The average price of diesel in the U.S. reached a record $6.29 per gallon this week, up nearly 80% year-to-date, exacerbating inflation concerns. Meanwhile, the Federal Reserve raised interest rates by 25 basis points on Thursday, bringing the benchmark borrowing cost to a range of 3.75%-4%. JPMorgan Chase noted that rising diesel prices could transmit to inflation through business costs and ultimately impact consumer prices. Bitcoin has fallen nearly 12% this year to $76,400, while gold prices remained largely flat.