Finance

The Cleveland Fed president said that tighter monetary policy would be needed to bring down inflation. Cleveland Federal Reserve President Beth Hammack said Monday that tighter monetary policy might be needed to bring down inflation and the central bank should make fast, incremental adjustments. "When feasible, I generally think it's preferable to make smaller adjustments, and to do so relatively quickly, rather than to wait and risk needing a larger.

Finance

Traders think there's little chance core inflation, which excludes food and energy prices, will fall to 2.2% this year. Traders on prediction market platform Kalshi think inflation likely reached a peak for the year, though they don't see a sharp move lower anytime soon. Traders think the September consumer price index, due Wednesday at 8:30 a.m. ET, will show a 3.6% increase year over year. That's in line with a.

Finance

Why Priya Misra, a portfolio manager at the firm, is looking to take credit risk in high-quality companies. J.P. Morgan Asset Management is making a bullish call on an underinvested market group: high-quality fixed income. Priya Misra, a portfolio manager at the firm, sees a once in a generation opportunity for investors. "You can actually take credit risk in the highest quality companies and still get a 6.5% yield, Misra.

Finance

Blockchain.com is seeking CFTC designation and registration to offer U.S. event contracts and cryptocurrency derivatives. Blockchain.com, a digital asset platform, wants to get in on the prediction market boom in the U.S. The company has filed for two licenses with the Commodity Futures Trading Commission to feature event contracts as well as cryptocurrency derivatives to retail and institutional customers in the U.S., Blockchain.com told CNBC. Blockchain.com is asking the CFTC.

Finance

Nasdaq CEO Adena Friedman said tokenization could free up tens of billions of dollars in trapped capital. Tokenization could free up tens of billions of dollars in capital tied up in assets used as collateral across the global financial system, Nasdaq CEO Adena Friedman said. Tokenizing assets such as Treasurys, equities and money market funds, along with the flow of money, could make collateral more liquid, Friedman told CNBC's Joanna.

Finance

Gas prices are expected to remain above $4 per gallon on Nov. 3, according to traders on prediction market platform Kalshi. Affordability is seen as one of voters' top issues heading into the 2026 midterm elections. And gas prices — one of the items where consumers are getting squeezed the most — are expected to remain elevated through Election Day. Speculators on prediction market platform Kalshi give an 87% chance.