- The U.S.-Iran ceasefire is not doing much to lift hopes for a June Fed rate cut because oil-driven inflation is still hanging around, and Israel violated the agreement.
- The Fed minutes showed most officials saying inflation could stay sticky, just as headline PCE for February came in at 2.8%, and Q4 2025 U.S. GDP growth was cut to 0.5% from 4.4%.
- Crypto is also under pressure, with BTC at $71,193.7, down 1.06%, ETH at $2,180.12, down 3.27%, SOL at $82.21, down 2.72%, and XRP at $1.3303, down 3.75%.
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