🔴 Proshares S&P Global Core Battery Metals ETF is trading 3.6% down today on hawkish Fed stance and commodity weakness

Proshares S&P Global Core Battery Metals ETF is trading 3.6% down today as natural resource equities underperform following the Federal Reserve's hawkish policy outlook.

• The Federal Reserve maintained interest rates at 3.50%–3.75% on June 17, signaling a higher-for-longer stance with no rate cuts projected for the remainder of 2026.
• Softening oil and broader commodity prices, driven by the Fed's decision and easing Middle East risk, are weighing on resource-linked holdings while growth and tech shares rebound.