Global Finance and Technology 📈

• Fed Chair Worshi Hints: October Rate Freeze Probability Surges Federal Reserve (Fed) Chair Worshi stated at the IMF summit in Bangkok that while the latest inflation data was higher than expected, it did not shake his view on the economy. This remark significantly lowered market expectations for a Fed rate pause this month to 15%. Worshi also highly praised AI as "the most profound economic transformation I have ever seen." • EU Summit Focuses on China Trade Imbalance The two-day EU leaders' summit concluded, with a focus on the annual €360 billion trade deficit with China. European Council President Costa emphasized the need to ensure fair competition for European companies, and the EU is seeking support from member states to push for new trade defense measures.