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Christopher Waller is a member of the Federal Reserve's Board of Governors, helping set U.S. monetary policy and bank regulation.
Lead Bank has drafted a four-party waterfall that assigns liability for AI agent errors, American Banker reported. Bain projects US agentic spending of up to $500 billion a year by 2030, and the rules for who pays are still being written.
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Bitcoin fell to about $81,000 on Thursday as Brent crude rose above $105 on reports that the US may strike Iran again. Whether it holds the $82,500 support traders are watching now depends largely on Treasury yields and oil prices.
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Bitcoin extended its selloff on Oct. 8, falling through the $82,180 support level to an intraday low near $80,800, CryptoSlate reported. The next cluster of liquidations that Glassnode models below that low sits near $75,000, about 7% further down.
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Fed Governor Christopher Waller said he expects more rate hikes to bring inflation back to 2%, though they need not come at consecutive meetings. For anyone borrowing at short-term rates, the open question is now timing, and the Oct. 27-28 FOMC meeting is the first chance to act.
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Wireless telephone services rose 5.9% in August, the most the BLS has ever recorded for the category, and without that one line core inflation rounds to the 0.2% economists expected. Traders moved hike odds to 85% anyway.
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Fed Governor Christopher Waller said AI agents now account for about half of visits to FRED, a site whose traffic is growing 150% a year. The Fed is adapting its flagship database for the software that now sits between official data and the people who use it.
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Bureau of Economic Analysis revisions cut July's core-services PCE inflation by 34 basis points to 3.35%, partly via new methods for three categories. August came in at the same 3.35% on the new method, so the revision lowered the level of inflation without slowing it.
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Fed Governor Christopher Waller, who oversees the Fed's payments operations, told Sibos 2026 that AI in payments, agents included, could require new rules. His remarks stop short of a proposal, so firms building agent payment flows have to judge where supervisors will look first.
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Trump's 2025 executive order and the GENIUS Act's one-for-one reserve rule make stablecoin growth a bid for Treasury bills. The bank consortium's coin is due in the first half of 2027, while Treasury's rulemaking runs into 2028.
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James Reilly's September 10 report has the S&P 500 cracking next year and eventually falling at least 30% from its high, while Morgan Stanley Wealth Management's committee still carries a year-end target of 8,000.
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CME FedWatch put the odds of an increase at the Sept. 16 meeting near 90% after August's core reading, and Capital Economics expects two further quarter-point moves by March 2027. The August data predates $100 oil.
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The August print matched expectations, the 30-year touched its highest since June 2004 before settling at 5.309%, and QCP Capital says the competing risk-free rate is the worst mix Bitcoin can face.
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Fred Ehrsam's Primavera holds a production-sharing contract with PDVSA in the Orinoco Belt, where Rystad Energy expects significant new output only around 2035 and calls execution, not geology, the binding constraint.
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Traders are waiting on Thursday's PPI and Friday's CPI, but the order book already brackets spot at 78,800 and 80,500, and with a quarter-point hike 58.4% priced there is less left for the Sept. 16 meeting to move.
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A hawkish Bank of Japan board member and talk of GPIF repatriation moved the yen 3.2% in two days, but the 16 trillion to 17 trillion yen short book JPMorgan describes has not been forced to cover anything yet.
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One conditional line from Christopher Waller moved September hike odds from 63.2% to a coin flip. The squeeze that followed force-closed $415 million of shorts against $92 million of longs -- forced buying, not investor demand.
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Fed funds futures went from 63% positioned for higher rates to roughly even in a single morning, and the number doing most of the work may be a Commerce Department measurement change worth 20 basis points.
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The Federal Reserve's inspector general traced twelve improvised director-selection processes to the absence of written guidance from Washington. The Board has agreed to produce some by the middle of next year, roughly six years after the conduct under review began.
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