In conjunction with the Federal Open Market Committee (FOMC) meeting held on June 16–17, 2026, meeting participants submitted their projections of the most likely outcomes for real gross domestic product (GDP) growth, the unemployment rate, and inflation for each year from 2026 to 2028 and over the longer run. Each participant’s projections were based on information available at the time of the meeting, together with her or his assessment of appropriate monetary policy—including a path for the federal funds rate and its longer-run value—and assumptions about other factors likely to affect economic outcomes. The longer-run projections represent each participant’s assessment of the value to which each variable would be expected to converge, over time, under appropriate monetary policy and in the absence of further shocks to the economy. “Appropriate monetary policy” is defined as the future path of policy that each participant deems most likely to foster outcomes for economic activity and inflation that best satisfy his or her individual interpretation of the statutory mandate to promote maximum employment and price stability *FED: NINE OF 18 FOMC PARTICIPANTS PENCIL IN 2026 RATE HIKE

The Federal Open Market Committee approved the following statement for release by a 12 – 0 vote: The Committee decided to maintain the target range for the federal funds rate at 3-1/2 to 3-3/4 percent, in support of the Federal Reserve’s dual mandate. The Committee reaffirmed its policy of maintaining ample reserves in the banking system. Economic activity is expanding at a solid pace despite elevated uncertainty that owes, in part, to the conflict in the Middle East. Productivity growth and capital investment are strong. Job gains have kept pace with the workforce, and the unemployment rate has changed little. Inflation remains elevated relative to the Committee’s 2 percent goal, in part reflecting supply shocks that have driven price inc *FED REMOVES STATEMENT REFERENCE TO ADDITIONAL RATE ADJUSTMENTS The fed vote in favor of the policy was unanimous.

Iran's Foreign Ministry Spokesperson on the Strait of Hormuz: It has been agreed to return maritime traffic to normal in a certain period of time - State Media

U.S. equity markets face a potential shakeup as the Securities and Exchange Commission readies a new policy that would allow crypto companies to offer blockchain-based stocks, analysts and lawyers said. The crypto industry says tokenized stocks — blockchain-based instruments that track traditional equities — could revolutionize stock markets by allowing ...

The Federal Reserve is expected to hold interest rates steady on Wednesday at the end of the first meeting chaired by Kevin Warsh, with a new policy statement and economic projections likely to reflect growing concern about the inflation stoked by the Iran war even as oil prices slide on peace deal hopes. With recent data showing strong U.S. hiring, a ...

*TRUMP REITERATES IRAN DEAL WILL OPEN HORMUZ TRUMP: I THINK IRANIAN LEADERS WILL BEHAVE MUCH DIFFERENTLY Trump: Iran deal will be signed shortly. Could be signed tomorrow or next day. TRUMP: IF THEY DON'T HONOR THE AGREEMENT, WE'LL PROBABLY GO BACK TO BOMBING THEM UNTIL THEY HONOR IT

Watch live as U.S. President Donald Trump speaks to the media at the end of the G7 summit in Evian-les-Bains, France.

U.S. and Iran discuss moving up signing of deal, sources say The US, Iran, and the mediators are discussing holding the signing of the memorandum of understanding, currently scheduled for Friday, as early as Wednesday, according to a diplomat from one of the mediating countries and a second source familiar with the discussions - Axios MOU WOULD BE SIGNED ELECTRONICALLY, US TO RELEASE TEXT - AXIOS MOU ACCELERATED SIGNING WOULD AIM TO OPEN HORMUZ SOONER - AXIOS

Bitcoin (BTC) showed signs of bottoming inside the $60,000–$70,000 range on Wednesday, according to onchain data shared by a quant analyst. The bottom signal comes from Bitcoin’s unrealized price distribution, or URPD, which shows where BTC last moved on-chain and helps identify major investor cost-basis zones. As of Tuesday, Bitcoin's URPD reading showed a ...

The threat to ships transiting the Strait of Hormuz has lessened following the announcement of the Iran deal, a naval coalition led by the United States told shippers in a notice this week. The Joint Maritime Information Center downgraded the threat level in Hormuz to “substantial” from “severe” in an advisory note published Tuesday. The center is a ...

Pending home sales in May increased by 3.8% month-over-month and 4.8% year-over-year, according to the National Association of REALTORS® Pending Home Sales report. The report provides the real estate ecosystem—including agents, homebuyers and sellers—with data on the level of home sales under contract. Month-over-month and year-over-year pending home sales ...