The Federal Reserve will purchase $10 billion worth of Treasury bonds and reinvest $16.5 billion

European Central Bank Managing Director Kaasik stated that the main reason for the interest rate hike is the worrying surge in inflation, and it is currently difficult to say when the next rate hike by the European Central Bank will come.

A de-escalation in the Iran conflict pulled oil lower and sent global stocks higher, lifting crypto out of a wildly volatile seven days.

The European Central Bank's Managing Director Dorenc stated that the current rate hike can only keep up with the baseline level.

European Central Bank Managing Director Dorenc stated that service sector inflation is stubborn and difficult to cope with.

Micron Technology closed up 11.7% on Thursday, driving the global storage chip sector to rebound. Morgan Stanley analysts stated that this round of adjustment is a phased pullback in the upward cycle, with the construction of artificial intelligence infrastructure driving up DRAM demand. Wolf Research points out that the demand for AI data centers exceeds the growth rate of supply, and DRAM and NAND prices will remain high in the coming years. Analysts remind that the storage cycle is caused by oversupply due to supply expansion, and the high prosperity will continue until 2028 depending on industry capacity discipline and the degree to which AI demand is fulfilled.