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According to US Federal Reserve economic data, the Global Uncertainty Index has reached a historic high, surpassing the levels during the COVID-19 pandemic and the 2008 financial crisis. (Cointelegraph)

LME aluminum futures closed up by $105, at $3,401/ton. LME zinc futures closed up by $67, at $3,182/ton. LME lead futures closed up by $12, at $1,909/ton. LME nickel futures closed up by $77, at $17,263/ton. LME tin futures closed up by $946, at $46,734/ton. LME cobalt futures closed flat, at $56,290/ton.

The Federal Reserve is closely monitoring inflation expectations and is aware that the inflation rate has remained above its 2% target for five consecutive years. 2. Both the host and a student audience member asked Powell about the risks of private credit. Powell stated that although the Federal Reserve is monitoring this market very closely, the current predicament appears to be more of a market correction rather than a broader systemic event. Read more Related articles: Federal Reserve Chair Powell: Will achieve the 2% inflation target, tariffs are only a one-time shock