Federal Reserve (Fed) Bank of Dallas President Lorie Logan struck a nervous tone on Friday, warning that despite a rapidly-weakening labor market, a lot of potential policy moves could accidentally spark another round of renewed inflationary pressures.
The US Dollar (USD) is trading heavy within its recent range as narrowing US-G6 rate spreads cap relief rallies. With payrolls sidelined by the government shutdown, today’s ISM services print will guide near-term sentiment, BBH FX analysts report.
Decentralized Finance (DeFi) tokens, such as Ether.fi (ETHFI) and PancakeSwap (CAKE) are leading the broader cryptocurrency market rally at the time of writing on Friday, with the meme coin SPX6900 (SPX) following suit.