August's hotter-than-expected inflation data has intensified pressure on Federal Reserve Chairman Kevin Warsh to raise interest rates at the Fed's September 15-16 meeting. Warsh has emphasized that inflation remains above the Fed's 2% target and should be the central bank's main focus, contrasting with other Fed officials who prefer waiting for more data. If Warsh does not act, he risks appearing weak in his leadership amid internal and external scrutiny, especially with political pressures ahead of the November midterm elections. The upcoming meeting will be crucial in defining Warsh's control over Fed policy and the central bank's direction on inflation.
Bittensor (TAO) experienced a 7% price decline in the past 24 hours, continuing a losing streak since early September. Open Interest fell by over 14%, signaling weak demand in both spot and derivatives markets. Despite a recent rally to nearly $280, ...
Jupiter (JUP) surged 8.64% to $0.2477, driven by expanding decentralized applications and growing user interest in its ecosystem. In contrast, Cosmos Hub (ATOM) fell 8.78% to $1.65 due to worries over network upgrades and interoperability issues. Thi...
Oracle founder Larry Ellison has set up a trading plan allowing him to sell up to 50 million shares, worth about $7.5 billion, by October 24. This is unusual as Ellison has rarely sold large amounts of Oracle stock before, holding over 40% of the com...
Bitcoin briefly fell to about $76,050 following the release of the US inflation report, which showed a 0.4% increase in the Consumer Price Index for August and a core inflation rise of 0.3%, slightly above expectations. Despite this, Bitcoin quickly ...
J.P. Morgan has appointed Nelle Miller and William Sinclair as co-CEOs of its U.S. Private Bank, a major wealth management division with over $2.4 trillion in client assets. Miller and Sinclair bring extensive experience in wealth management and clie...
