Hammack: More tightening required to curb demand, pace of hikes uncertain
Cleveland Fed President Beth Hammack said rates need to rise further to curb demand and inflation, and she will keep an open mind on the pace of additional…
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Cleveland Fed President Beth Hammack said rates need to rise further to curb demand and inflation, and she will keep an open mind on the pace of additional…
Goldman Sachs says AI infrastructure demand runs ahead of capacity, with power becoming the key bottleneck over chips. Data and security platforms are top…
Broadcom CEO Hock Tan likened many AI investors to casino gamblers in Singapore. He still sees $230 billion in AI chip sales by 2028.
Crude gained on Monday amid Russia-Ukraine tensions and Saudi Arabia's promise of response to Houthi attacks.
US stocks closed mixed to start the week, with the Dow rising but the Nasdaq falling sharply on declines in AI and chip stocks.
RBA minutes from its September meeting are due Tuesday, with September labour force figures out Thursday. Economists expect unemployment to stay at 4.6%.
Big banks report Tuesday; ASML and TSMC follow. Focus on guidance, AI chip demand, and consumer health.
Bitcoin slid 2% to $82,423 on Monday, extending its weekly loss to 3%. Analysts point to potential bottom signs in October.
Crude oil prices surged to their highest since late September, driven by Middle East tensions and a technical breakout above key resistance.
The US dollar index hit a fresh 18-month high near 102.56, weighing on bitcoin and equities as traders anticipate another Fed rate hike.