Crypto news: The US Federal Reserve’s six-month report shows that in 2026, overall US economic activity remains in steady expansion, driven mainly by high-tech investment and government spending. Factory output is seeing strong growth due to AI-related data center investment, and production capacity continues to improve. However, the housing market has stalled, and growth in the external economy is being held back by the Middle East conflict and tariffs. The labor market is broadly stable, with both wages and productivity rising. But slowing immigration has led to a decline in labor supply, and small businesses and households still face relatively tight credit conditions. Inflation remains elevated and moved higher further in spring, and asset prices are above historical norms. The financial system is broadly robust, with ample bank reserves; while the private credit market has some redemption pressure, it is still operating normally. Long-term inflation expectations are broadly anchored near the 2% target, but the uncertainty stemming from the Iran war remains the main risk.