Good morning and welcome to Markets Desk.
Federal Reserve Governor Christopher Waller signaled this week that a hot inflation print could be enough to put rate hikes back on the table. Officials remain divided on the path forward, but Waller's comments suggest the Fed is not ready to declare victory, and bond markets are paying close attention to every data point ahead.
Shifting to the tech sector, Meta has dramatically expanded its artificial intelligence ambitions, announcing its Hyperion supercluster in rural Louisiana will grow into a five-gigawatt facility carrying a price tag of more than fifty billion dollars. That is up from an earlier estimate of ten billion, a fivefold increase in under two years, and it signals just how aggressively the company is betting its future on AI infrastructure at a scale few rivals can match.
Meanwhile in Europe, regulators are tightening the screws on social media platforms, with EU officials calling for a ban on access for children under thirteen until tech companies can demonstrate their platforms are genuinely safe. The move reflects a growing global consensus that the industry has not done enough to protect young users, and it adds meaningful regulatory pressure on platforms already navigating a difficult policy environment.
That's the tape. Markets Desk, signing off the floor.
