Finance
May PCE Inflation Rises to 4.1% Annually, Core Reaches 3.4%, as Federal Reserve Weighs Rate Hike
The BEA's May personal-consumption-expenditures index hit 4.1% headline and 3.4% core year-over-year — the highest readings since 2023 — landing eight days after the FOMC dropped its 2026 rate-cut projections and signaled a possible hike instead.
Micron Reports Record $41.5 Billion Quarter on AI Memory Demand, Guides for $50 Billion Q4
Micron Technology broke company records for revenue, net income, and gross margin in fiscal Q3 2026. The main driver was strong demand for High Bandwidth Memory chips used in AI data centers. The company says its entire 2026 supply of those chips is already sold under contract.
Developing
Oil Prices Hit Post-War Low as Hormuz Tanker Traffic Rises and Iran Ceasefire Advances
Brent crude settled near $73.74 a barrel on June 24–25 — its lowest since before U.S.-Israeli strikes on Iran — as peace talks and resumed Strait of Hormuz shipping pulled the 10-year Treasury yield down to 4.41%.