Central-Bank Week Opens With Dollar Up, Stocks Down
The dollar rises against major currencies while US stock futures fall on AI concerns and Middle East tensions, as markets await Fed, BOE, and BOJ decisions.
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The dollar rises against major currencies while US stock futures fall on AI concerns and Middle East tensions, as markets await Fed, BOE, and BOJ decisions.
Musk says Grok 5 could be the model that achieves AGI, outlining performance expectations for Grok 4.7 through 4.9.
Canada's August CPI matched expectations at 3.0% year-on-year, while core measures were mixed and the Canadian dollar fell on reduced rate hike odds.
European markets fell as oil surged and Fed rate hike bets topped 90%, with AI concerns also weighing on stocks.
South Korea's economy is booming on AI chip demand, but the Bank of Korea warns the concentration poses a financial stability risk if the cycle turns.
Rate hike expectations rose across major central banks last week after oil surged past $100, stoking inflation fears.
India's August retail inflation rose to 4.82% from 4.45% in July, firming the case for an RBI rate hike in October.
The Bank of Japan is widely expected to hike its policy rate to 1.25%, the highest since 1995, while bitcoin remains stable ahead of the decision.
Former FTC commissioner Alvaro Bedoya dismisses AI extinction warnings as a strawman, arguing antitrust is no barrier to safety coordination among labs.
Gold prices have fallen below $4,300, with a break of technical support levels potentially triggering a deeper selloff before the Fed decision.