Key Highlights: Federal Reserve official Williams reaffirmed that an additional interest rate increase may be warranted this year to curb inflation. Williams projected that artificial intelligence investments will remain resilient against restrictive monetary policy due to high investor enthusiasm for transformative productivity gains. Bitcoin mining operations pivoting toward AI cloud services, including IREN and Riot, ...
Key Highlights The ISM Prices Index rose to 77.9 in September, reflecting broader reports of monthly input-cost increases rather than a 77.9% inflation rate. Higher input prices were reported by 58.6% of respondents, up from 46.2% in August, adding to the Federal Reserve’s policy debate. Bitcoin’s response will depend on whether upcoming employment data strengthens ...
Key Highlights: Bitcoin fell after briefly rising above $87,000 and is now trading near $83,000. New York Fed President John Williams said there is “no need to rush” into another monetary policy step. Market-implied expectations for an October Fed rate hike dropped from about 70% to below 50% as investors assessed the latest PCE data. ...
Key Highlights: Market-implied expectations for a Federal Reserve interest-rate hike in October fell from approximately 70% to 50%. New York Fed President John Williams said there is “no need to rush” into another monetary policy move. Williams said inflation remains very high, while the Fed has had enough time to assess economic data since its ...