Bitcoin's soft-inflation pop to $85,500 fades as bond yields refuse to fall

Governor Christopher J. Waller spoke at Sibos 2026 in Miami. AI agents can plan and execute multistep processes and transact autonomously. Agentic commerce has two models: agent assisted, where the buyer stays in control, and agent delegated, where the buyer grants an agent authority to shop and pay. The biggest barrier to scaling the agent-delegated model is trust: authentication, liability, and fraud. Authentication shifts from proving a buyer is an authorized payer to proving an agent has authority to pay on the buyer's behalf. Micropayments for language-model queries, price data, and API calls favor payment rails with lower flat fees. Meeting this moment requires a proactive approach that balances innovation with the safety, integrity, and stability that underpin trust in payments. As-of Tue 29 Sep 2026. Federal Reserve.

SCB volatility halves via a two-year average and a Jan 1 SCB date. SVB: 94% uninsured; staff knew by March 2022; 96% of chatter after failure was inevitable. As-of Fri 18 Sep 2026, revised 17:07 GMT. Federal Reserve.