The crypto market and all three major Wall Street indexes closed lower Monday. The Dow, Nasdaq, and S&P 500 declined by 1.63%, 1.46%, and 1.36% respectively.
The Federal Reserve held rates steady for the second consecutive time in 2026, signaling only one potential cut this year-likely a 25-basis-point reduction, with no set timeline. Inflation concerns persist as Brent crude surpassed $111 and U.S. oil approached $90.
Jerome Powell confirmed he will remain chair until the DOJ concludes its criminal investigation, delaying the appointment of Kevin Warsh, a candidate seen as more dovish toward rate cuts.
Market volatility reflects uncertainty over global inflation, energy prices, and central bank policy.