Traders will be bracing for key inflation data later this week, including from Japan and Australia.
announced on Monday that it will invest up to $4 billion in AI startup Anthropic and take a minority ownership position in the company. The move comes as Amazon looks to capitalize on the generative AI boom.
"So we're just going to have to play by ear the how much is still coming down the pike versus how much was expected and was was already in there," the central bank official said during a CNBC"Squawk Box" interview."But I think we're getting close to this spot where it's going to be more about the how long we hold rather than how high we go."
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