Industry sources say ChangXin Memory's LPDDR6 (sixth-generation low-power double-data-rate memory standard) is nearing the end of R&D validation, a key pre-production step ahead of mass production.

LOGAN said inf risks are tilted upward and a still-robust labor market is modestly strengthening. Monetary policy is not currently restraining the economy and inf is not moving toward the 2% target; the FOMC should not rely on shocks to achieve its goal. He said he leans toward a 25bp rate increase to better balance the outlook and risks, and that recent modest action reduces the likelihood of needing larger moves later. Absent policy restraint, inf could remain above target until an unexpected shock occurs.

The New York Times reports Fed Chair Kevin Warsh is considering reducing the frequency of Federal Open Market Committee (FOMC) policy meetings. The 12-member FOMC currently meets eight times a year to vote on interest-rate decisions. Four people told the paper Warsh raised the legal basis for a minimum annual number of meetings and discussed a potential timeline at a Fed meeting this week. He asked officials to submit their views rather than holding a full agenda debate. The change could trigger significant disruption and would mark the most significant alteration to Fed operations in years.