Federal Reserve Governor Jefferson: No Need to Hurry to Further Cut Interest Rates, Strong Economy Makes Caution Appropriate

JPMorgan Chase raised its price target for NVIDIA (NVDA.O) from $280 to $320.

According to foreign media reports, Kuwait and Qatar, two smaller oil-producing nations in the Persian Gulf, are increasing crude oil shipments through the Strait of Hormuz, further driving a rebound in oil traffic through the waterway. Traders disclosed that before the outbreak of the Iran conflict, the two countries collectively exported around 2 million barrels of oil per day; their current exports have recovered to 70% of pre-conflict levels. The United Arab Emirates (UAE) was the first Gulf oil producer to resume large-scale oil exports via the Strait of Hormuz, using a method called "shuttle transport"—ship-to-ship transfers in the Gulf of Oman. Saudi Arabia has since followed suit. Traders noted that roughly 7 million to 8 million barrels of oil are now shipped daily through the Strait of Hormuz, up from around 4 million barrels in mid-July, equivalent to roughly three-quarters of pre-war levels. Vortexa said Monday that oil flows through the waterway are approaching 10 million barrels per day.

Beating AI News: AI inference platform fal has launched H3 Max, a video model fine-tuned from the open-source MiniMax H3. The model features enhanced prompt understanding, improved visual quality, and acceleration optimized for fal’s own inference system. According to Artificial Analysis’ audio-included video leaderboard, H3 Max’s image-to-video generation ranks first with an Elo score of 1205, outperforming ByteDance’s Seedance 2.0 and the original H3. Its text-to-video generation takes third place with a 1235 Elo score, just 4 points behind top-ranked Wan 3.0. Speed is also notable: fal states generating a 5-second 768p video takes under 3 seconds, with throughput approximately 35 times that of the original H3 API. The model is launching at a 50% discount: 768p costs $0.04 per second, making a 1-minute video $2.4; the price will revert to $0.08 per second after September 1. However, H3 Max has narrower capabilities: it currently supports a maximum resolution of 768p (the original H3 can generate 2K videos), and the launch only includes text-to-video and image-to-video functions, with Reference-to-Video not yet available.

Deutsche Bank strategists stated that after announcing it would double the size of its long-term Treasury repurchase operations, the U.S. Treasury is expected to adopt a more proactive approach to debt management, advancing related operations through gradual adjustments rather than major policy shifts. "We also expect the Treasury to enhance communication beyond its quarterly refinancing arrangements, and more broadly use proactive policy signaling as a policy tool," the strategists noted. The U.S. Treasury may leverage the flexibility retained in last week's announcement wording to raise the scale of long-term Treasury repurchase operations to at least $40 billion above the initial proposal, they added. "Long-term Treasury repurchases typically attract up to $200 billion in bids, which provides the Treasury with considerable room to expand the operation scale in the near term," the strategists said. The Treasury could also maintain operational flexibility by not specifying the exact size of long-term Treasury repurchase operations when announcing updated Treasury repurchase arrangements.

Crypto trader Meiling stated in a post that she entered ANSEM and CASHCAT early, with cumulative unrealized profits of approximately $5.5 million. She has no immediate plans to sell and firmly believes both tokens have full potential to reach a $1 billion market cap.

Reto Cueni, chief economist of Sitai Group, said in a report that the market may slightly lift its expectations for a Federal Reserve rate hike at its September meeting. However, he pointed out that the majority of market participants still expect the Fed to hold off on raising rates, and Sitai Group itself does not currently anticipate a rate hike. Cueni stated: "For now, we maintain our judgment that the Fed will not implement further rate hikes in the second half of this year." According to LSEG data, money markets currently put a 65% probability on the Fed keeping interest rates unchanged at its September meeting.