On June 24, U.S. Treasury Secretary Bessent stated that Federal Reserve Chairman Walsh has made strong remarks on inflation. President Trump has expressed confidence in Walsh both publicly and privately. (Regarding the Federal Reserve and rate cuts) President Trump is confident in Federal Reserve Chairman Walsh.
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Bessent: Trump Confident in Walsh Regarding the Federal Reserve and Rate Cuts
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On June 24, spot silver fell by 5%, dropping over $3 during the day to approach $58 per ounce, marking a new low since December of last year and a 52% decline from the January peak. New York silver futures experienced a sharp drop of 6%, currently reported at $58.34 per ounce. -
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On June 24, Bloomberg reported that Meta Platforms Inc. and Microsoft Corp. each committed billions of dollars in additional data center leasing expenditures during their most recent fiscal quarters, further increasing the overall investment in the AI sector. These commitments have pushed the total future data center leasing commitments of major cloud computing companies to over $850 billion. An analysis of regulatory filings shows that as tech giants compete to expand their server clusters, the amounts of these leasing commitments have continued to rise over the past year. These future leasing costs are additional to existing leasing contracts and will not appear on the balance sheet until the companies begin actual payments. While these leasing commitments typically pertain to data centers, they may also encompass facilities such as offices or warehouses. Some leasing contracts include specific clauses that allow companies to terminate future performance obligations under certain conditions. -
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