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There were previous reports that Meta is considering this move. However, JPMorgan analysts also believe this indicates the company lacks progress in proprietary AI development. "We would rather see Meta develop core AI products, leverage them on its 4 billion user base, and provide large-scale computing power for its own inference needs, rather than selling access to its infrastructure," JPMorgan analysts said in a report. "This still tells us that Meta's appeal for AI products outside of advertising remains limited." Meta's stock price fell by more than 4%.

```htmlJinse Finance reports that on July 3, the U.S. Federal Reserve's overnight reverse repurchase agreement (RRP) usage was $2.175 billion, compared to $1.001 billion in the previous trading day.```

Last month's employment report exceeded expectations, leading to a significant market sell-off. The concern at the time was: what happens to inflation if the economy grows too quickly? Inflation will rise, and the Federal Reserve would have to raise interest rates. This employment report has relieved anyone worried that the Federal Reserve is about to raise rates... This does not mean that concerns about inflation are over, but it does lessen the pressure on the Federal Reserve to raise rates in the short term. The employment report is neither too hot nor too cold, which is encouraging... The rise in the futures market also confirms this. Expand