Strong annual growth: Retail sales were up 6.9% year-on-year in May. Retail trade outperforms: Retail trade sales specifically rose 1.0% …

Key Takeaways Headline CPI accelerates: Eurozone annual inflation rose to 3.2% in May from 3.0% in April — in line with expectations. Monthly pace slows: Month-on-month CPI eased to 0.1% from 1.0% — as anticipated — offering some comfort. Energy the key driver: Annual energy prices surged 10.8% — matching …

Key Takeaways Bitcoin barely moves: The world’s largest crypto fell 0.3% to $65,847.7, cutting short its recent peace deal-driven recovery. Tight ranges prevail: Crypto markets are holding cautious positions ahead of the Fed decision later today. ETF outflows easing: Spot Bitcoin ETFs are seeing reduced outflows, offering some relief — …

Key Takeaways Dollar stabilizes: The DXY traded largely flat at 99.55 — near a 10-day low — ending its four-session losing streak. Euro stalls: EUR/USD hovered near one-week highs at 1.16 after flatling as traders awaited the Fed. No large bets placed: Currency desks are holding back ahead of the …

Key Takeaways CPI steady at 2.8%: UK inflation was unchanged from April’s 13-month low — well below the 3.0% forecast by economists and the BoE’s own 3.3% projection. Sterling weakens slightly: The pound dipped against the dollar following the softer-than-expected print. Gilt yields fall: UK government bond yields dropped to …