Haidar Capital Management founder Haidar stated that the Federal Reserve may need more rate hikes than market expectations to push inflation back to target levels. Haidar Capital Management expects that the Federal Reserve will raise interest rates at least once each in December 2026 and March 2027, and at least 4 to 6 rate hikes are needed to have a significant impact on inflation. (Source: Jin Shi)

US and Chinese officials held their second day of talks in New York on Monday, focusing on advancing consensus on artificial intelligence, investment, and trade. Chinese Vice Minister of Finance Liao Min stated that the focus of the talks is to implement the agreed matters between the two countries' chief negotiators. US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng have agreed to establish a US China AI dialogue mechanism. US Trade Representative Jamieson Greer said that both sides are discussing extending the trade ceasefire agreement that expires in November for 3 to 6 months. (Source: Bloomberg)

Collins of the Federal Reserve stated that as the labor market improves, monetary policy can focus on timely restoring price stability, especially after five and a half years of high inflation.

Collins of the Federal Reserve stated that a slightly more restrictive federal funds rate would help ensure that inflation continues to fall back to target levels.

Ondo Stocks, a tokenized securities platform under Ondo Finance, has launched on the NEAR mainnet and connected to NEAR Intents. It supports 20 tokenized US stocks, ETFs, and commodity assets, including Tesla, Nvidia, Apple stocks, as well as QQQ, gold, and silver ETFs. Eligible users can access assets through the NEAR mainnet and distribute them to wallets and applications connected to the network using NEAR Intents. The total locked up value of Ondo tokenized securities platform exceeds 1 billion US dollars, with a cumulative trading volume of over 26 billion US dollars.