Wall Street firms line up behind September Fed rate hike
Goldman, JPMorgan and HSBC now expect a 25-bps Fed hike in September, with some predicting further moves.
Goldman, JPMorgan and HSBC now expect a 25-bps Fed hike in September, with some predicting further moves.
Trump urges lowest US rates despite inflation data, markets see 86% chance of Fed hike Wednesday.
Yale and London Business School study finds 3% of Polymarket traders earn 27% of profits, with Wall Street competition eroding that edge.
ECB President Lagarde says inflation shock will persist, warns on AI valuations. Deposit rate at 2.5%.
Kevin O'Leary purchased a unique Shohei Ohtani card for $11 million and wants 5% of his portfolio in sports collectibles.
Traders see 86.9% chance of Fed rate hike next week, contradicting Trump's promises. Kevin Warsh has yet to cut rates since becoming chair.
ECB's Lane warns sustained energy price increases may curb autumn consumption. Odds of consecutive ECB rate hikes are slightly over 50%.
Bitcoin rose nearly 2% to close to $79,000 on Friday, shrugging off data showing U.S. inflation accelerated in August.
University of Michigan consumer sentiment for September came in at 47.8, below the 51.0 forecast.
US CPI data initially boosted September rate hike odds above 90%, but markets reversed with stock futures rising and the dollar retreating.
Bitcoin and gold fell after August core CPI rose 0.3% MoM, above the 0.2% forecast, raising Fed uncertainty.