In the news: ➢Fed officials keeps rates steady, but pencils in two rate cuts by end of 2025, overall turn hawkish: https://www.reuters.com/business/fed-officials-see-two-rate-cuts-2025-overall-turn-hawkish-2025-06-18/ ➢ S&P 500 ends nearly flat, gives back gains; Fed’s Powell says inflation to rise: https://www.reuters.com/business/wall-street-futures-steady-ahead-feds-interest-rate-verdict-2025-06-18/ ➢ Trump knocks Fed’s Powell, muses about appointing himself to lead central bank: https://www.reuters.com/world/us/trump-knocks-feds-powell-muses-about-appointing-himself-lead-central-bank-2025-06-18/ ➢ UK inflation slows but oil price jump creates new problem for Bank of England – set to keep rates on hold with Middle east conflict in spotlight: https://www.reuters.com/world/uk/uk-inflation-was-34-may-ons-says-2025-06-18/ ➢ BOJ’s inflation warning leaves room for another rate hike this year: https://www.reuters.com/business/bojs-inflation-warning-leaves-room-another-rate-hike-this-year-2025-06-18/ ➢ Dollar exit could be crowded for some time: https://www.reuters.com/markets/currencies/dollar-exit-could-be-crowded-some-time-2025-06-18/ ➢ Asian stocks slip, gold gains with yen as Middle East conflict rages: https://www.reuters.com/world/china/global-markets-wrapup-1pix-2025-06-19/ ➢ Oil falls as investors weigh chance of US intervention in Iran-Israel conflict: https://www.reuters.com/business/energy/oil-falls-investors-weigh-chance-us-intervention-iran-israel-conflict-2025-06-19/ ➢ Regulators’ plans for US bank leverage relief may underwhelm US Treasury market:https://www.reuters.com/sustainability/boards-policy-regulation/regulators-plans-us-bank-leverage-relief-may-underwhelm-us-treasury-market-2025-06-18/ ➢ India markets regulator eases rules for foreign investors who only buy government bonds: https://www.reuters.com/sustainability/boards-policy-regulation/india-markets-regulator-eases-rules-foreign-investors-who-only-buy-government-2025-06-18/ *_Source: NCBA Wealth management_*