Markets are falling across the board as investors react to concerns about interest rates, inflation, and global tensions. Recent economic data have reduced expectations for near-term rate cuts, making borrowing costs likely to stay higher for longer. Investors are also becoming more cautious ahead of the Federal Reserve’s June 17 meeting, where officials will provide updated views on the economy. Meanwhile, high oil prices and renewed tensions in the Middle East are adding to worries that inflation could remain elevated. The selloff follows months of strong gains in stocks and other assets. Many investors are now locking in profits, leading to broad declines in stocks, gold, silver, Bitcoin, and other cryptocurrencies.
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