Finance

Recent August consumer price data revealed that U.S. core inflation rose 0.3% month-on-month, slightly surpassing consensus estimates. The persistent pricing pressures have prompted market participants to price in an approximately 86% probability of a 25-basis-point interest rate increase at the upcoming Federal Reserve policy meeting.

Major artificial intelligence organizations, including OpenAI and Anthropic, have publicly advocated for a slowdown in model development to better evaluate safety parameters and mitigate existential risks. Furthermore, OpenAI confirmed it will not pursue an initial public offering this year, putting downward pressure on technology equities globally.

The Singapore Exchange is expanding access to its cryptocurrency perpetual futures contracts specifically for accredited and institutional investors based in the United States. This strategic pivot capitalizes on a shifting U.S. regulatory environment and aims to capture market share from decentralized, crypto-native trading venues.