欧洲央行管委斯莱普恩：家庭价格预期不再那么牢固。

AI-driven demand has pushed copper prices so that the metal value of Japan's 10-yen coin now exceeds its face value. JX Advanced Metals, Mitsui Kinzoku and Mitsubishi Materials say the coin is about 95% copper, 4% zinc and 1% tin; using Japan exchange benchmark prices the metal content is worth roughly 10.4 yen. Japan depends on imported copper concentrate, leaving its domestic industry exposed to global price swings; JX Metals' domestic benchmark copper price was up 56% YoY as of May. Local media report a spike in water-meter thefts targeting copper-alloy components, with hundreds taken across multiple cities.

The Federal Reserve held rates unchanged at the new chair's first meeting. The chair said the Fed is united and committed to controlling inf. He ended the practice of issuing forward guidance ahead of the statement but the Fed released a dot plot showing nine officials expect rate hikes by year‑end, eight expect no change and one expects a cut. The chair did not submit a personal projection and said markets should price policy based on incoming data rather than Fed forecasts. He declined to say whether he has spoken to President Trump since taking office; Trump, who nominated him, has pushed for cuts but recently said the chair should 'do what he wants'. The dot plot’s distribution and removal of front‑loaded guidance shift emphasis to data‑dependent market pricing; the chair’s political independence will be a follow‑on market risk.