The U.S.-Iran ceasefire has done little to raise expectations for a Federal Reserve interest rate cut in June, as oil-driven inflation persists and Israel violates the agreement. Federal Reserve minutes revealed most officials warning that inflation could remain sticky, coinciding with February's headline PCE at 2.8% and a sharp downward revision of Q4 2025 U.S. GDP growth to 0.5% from 4.4%. Cryptocurrencies face mounting pressure, with Bitcoin down 1.06% to $71,193.7, Ethereum falling 3.27% to $2,180.12, Solana dropping 2.72% to $82.21, and XRP declining 3.75% to $1.3303.
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