Trump reiterated his hope for lower interest rates, stating that holding steady is better than raising rates and expressing great respect for Warsh.
Trump also stated that Iran is very eager to reach a reconciliation, and once the situation in Iran stabilizes, oil prices will fall to $55 per barrel. He expects inflation by year-end to be lower than it is now.
Wash ends his Capitol Hill visit! A summary of what he said over the past two days.
To truly establish and maintain the Federal Reserve's credibility in the coming months, he must deliver a performance in combating inflation and resisting political interference that genuinely convinces both the markets and Congress.
Futu Morning Brief | Trump criticizes New York's pause on AI data center approvals; Warsh reaffirms Federal Reserve independence; Jensen Huang appears in Tokyo to advance AI and robotics collaboration; Anthropic may launch IPO as early as October
Trump reiterated his hope for lower interest rates, stating that holding steady is better than raising rates and expressing great respect for Warsh; reports indicate Apple is seeking to acquire a chip company to accelerate its AI server capabilities.
Express News | Trump: New York State Should Immediately Reverse Its Data Center Policy
Federal Reserve Governor Cook: Inflation risks have now outweighed employment risks, and action will be taken if inflation does not subside.
Federal Reserve Governor Cook warned that the AI investment boom, combined with supply shocks from tariffs and Middle East conflicts, is tipping inflation risks above employment risks. Although the June CPI declined month-over-month for the first time in six years, inflation remains nearly double the 2% target. Cook stated clearly: "If I don't see signs of inflation moving lower, I am prepared to act."
Top 20 by Trading Volume | Listed stocks experienced a roller-coaster session! SK Hynix fell 9%, Micron and SanDisk declined 8% each; Apple rose 4% to a record high on news of a potential AI chip company acquisition; ASML Holding may raise prices for its
Micron Technology, which ranked first in trading volume on the U.S. stock market on Wednesday, fell by 8.02%. Chip stocks across the board plunged on Wednesday. Western Digital, ranking second, dropped 8.12%. U.S.-listed memory stocks broadly declined on Wednesday. Some analysts believe investors appear to be reducing their risk exposure to key semiconductor stocks and reallocating capital into select large-cap technology stocks.