Wall Street is betting on a significant move from the Federal Reserve, with favorable inflation data boosting market sentiment. Traders are increasing positions on interest rate cuts, and some strategists expect an extraordinary reduction. #Fed #InterestRates #FiatNews
Analysts predict further growth for gold, with some forecasting prices could exceed $4,000 per ounce, following President Trump's confirmation that the precious metal will be exempt from new tariffs. #Gold #FiatNews
Perplexity AI has made an unexpected $34.5 billion offer for Google Chrome, though analysts suggest the motive behind the bid might be different. #PerplexityAI #GoogleChrome #FiatNews
Rick Rieder believes new technologies, especially AI, will significantly change the economy and reduce production costs, potentially helping to manage government debt. He expects AI's impact to be faster than the internet's, and sees current valuations of large tech companies as reasonable given their growth rates and profitability. #Technology #AI #FiatNews
Rick Rieder of BlackRock indicates that the longer end of the yield curve is less attractive due to high projected budget deficits and potential vulnerability to continued inflation. He finds shorter-term bonds more appealing given their current yields. #Bonds #FiatNews
BlackRock's Rick Rieder sees negative pressure in the housing market and a long-term disinflationary outlook as reasons for the Federal Reserve to cut interest rates now. He notes that if the Fed lowers rates to 3.25%, they would still be above the expected inflation rate of under 2.75%. #InterestRates #FiatNews
Rick Rieder of BlackRock suggests the US economy, driven by services, can grow despite debt. He anticipates disinflationary pressures from new technologies, which could also help reduce government debt-to-GDP ratios through increased economic growth. #Economy #FiatNews
The 'Magnificent Seven' tech stocks, including #NVDA and #MSFT, have surged nearly 50% since April, driving Q2 S&P 500 earnings growth. Robust earnings have alleviated concerns about excessive spending on AI development. #TechStocks #AI #FiatNews
Market volatility has significantly decreased. The VIX index is at its lowest since December, and the MOVE index for bond market volatility is the calmest since 2022, indicating strong investor confidence. #VIX #MarketVolatility #FiatNews
Swap markets are pricing in a 90% chance of a 25-basis point rate cut by the Fed in September, with some traders anticipating an even larger 50-basis point reduction. #FederalReserve #InterestRates #FiatNews
U.S. stock markets are reaching new record highs, driven by hopes for an imminent Fed rate cut. The S&P 500 is up nearly 30% from its April low and 12% since Trump's election victory in November. #SP500 #StockMarket #FiatNews
Favorable U.S. inflation data has eased stagflation concerns, paving the way for potential monetary policy easing. Risk assets, including small-cap stocks, emerging markets, and tech giants, are seeing sharp gains, while volatility indicators are falling. #Inflation #Markets #FiatNews
U.S. Treasury Secretary Scott Bessent urged the Federal Reserve to cut interest rates by at least 1.5 percentage points, stating that a 50 basis point reduction could start as early as September. He believes revised labor market data suggests rates should be significantly lower. #Fed #InterestRates #FiatNews
Precious metals are seeing price increases today on commodity markets. Gold is up 0.2%, while silver is up significantly more at 1.4%. Other metals are also performing well. #Commodities #FiatNews
German harmonized consumer price index for July rose 0.4% month-over-month and 1.8% year-over-year, aligning with estimates. #Inflation #FiatNews
European indices are also rising today. The #FTSE100 is up 0.2%, the #CAC40 is up 0.6%, and the broader Euronext 100 is up 0.7%. The German #DAX leads with a 0.75% gain following consistent German inflation data. #FiatNews
U.S. equity indices continue yesterday's gains, driven by favorable inflation data and news of an extended trade truce between the U.S. and China. $SPX futures are up 0.3%, $DJIA adds 0.35%, and $NDX is up almost 0.4%. #FiatNews
On currency markets today, GBP, JPY, and CHF are strengthening the most. The USD is weakening against most major currencies. #Forex #FiatNews
After several days of decline, gold prices are rebounding. Other metals are also seeing growth, with silver performing best. #Gold #Silver #FiatNews
U.S. stock markets maintain positive momentum today, with futures on major indices showing gains. This positive sentiment is also evident in European markets. #StockMarket #FiatNews