Christopher Waller

Stock Rebound Eases Ahead of CPI; Anthropic IPO Marketing

Christopher Waller, Kallum Pickering, Tim Cadogan, Jensen Huang, Pete Hegseth, Anna Edwards, Winnie Su, Justina Lee, Olivia Levue, Neil Campling, Matt Bloxham, Ven Ram, Bonnie Quinn, Sven Schneider, Rachel Schilke

Federal Reserve Governor Christopher Waller's advocacy for a potential 50 basis point rate hike has driven U.S. Treasury yields higher and pushed market pricing to near certainty for a December move, while global equities rallied on China's record trade surplus and a European banking-led surge. In the technology sector, Anthropic adjusted its IPO marketing strategy to reflect a valuation of roughly $1.3 trillion, whereas Nvidia navigated complex geopolitical investigations regarding chip smuggling and executive conduct. Concurrently, geopolitical developments included the first U.S.-Russia-Ukraine trilateral talks in months and the GCC's approval of a joint forward command center, even as oil prices fell below $90 per barrel following improved Strait of Hormuz traffic.