Why Wall Street giants build tokenization money for institutions, not regular consumers
JPMorgan and Citi move billions in tokenized deposits, but only among their branches. A U.K. challenger bank is about to do something neither has done.
The Federal Reserve aims to reduce the US inflation rate to 2% by 2029 with slightly higher interest rates. According to MarketWatch, this marks a shift in the Fed's approach after over five years of not meeting this goal.
Wall Street is expecting key updates on the US housing market and weekly unemployment figures. This comes as investors prepare for a potentially quiet week, with CNBC's Jim Cramer noting that September is historically a difficult month.
Banks are anticipating significant investment in European data-centre bonds, with expectations of $5bn to $10bn this year, driven by the region's acceleration of AI infrastructure build-out, as reported by Moneyweb.
Brief written by urgent.news from MarketWatch Top, CoinDesk, Winnipeg Free Press, Moneyweb, CNBC — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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