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US Diesel Inventories Fall to Seasonal Record Low

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US diesel inventories have fallen to a seasonal record low, according to Bloomberg, as demand season approaches.

The tighter supplies may push diesel prices higher as heating and agricultural activity begins in the coming months.

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Nvidia AI Spending and Revenue Outlook in Focus Ahead of Earnings, Says Mizuho's Rakesh

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Nvidia Corp.'s AI spending trajectory and revenue outlook are expected to be the primary focus as it reports results on Wednesday, according to Bloomberg and comments by Mizuho Securities analyst Vijay Rakesh.

Rakesh noted that investors will closely watch AI spending and revenue guidance. He shared these remarks on Bloomberg Open Interest with Dani Burger and Yahaira Anand.

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Dollar climbs after PCE data, recouping about half of buyback losses

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The dollar rose the most in nearly four weeks, erasing about half of the losses sparked by last week’s surprise move by Treasury Secretary Scott Bessent to back the bond market, according to Bloomberg.

The move came as inflation data reinforced expectations that the Federal Reserve could begin lifting interest rates by the end of the year.

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Google Unveils Tools to Counter AI Price War

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Google has rolled out a new set of tools intended to counter pricing pressure in the artificial intelligence sector, according to ChainCatcher.

The report notes that Google described the tools as designed to address pricing dynamics in the AI market.

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Trump Eyes Four Openings to Expand Fed Influence

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President Donald Trump has pursued a strategy to broaden his influence over monetary policy by removing Federal Reserve officials and replacing them with his own appointees. Odaily reports that court challenges and Senate resistance have slowed these efforts, but four openings remain: the Lisa Cook case, Powell's term, Jefferson's status, and a candidate for the Atlanta Fed presidency.

The central question is not only who joins the Fed but how such changes could reshape the voting balance on the Federal Open Market Committee.

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Dallas Fed: Tokenized Deposits Could Reduce Banks' Long-Term Rate Risk Capacity

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Dallas Fed economists estimate that tokenized deposits could reduce U.S. banks' capacity to hold long-term interest rate risk by about $700 billion if savers become 10% more sensitive to rates, a figure reported by Foresight News. A separate scenario puts the decline at roughly $580 billion if deposits exit banks 10% earlier.

The calculations assume deposits remain in banks for an average of four years, and that so‑called other deposits currently support about 80% of the industry’s long‑term rate exposure. The researchers say tokenized deposits would move funds on-chain, enable programmable payments and real-time settlement, and could allow yield‑seeking savers to switch banks almost instantly.

They caution that smart contracts and AI agents could automate such movements, weakening deposit stickiness and raising banks' funding costs, which could in turn influence borrowing costs for households and businesses.

A study of Brazil's Pix instant payments network found that greater use of the system has led local banks to hold more liquid assets and reduced the scale of credit intermediation. The Clearing House is developing a tokenized deposit interoperability network for cross‑bank settlement, with involvement from banks including Bank of America, Citigroup and Wells Fargo.

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