The Fed's New Chief Set for Debut, 70% of Economists Pessimistic About Rate Cut
June 9 (Reuters) – A new survey of 102 economists by Reuters shows the Federal Reserve is highly unlikely to adjust its benchmark interest rate for the remainder of 2026.
Seventy-two respondents, roughly 70%, expect rates will hold steady in the current range of 3.50% to 3.75%. That share has risen significantly from less than half of economists who held that view last month, and even more so from the roughly one-third who felt the same earlier this year.
The survey was conducted between June 4 and June 9. Every economist polled agrees there will be no rate cut at the June 16-17 Federal Open Market Committee (FOMC) meeting, which will mark the first time new Fed Chair Kevin Warsh will lead the gathering.
The survey also finds many economists anticipate the Fed will abandon its previous dovish stance in this month’s policy statement. Most financial institutions have either pushed back their rate cut expectations to 2027 or scrapped those expectations entirely, with only a small number c
5 minutes ago
JPMorgan Chase Recruits Nomura Securities International AI Strategy Head, Expected to Join in July
June 9 — JPMorgan Chase is hiring Nomura Securities’ international head of AI strategy, according to a Bloomberg report citing people familiar with the matter. The Wall Street bank is stepping up its recruitment of AI professionals to drive productivity improvements, the sources noted.
Tahir Zafar joined the Japanese financial firm at the end of 2023 and was promoted to his current role in March 2025. He is expected to officially start at JPMorgan around July, after completing his required garden leave.
Click the link to the original article below to join the BlockBeats · Lark AI News Channel, where you will get 24/7 continuous monitoring and updates on global AI trends and news.
5 minutes ago
Kraken has announced it will be the Official Cryptocurrency Exchange Partner for the 2026 FIFA World Cup
On June 9, official reports confirm that cryptocurrency exchange platform Kraken has been selected as the official cryptocurrency exchange partner for the 2026 FIFA World Cup. This tournament, which will expand to feature 48 teams for the first time, is co-hosted by Canada, Mexico, and the United States, with 104 matches scheduled over seven weeks. It’s projected to draw more than 6 billion global viewers.
Kraken stated that this partnership will bring its digital asset trading infrastructure—spanning over 190 countries—to one of the world’s largest sports events, while exploring new avenues for fan interaction and participation through soccer, a universal language. Arjun Sethi, Kraken’s co-founder and CEO, noted that soccer shares cryptocurrency’s borderless nature, adding that both parties will collaborate to advance a more open global financial and digital experience. Romy Gai, FIFA’s chief commercial officer, said the collaboration aims to enhance fan experiences via technology an
5 minutes ago
Toncoin has announced that the TON token will be renamed Gram (GRAM) on June 15th.
**TON Community Votes to Rename Native Token Toncoin to Gram; Changes Take Effect June 15, 2026**
The Open Network (TON) community has released final results from its TON Vote, announced June 9. Running from June 1 to June 8, 2026, the voting saw 81.22% of participating voters approve renaming the network’s native token from Toncoin to Gram—with the token’s code also switching from TON to GRAM.
This update will officially go live at 8:00 PM UTC+8 on June 15, 2026. The underlying blockchain will retain its original name (The Open Network); only the token’s name, code, and icon will be modified.
Users will not need to take any action to adapt to this change. No token swaps, cross-chain bridge operations, claiming processes, or asset migrations will be required. All user assets—including balances, wallet addresses, smart contracts, NFTs, staked holdings, and DeFi positions—will remain fully unchanged.
All ecosystem partners, including major cryptocurrency exchanges, are expected to co
5 minutes ago
Japan's three largest banks plan to jointly issue a stablecoin by 2026
June 9 – Nikkei News reports that Japan’s three largest banks plan to jointly issue a Japanese yen-pegged stablecoin by the end of Japan’s 2026 fiscal year. The group has set up a coordination mechanism to advance work on designing use cases and operational processes for real-world transaction scenarios.
Mitsubishi UFJ Bank, Sumitomo Mitsui Banking Corporation, and Mizuho Bank are expected to sign a basic agreement soon. Since November 2025, the three institutions have been conducting joint pilot trials under the guidance of Japan’s Financial Services Agency (FSA) to prepare for the stablecoin’s launch.
Moving forward, the coordinating committee will continue to promote the stablecoin’s practical application and commercialization, aligned with relevant laws and regulations as well as broader market development trends.
5 minutes ago
Analyst: VIX Surges Before Returning to Calm, U.S. Stock Market Sentiment Shows No Fundamental Reversal
June 9 — Analyst Divyang Shah reports last Friday brought a sharp selloff across the U.S. stock market, with AI and tech sectors bearing the brunt of the decline. A mix of factors fueled the pullback, but the most impactful driver was a sudden pivot in market volatility: the VIX "fear index" jumped above the 20 threshold, and VIX futures moved in lockstep.
That volatility shock has since eased, though the VIX spot level remains marginally elevated relative to levels ahead of last Friday’s plunge. The spread between the near-month VIX futures contract and the spot price has narrowed back to equilibrium, and the broader VIX futures curve has shifted modestly lower while still retaining its overall upward slope. This pattern signals market sentiment hasn’t undergone a fundamental reversal—with the overall outlook continuing to lean optimistic.
Investors are still cautious after the recent strong gains in AI and tech stocks, but as last Friday’s losses are gradually absorbed, the market
5 minutes ago
App Store
Profile
Security
Sign Out
Feeds
Articles
Source
Add to Favorites
Download image
Share x
Copy link
