Citigroup adjusts Federal Reserve rate cut forecast, delaying until October 2026
--
Citigroup expects the Federal Reserve to cut interest rates by 25 basis points each in October, December, and January 2027, compared to the original forecast for September, October, and December this year.
Jeffrey Gunlak, CEO of DoubleLine Capital, stated on CNBC that Federal Reserve Chairman Kevin Walsh's hawkish signals emphasizing price stability targets have reduced the risk of the Fed implementing overly loose policies and made significant interest rate cuts less likely.
According to Reuters, the European Union's cybersecurity agency ENISA will meet with Anthropic on Thursday to discuss US export controls on advanced AI models. （Cointelegraph）
US President Trump has stated that the US will help Intel in exchange for 10% of its shares, promoting cooperation between Nvidia, Elon Musk's TerraFab, and Apple and Intel to design and manufacture chips in the US. When the United States proposed the plan, Intel was valued at approximately $1 billion. Currently, its valuation has exceeded $6 billion, and the value of the shares held by the United States exceeds $60 billion.
Analyst Dan Taylor stated that SpaceX's valuation is more based on a trust premium towards Musk personally rather than AI driven growth, and believes that Musk's proposed revenue target of $100 million by 2030 is difficult to achieve.
According to the Financial Times, Wall Street financial institutions have put pressure on US regulators to relax the capital requirements of the Basel Accord to avoid weakening the liquidity of the US treasury bond bond market, which has reached $29 trillion. Eight large US banks estimate that the latest proposal will lead to a 30% to 89% increase in capital requirements for banking operations.
