<p><strong>GLOBAL: Last Friday, May 29,</strong> US President Donald Trump called a meeting in the White House Situation Room to make a final decision on a potential deal with Iran.&nbsp;</p>

<p><strong>Wall Street’s major indexes closed at record highs that day,</strong> with the Dow up 0.72%, S&amp;P 0.22%, and Nasdaq 0.21%, marking weekly and monthly gains across all three.&nbsp;</p>

<p>However, <strong>Trump ended his Situation Room meeting on Friday without announcing a final decision on the Iran deal,</strong> leaving a tentative agreement unresolved.&nbsp;</p>

<p><strong>LOCAL: The Bangko Sentral ng Pilipinas estimated May inflation at 7.1%-7.9%</strong>, attributing the surge to a weaker peso and higher food costs, though lower fuel and electricity prices offered slight relief.&nbsp;</p>

<p>On May 29, 2026,<strong> the peso closed at PHP 61.59 per dollar, weakening by 10.50 centavos from its April 30 finish of PHP 61.485.</strong>&nbsp;</p>

<p>Above-target inflation will prompt the BSP to deliver more policy rate hikes. <strong>Metrobank forecasts another cumulative 75 bps worth of hikes in 2026</strong>.&nbsp;</p>