Former CNBC executive Jay Yarow has joined CoinDesk as the president of CoinDesk Insights, overseeing the media and events business, succeeding Sara Stratoberdha who has been reassigned to Bullish, with the aim of strengthening CoinDesk's position in the relevant fields.

According to ChainCatcher news and reports from Jin10, Vanguard, a global large asset management company, stated that due to the massive capital expenditure boom in the field of artificial intelligence driving the economy's sustained rise, the Fed's rate cut is expected to be much lower than Wall Street's current widespread expectations. Sara Devereux, head of fixed income, predicts that the Fed may cut rates one to two more times next year, a forecast that sharply contrasts with the market's general bet on three to four rate cuts by the end of 2026.