Let's start with Lisa Cook. She's involved in this Fed decision, and yet the president still seems to be trying to get her off the Fed. How is that happening and how might still some legal actions impact anything she does at this Fed meeting. Well, it doesn't look like anything's going to impact what she does at this Fed meeting because she's already there.And we have not heard that the White House has actually filed its appeal to the Supreme Court. So we're not expecting any immediate moves from the justic ...

as we're about the midpoint of the day, but we have this very important Fed meeting. We all think we know what's going to happen. Jim, you and I were just talking before the show about the backdrop, about where we're sitting.Um, sort of frame it up for us. I think we all know what we think is going to happen from the meeting. What.Well, you know, we have a Fed chair and a Fed open market committee that doesn't like surprises. So, I think the 25 basis points is is probably baked in at this point in time. It ...

The Federal Reserve is expected to announce its first interest rate cut this year on Wednesday despite signs of tariffs pushing inflation higher amid rising concerns about the labor market. Policymakers on the Federal Open Market Committee (FOMC) are expected to cut the benchmark federal funds rate by 25 basis points, the first since December 2024, which would lower the target range to 4% to 4.25%.Markets have priced in a cut, with the CME FedWatch tool showing a 96% chance of a 25-basis-point cut and a 4% ...

Core Insights - The U.S. Federal Reserve's anticipated interest rate cut has led to significant inflows into Bitcoin and Ethereum ETFs, totaling $619.73 million [1] - Ethereum ETFs have seen a resurgence in interest, with $359.73 million in daily net inflows on September 15, contributing to a total of over $1.09 billion in inflows over five days [2] - Bitcoin ETFs command a total of $151.72 billion in net assets, representing 6.6% of Bitcoin's market cap, while Ethereum ETFs hold $29.72 billion, or 5.46% of Ethereum's market cap [3] Bitcoin ETFs - Bitcoin ETFs recorded $260.02 million in daily net inflows on September 15, marking a total of over $2.6 billion in inflows over five consecutive days [5] - Despite a challenging period in August with $751.12 million in monthly net outflows, Bitcoin ETFs managed to maintain a strong position with $6.02 billion in inflows in July [6] Market Trends - The overall crypto market cap has increased by 0.5% to $4.01 trillion over the past 30 days [7] - Bitcoin's price has risen by $115,405 over the past week, while Ethereum has increased by 3.87% to $4,501 [8]

Core Viewpoint - The dollar index is experiencing a decline due to expectations of interest rate cuts by the Federal Reserve, alongside mixed economic indicators from the US and Europe [1][5][6]. Economic Indicators - US retail sales for August increased by 0.6% month-over-month, surpassing expectations of 0.2% [3]. - Retail sales excluding automobiles rose by 0.7% month-over-month, exceeding the forecast of 0.4% [3]. - The US manufacturing production unexpectedly rose by 0.2% month-over-month, contrary to expectations of a 0.2% decline [3]. - The NAHB housing market index for September remained unchanged at a 2.75-year low of 32, which was below the expected increase to 33 [4]. Federal Reserve Expectations - The market is pricing in a 100% probability of a 25 basis point rate cut at the upcoming FOMC meeting, with an 84% chance of a second 25 basis point cut at the next meeting on October 28-29 [5]. - Overall, the market anticipates a total reduction of 69 basis points in the federal funds rate by year-end, bringing it down to 3.64% from the current 4.33% [5]. Currency Movements - The euro is appreciating against the dollar, up by 0.69% and reaching a 4-year high, driven by dollar weakness and central bank divergence [6]. - The European Central Bank (ECB) is perceived to be nearing the end of its rate-cutting cycle, contrasting with the Fed's expected rate cuts [6]. Eurozone Economic News - Eurozone Q2 labor costs increased from Q1, indicating rising costs in the region [7]. - The German ZEW survey for September showed unexpected improvement in economic growth expectations [7]. - However, Eurozone industrial production for July rose less than anticipated, indicating mixed economic performance [7].

