Finance

Federal Reserve Governor Christopher Waller indicated he would favor keeping the central bank's benchmark interest rate steady if upcoming August inflation data remains supportive. The market interpreted these remarks as a sign that immediate monetary tightening could be avoided, helping to temper recent fears of aggressive hikes caused by rising energy costs.

U.S. government bond yields moved lower across the curve as investors repositioned themselves ahead of Friday's nonfarm payrolls report. The benchmark 10-year Treasury yield dropped back to roughly 4.76%, easing from its highest level since late 2023 reached earlier in the week.

Digital assets witnessed a broad recovery, with Bitcoin reclaiming the $81,000 threshold following a gain of more than 5%. Other major tokens like Ethereum and Solana also jumped tracking the broader return of risk appetite following the softer outlook on interest rates.