Vladimir Putin has rejected an immediate and full ceasefire in Ukraine, agreeing only to halt attacks on energy infrastructure, following a call with US President Donald Trump. The Russian president declined to sign up to the comprehensive month-long ceasefire that Trump's team recently worked out with Ukrainians in Saudi Arabia.

ET – Gold futures turn higher after the Fed’s decision to keep interest rates unchanged. Gold futures rise 0.3% to $3,049 per troy ounce. The Fed is staying with its outlook for two interest rate cuts this year,

Fed officials will need to consider several options — including raising rates to bring down stubborn inflation, or cutting them to rev up the economy.

A federal judge has blocked the Trump administration from terminating $14 billion in grants awarded to three climate groups by the Biden administration.