Welcome to Markets Desk, here's what's moving right now.
Goldman Sachs is telling clients the Federal Reserve will hold rates steady in September, barring any dramatic shift in the data. The call reflects Goldman's read that inflation is cooling just enough to keep the Fed on the sidelines, removing one layer of uncertainty that's been hanging over equity and bond markets alike.
Shifting to energy, Vista Energy jumped five percent in premarket after Peter Thiel's hedge fund disclosed a seventy-six million dollar stake in the Argentine shale oil producer. Thiel's entry is a notable vote of confidence in Argentina's Vaca Muerta formation and signals that sophisticated capital is warming to the country's economic reopening under President Milei.
And in the crypto space, Tether CEO Paolo Ardoino is making a significant pivot toward artificial intelligence, even as the stablecoin giant just completed a landmark KPMG audit of its reserves, which include roughly one hundred fifty tons of physical gold stored in Switzerland. Ardoino is positioning Tether not just as a dollar proxy but as a broader technology platform, a strategic stretch that will draw scrutiny from regulators and competitors alike.
That's the tape. Markets Desk, signing off the floor.
