BofA Securities: August economic data could alter the Federal Reserve’s outlook for a September interest rate hike.
1 hours ago
BofA Securities noted in a report that following remarks by Federal Reserve Chair Kevin Warsh on Friday, the market’s implied probability of a September interest rate hike climbed to nearly 60%, though the Fed’s future tightening policy will still hinge on upcoming August economic data. Analysts stated: “We cannot yet confirm a rate hike is a done deal, as very weak August data could still shift the situation. However, barring any major unexpected downturn, the onus for a September rate hike falls on Warsh.” The August employment report is due this Friday. The July employment print came in notably below analysts’ forecasts, prompting some economists to question the underlying growth momentum of the U.S. economy.
Senior Iranian source: Whenever the United States launches an attack on Iran, Tehran will respond with a retaliatory strike dozens of times larger than the attack.
7 minutes ago
Tom Lee: Bitmine is just 100,000 ETH away from purchasing 5% of the total Ethereum supply.
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US stocks open, with all three major indices broadly lower.
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A whale holding over 100,000 ETH transferred 2,858 ETH to a centralized exchange (CEX)
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Broadcom announced the launch of VMware AI Factory, aimed at accelerating AI production time and strengthening control over the AI token economy.
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The ETF operator behind Trump's Truth Social plans to launch a new ETF that includes exposure to perpetual contracts on OpenAI and Anthropic.
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