Goldman now expects December Fed hike, sees chance of end to tightening
Goldman Sachs delayed its forecast for the next Fed rate hike to December from October after softer inflation and dovish Fed comments.
Frank Holmes explains why Bitcoin mining is a 'tier one' AI data center and expects $100 trillion in money printing, favoring Bitcoin and gold.
AI requires power, land, and substations — resources Bitcoin miners already possess. Frank Holmes, executive chairman of HIVE Digital Technologies, describes why he labels Bitcoin mining as a "tier one" data center. He details how Ethereum-mining GPUs pivoted HIVE into artificial intelligence, and forecasts that future AI factories will arise on mining infrastructure spanning from Paraguay to Canada.
The interview covered the following topics:
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Goldman Sachs delayed its forecast for the next Fed rate hike to December from October after softer inflation and dovish Fed comments.
New Zealand consumer confidence dipped to 97.6 in September as a mid-month oil spike dampened sentiment, while two-year inflation expectations fell to 4.5%.
Tokyo core CPI for September expected to rise 2.4% y/y, reinforcing case for further BOJ rate hikes. Release at 2330 GMT.
Fed's Cook said supply shocks are becoming more policy-relevant and named AI as top 2027 risk, noting near-term inflation from buildout.