<p><strong>GLOBAL: US Federal Reserve (Fed) Kevin Warsh said the central bank may be forced to tighten monetary policy furtherif persistent price pressures do not ease rapidly.&nbsp;</strong></p>

<p><strong>Market impact: </strong>The US dollar strengthened following statements from Warsh. Meanwhile, equities declined, and Treasury yields climbed to a 19-month high as oil prices surged. &nbsp;</p>

<p><strong>Metrobank projects the Fed to keep its policy rate steady in 2026,</strong> as the central bank assesses high inflation and stable economic growth.&nbsp;</p>

<p><strong>LOCAL: Department of Economy, Planning and Development (DEPDev) Secretary Arsenio Balisacan said household consumption is expected to see a gradual but modest recovery for the remainder of the year.&nbsp;</strong></p>

<p><strong>Market impact: </strong>The PSEi fell to the 5,900 level as the peso sank to a new historic low of 62.265 per US dollar. &nbsp;</p>

<p><strong>Metrobank projects GDP growth to stay below historical averages through 2027,</strong> constrained by subdued private spending.&nbsp;</p>