Dollar Holds Near Two-Month High as Yen Approaches 160 
US Comfortable With Canada Trade Standoff as Import Bans Loom 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
China Agrees to Buy 20 Million Tons of U.S. Coal 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Add as a preferred source on Google
The S&P 500 ended slightly lower Wednesday after the Federal Reserve kept interest rates unchanged at 4.25%-4.50% and signaled a slower pace of rate cuts ahead. The Dow fell 44 points (-0.1%), the S&P 500 slipped 0.04%, and the Nasdaq rose 0.1%.
The Fed maintained its projection of two rate cuts in 2025 but revised its outlook for 2026 and 2027. Rates are now expected to fall to 3.6% in 2026 and 3.4% in 2027, up from prior estimates. This hawkish shift reflects ongoing concerns over persistent inflation and economic uncertainty, further complicated by tariffs and policy ambiguity under President Donald Trump.
Economic data showed mixed signals. U.S. housing starts edged up 0.4% in May, but building permits declined, reflecting weakness in the housing market. Jobless claims fell to 245,000 last week, but signs point to a softening labor market.
Geopolitical tensions rose after Iranian Supreme Leader Ayatollah Ali Khamenei rejected Trump’s call for surrender, warning of “irreparable damage” if the U.S. intervenes militarily. Trump hinted at possible strikes but said Iran is open to talks.
Banking stocks moved amid reports that U.S. regulators may lower the enhanced supplementary leverage ratio (ESLR) for major banks like JPMorgan, Goldman Sachs, and Morgan Stanley from 5% to a 3.5%-4.5% range, easing capital requirements.
In corporate news, Peloton gained nearly 2% following successful cost cuts and financing efforts. Hasbro rose after announcing a 3% workforce reduction in response to higher tariffs. Circle Internet Group surged 20% after the Senate passed the GENIUS Act, laying the groundwork for stablecoin regulation—a move seen as pivotal for crypto adoption.
This combination of monetary policy shifts, geopolitical risks, and crypto legislation is keeping markets on edge.
