BofA sticks with October, December Fed hike call as spending stays hot
BofA reaffirms forecasts for Fed rate hikes in October and December, citing strong nominal spending, with risks flagged around persistent supply shocks.
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BofA reaffirms forecasts for Fed rate hikes in October and December, citing strong nominal spending, with risks flagged around persistent supply shocks.
Michael Saylor says the Clarity Act's blockage helps crypto, as regulators proceed with rules while avoiding restrictive provisions.
Goldman Sachs warned TTF and JKM could reach 105 euros and $35 if Gulf LNG exports remain constrained this winter.
Reuters estimates the PBOC will set the USD/CNY reference rate at 6.6951, with the fixing mechanism signalling concerns over yuan appreciation pace.
Bessent called US-China talks 'very successful' as the Board of Trade became operational ahead of a Trump-Xi summit.
Hedge funds turned net long yen for first time since July 2025 per CFTC data, ahead of rate hikes that later hurt the yen.
Based on historical patterns, the S&P 500 tends to dip after the Fed's first hike but recovers within a year, with bond yield speed as a key risk.
Jensen Huang told CBS News there is a 0% chance AI will end the world by 2030, pushing back against doomsday fears.
Economists are raising neutral rate estimates for the Fed, ECB, and Japan, signaling higher long-term yields and less room for rate cuts.
Oil prices rose on Globex after Houthi missile and drone attacks targeted Riyadh and an Aramco site.