Michael Saylor reiterated his intention to destroy bitcoin keys after his death, describing it as a "proportional contribution to everyone in the world who owns bitcoin".
Kashkari, president of the Federal Reserve Bank of Minneapolis, reiterated his preference for a slower pace of interest rate cuts in the coming quarters. He backed the Fed's larger-than-usual rate cut last month but said he expected smaller cuts at future meetings. "Right now I'm forecasting more modest rate cuts in the coming quarters to be near neutral, but that will depend on the data," Kashkari said, referring to interest rates that neither stimulate nor constrain the economy. He said faster...
Bernstein analysts have reiterated their predictions that bitcoin prices could reach $80,000 to $90,000 if Donald Trump wins the presidential election next month. Although analysts expect bitcoin to be in either outcome...
Citi: Reaffirms its 0-3 month forecast for silver at $35 an ounce and its 6-12 month forecast at $38 an ounce.
JPMorgan reiterated its forecast that the Federal Reserve will cut interest rates by 50 basis points this month.
Elon Musk wrote on X: "Just wanted to reiterate that this platform is indeed designed to support all views within the law of various countries, even those that I strongly disagree with and personally dislike. Shout at me if you don't do it at X (preferably on X) "
Bowman, the governor of the Federal Reserve, reiterated that interest rate cuts are appropriate if inflation continues to slow.
Fed Governor Bowman reiterated that a rate cut would be appropriate if inflation continues to slow; that there has been some recent progress in reducing inflation, but it remains disturbingly above the Committee's 2 percent target; that unemployment, despite rising, remains historically low; and that there are still upside risks to inflation.
Jamie Dimon, CEO of JPMorgan Chase, reiterated that a recession remains the most likely outcome for the U.S. economy, insisting that there is only a 35% to 40% chance of a "soft landing". In an interview with CNBC, Jamie Dimon highlighted the continued uncertainty facing the market, pointing to geopolitics, housing, deficits, spending, quantitative tightening, elections, all of which could cause panic in the market. While he was cautious, he acknowledged that the economy is performing better tha...
The OPEC + Joint Ministerial Monitoring Committee (JMMC) reaffirmed that the phasing out of voluntary production cuts could be suspended or reversed.
The Federal Reserve has reiterated that it will not cut interest rates until it has greater confidence in inflation.
The Fed reiterated that it would wait for confidence in containing inflation to grow before cutting interest rates; the FOMC focused on the "two-way risks" of the dual mandate; and unemployment was "up but still low."