Finance

Federal Reserve Governor Christopher Waller indicated he would favor keeping interest rates unchanged at the upcoming central bank meeting, provided that next week's August inflation data demonstrates positive progress. Following these comments, futures traders significantly scaled back their expectations for an imminent interest rate hike.

Digital assets experienced a substantial relief rally alongside traditional equities as macroeconomic interest rate fears abated. Bitcoin breached the $81,000 threshold with a daily gain of over 5%, while altcoins like Ethereum and Solana mirrored the upward momentum with strong single-digit gains.

Nvidia shares grew nearly 2% following a definitive agreement to acquire open-weight AI platform Hugging Face for $13 billion. Conversely, Broadcom shares experienced post-earnings volatility as investors felt the chipmaker's financial beat was insufficient relative to its AI valuation, and packaged-food producer Campbell's slumped after reducing its dividend by 36% due to profit pressures.