Fed official: Too early to call on inflation

Supply shocks and AI-related demand are blurring inflation signals for the Fed, increasing uncertainty for policy decisions.

A Fed official stated that inflation is difficult to control and the possibility of further rate hikes cannot be ruled out, increasing hawkish concerns in the market.

US Treasury Secretary Scott Bessent announced the seizure of $1 billion in Iranian state cryptocurrency assets as part of economic sanctions.

The explosive growth of artificial intelligence is fueling a massive infrastructure buildout, but Moody's raises fears about AI data center funding as Apollo shops a huge debt deal for Anthropic.