Stock Market Update

[BRIEFING.COM] The major averages now trade near their session lows, with the S&P 500 now down 0.2%.

The House will hold another procedural vote on crypto bills later this evening, and they are also discussing splitting up crypto bills to make them easier to pass as well, according to CNBC.

Boston Fed President Susan Collins (voting FOMC member) stated in a speech titled "Using Data in Monetary Policymaking: A View from the Fed" that she expects tariffs to boost inflation over the second half of the year, though the extent of the increase remains uncertain. Collins expressed that an "actively patient" approach to monetary policy remains appropriate.