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...
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.
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."