The headlines that the global financial media jointly followed last night and this morning mainly include:
Trump spoiled the progress of the new chairman of the Federal Reserve: the meeting will be announced "slightly early", and the scope has been narrowed to "three or four people".
Bessent said that the Federal Reserve should cut interest rates by at least 150 basis points, and there are 10-11 people on the shortlist for chairman.
3. Apple is planning to make a big splash in the AI field and plans to launch new products such as robots and home security cameras.
The share price of the cryptocurrency company Bullish nearly doubled on the first day of its IPO.
The U.S. interest rate swap shows that traders expect the probability of the Federal Reserve cutting interest rates at its September meeting to be 100%.
The Bank of Canada considered cutting interest rates in July and finally decided to wait and see more data.
Trump spoiled the progress of the new chairman of the Federal Reserve: the announcement will be made "slightly early", and the scope has been narrowed to "three or four people".
U.S. President Donald Trump said that he may appoint a new head of the Federal Reserve "slightly earlier", and the candidate who is expected to succeed Jerome Powell has been compressed to only three or four left.
I will appoint a new chairman at the next-sometime. I think I will announce it a little earlier, this new president. I have already compressed the number of candidates to three or four," Trump said at an event at the Kennedy Center in Washington on Wednesday. These candidates are "all good and all great".
Trump repeatedly and fiercely attacked Powell over the Federal Reserve's decision to keep interest rates unchanged, and also called on him to resign countless times, publicly saying that he was considering whether to dismiss Powell, but later said that he would wait until the end of the Federal Reserve chairman's term in May next year.
Bessent said that the Federal Reserve should cut interest rates by at least 150 basis points, and there are 10-11 people on the shortlist for chairman.
So far, U.S. Treasury Secretary Bessent has most clearly called on the Federal Reserve to start the interest-rate-cutting cycle, and said that the benchmark interest rate should be at least 1.5 percentage points lower than the current level.
"I think we can start a series of interest rate cuts from now on, starting from 50 basis points in September," Bessent said in an interview. "Whatever the model", it implies that the interest rate "should be 150 or 175 basis points lower".
The Federal Reserve last month kept its benchmark interest rate target range re4.25%-4.5%. Bessent said that if Fed officials had previously learned that the labor market data released two days after this resolution would be significantly revised, they might have cut interest rates. On August 1, the U.S. Bureau of Labor Statistics revised down the number of non-farm payrolls in May and June by 258,000.
The meeting in Alaska is one of the latest U.S. efforts to promote a cease-fire in the Ukrainian conflict.
Apple is planning to make a big splash in the AI field and plans to launch new products such as robots and home security cameras.
Apple is planning a strong return to the field of artificial intelligence, and plans to launch a series of ambitious new devices, including robots, anthropomorphic Siri, smart speakers with displays and home security cameras.
According to people familiar with the matter, Apple plans to launch a desktop robot that can be used as a virtual companion in 2027, which will be at the heart of the company's AI strategy. At the same time, smart speakers with display screens are expected to be launched next year, which is one of Apple's plans to enter entry-level smart home products.
Home security is seen as another area of growth with great potential. The new camera will become the core component of Apple's security system and can be used to automate home functions. According to unnamed people familiar with the matter, this strategy helps to enhance the stickiness of Apple's product ecosystem among consumers.
Although Apple's transformation in the AI software field is still in its early stages, executives believe that the reserve of hardware products is a key part of the renaissance strategy and will help it challenge Samsung Electronics, Meta and other companies in the new product categories.
The share price of the cryptocurrency company Bullish nearly doubled on the first day of its IPO.
The share price of the cryptocurrency exchange Bullish soared on Wednesday after the exchange raised about $1.1 billion through an initial public offering.
The stock opened at $90 in New York Stock Exchange, up 143% from the IPO offering price of $37. The intraday share price once climbed to $118, and finally closed at $68, with an increase of more than 83%.
On Wednesday morning, the company priced its IPO far beyond the expected range of $32 to $33 this week and also higher than the initial range of $28 to $31 last week. Before the start of the deal, the company was valued at nearly $5.6 billion. Calculated as 15068.4 million shares of outstanding shares, Bullish's market value at the close of the day was approximately $10.25 billion.
Bullish issued 30 million shares in its IPO, accounting for 19.9% of its total share capital.
U.S. interest rate swaps show traders expect a 100% probability of a rate cut at the Federal Reserve's September meeting.
The overnight index swap (OIS) contract linked to the Federal Reserve's session fully digested the expectation that the Federal Open Market Committee (FOMC) meeting in September would cut interest rates by 25 basis points later on Wednesday, and a large number of transactions occurred in the federal funds rate-period huo contract.
Before 3 p.m. New York time, the federal funds rate was actively traded in contracts in August and October, and the guaranteed overnight financing rate (SOFR) was widely traded in contracts in September 2025.
The OIS interest rate, which is linked to the Federal Reserve's September policy meeting, thus dropped to an intraday low, close to 4.08%, indicating that the probability of a 25-basis-point interest rate cut is 100%.
Viewed from the more distant end of the swap curve, the market currently expects that the remaining three FOMC meetings this year will cut interest rates by a total of 62 basis points, while it was 59 basis points at the close on Tuesday.
The Bank of Canada considered cutting interest rates in July and finally decided to wait and see more data.
The Bank of Canada considered cutting interest rates at its last meeting, but due to trade uncertainty and stubborn core inflation, officials finally decided to keep borrowing costs unchanged.
At the July meeting, central bank policymakers discussed the possibility of cutting interest rates by 0.25 percentage points.