Group 1: Delta Air Lines and Aeromexico Joint Venture - Delta Air Lines and Aeromexico are required to terminate their joint venture by January 1, 2026, due to anticompetitive concerns in the U.S.–Mexico City air travel market [2][3] - The Department of Transportation's final order cites that the joint venture has provided both airlines with an unfair advantage over competitors, which Delta claims will harm U.S. jobs and consumers [3][4] - The partnership, established nearly a decade ago, allowed the airlines to coordinate schedules and pricing strategies under antitrust immunity [3][4] Group 2: Federal Reserve Board Appointment - Stephen Miran has been confirmed as a Federal Reserve governor, filling a seat previously held by Adriana Kugler [5][6] - His confirmation was narrowly approved by a Senate vote of 48-47, raising concerns about potential political interference in the Fed [6][7] - Miran's appointment comes as the Fed is expected to cut interest rates by 25 basis points during its upcoming policy meeting [5][6] Group 3: Disney and Webtoon Partnership - Disney is partnering with Webtoon Entertainment to create a digital platform for its comics, acquiring a 2% equity stake in Webtoon [9][10] - The new platform will feature over 35,000 Disney comics, including titles from Marvel and Star Wars, and will be available to Disney+ subscribers [10][11] - Webtoon will operate the service, which will include both vertical and traditional comic formats [11][12]

Has there ever been an interest rate cut with such a long, dramatic, scrutinized gestation period? No matter, Wall Street is already thinking, what have you done for me lately? The Federal Reserve reconvenes today for what may just be the most loaded, and consequential, central bank meeting in modern history. A quarter-point slash is now all but certain to be announced tomorrow — and indeed Fed Chairman Jerome Powell has hinted as much since the group’s last meeting in July. But is the seemingly never-end ...

北京时间本周四凌晨，美联储公布了最新利率决议，维持利率不变但释放关键鸽派信号。决议公布后， 黄金价格剧烈波动，最终站稳 2340 美元 / 盎司上方。这场全球瞩目的货币政策会议，将为黄金后市走 向提供哪些关键线索？投资者又该如何布局？ 一、美联储决议核心要点解读 本次会议释放了三个关键信号： 降息路径明确：点阵图显示 2024 年预计降息 1 次（3 月预期为 3 次），2025 年再降息 4 次 承认通胀进展：声明中新增 "通胀已有所缓解" 的表述，承认抗通胀取得进展 放缓缩表速度：从 6 月起将国债减持速度从每月 600 亿美元降至 250 亿美元 市场即时反应： 美元指数暴跌 0.8%，创一个月新低 黄金短线震荡后最终收涨，站稳 2340 关口 美债收益率全线下跌，2 年期收益率跌穿 4.75% 二、黄金多头狂欢的三大支撑 美联储决议为黄金提供了三重利好： 支撑一：实际利率下行趋势确立 美联储降息路径明确，意味着实际利率将进入下行通道 黄金与实际利率呈负相关，利率下行直接提升黄金吸引力 支撑二：美元走弱格局形成 美联储与其他主要央行（如欧央行）的政策差缩小 美元走弱使得以美元计价的黄金更便宜，刺激全球需 ...

U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng pose during U.S.-China trade and economic talks at Santa Cruz Palace, Spain’s main foreign ministry office, in Madrid, Spain, September 14, 2025.LONDON — European stocks lacked direction ahead of the open on Tuesday, as investors assess developments in the U.S.-China trade talks.The U.K.'s FTSE index and Germany's DAX are both expected to open just a touch higher, France's CAC 40 slightly lower and Italy's FTSE MIB is seen opening 0.11 ...

Wall Street Braces for Wednesday’s FOMC MeetingWall Street investors are currently bracing for one of the most highly anticipated, yet uncertain, Federal Open Market Committee (FOMC) meetings/decisions in a very long time. Several story lines make this FOMC meeting in particular interesting. First, President Trump and his administration have aggressively pressured Federal Reserve Chairman Jerome Powell to cut interest rates for months. Meanwhile, several cross-currents exist in this unique economy, includin ...