Apple CEO Cook: WWDC Developer Conference Will Focus on Apple Intelligence and Siri
Apple CEO Tim Cook: The WWDC Developer Conference will focus on Apple Intelligence and Siri.
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Three Federal Reserve officials turn hawkish on the same day, market expects probability of rate hike in October to rise to 69%
On Thursday, the President of the Philadelphia Fed stated that further tightening of policy may be necessary; the President of the New York Fed said that another rate hike within the year is reasonable; the President of the Cleveland Fed indicated that the risk of inflation expectations becoming unanchored has increased significantly. Previously, on Wednesday, Federal Reserve Governor Michael Barr mentioned that further policy adjustments may be necessary; on Tuesday, the President of the Richmond Fed stated that the risk of entrenched inflation is rising. Driven by hawkish comments from officials and strong economic data, market expectations for a rate hike in October have risen from 53% last weekend to 69%.
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