BoJ hikes rate to 1.25% as expected, with 7-2 split
The Bank of Japan raised its policy rate by 25bp to about 1.25% in a 7-2 vote, signaling further rate hikes ahead but with board dissent.
Trump says a high-IQ president is the only needed AI guardrail, rejecting other controls. The comments suggest no top-down regulation, boosting the Nasdaq.
Talk of AI doom will not sway Trump.
The only control or “guardrails” that AI needs is a STRONG AND SMART (High IQ!) PRESIDENT, and the U.S.A. has that, in spades! The Trump Administration has stopped AI “people” from doing bad, or potentially bad, “things,“ like Dario (Anthropic!), who is now pretending to be a “perfect little angel” - and we will continue to do so! We already have tremendous CRIMINAL and REGULATORY power over these companies! There is a SICK conspiracy going on against AI and Data Centers, and the only one that is happy about it is China. WHOEVER WINS AI, WINS! We are leading China, and all others, and will continue to do so. Conspiracy Theorists, Treasonists, Traitors, and Leakers, BEWARE! Thank you for your attention to this matter! President DONALD J. TRUMP
It is odd that he mentions a conspiracy, given that Dario, Sam Altman, and Microsoft are the ones urging a slowdown.
Regardless, this signals a green light for the Nasdaq, as top-down regulation appears unlikely for now.
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The Bank of Japan raised its policy rate by 25bp to about 1.25% in a 7-2 vote, signaling further rate hikes ahead but with board dissent.
iCapital raised its 10-year yield forecast to 4.5%-5.3%. A strategist said oil prices, not the Fed dot plot, will decide the outcome.
UBS sees two more RBA hikes to a 4.85% terminal rate after Bullock and Hauser hawkish comments, with markets pricing a 70-75% chance of a September move.
RBA's Bullock signals policy may not be tight enough as oil price risks build, hinting at a possible rate hike.