Thursday, September 17: Fed hike lands. Generac Amazon. Revolut ransom.

Thursday, September 17: Fed hike lands. Generac Amazon. Revolut ransom.

The Triple Tape — weekday morning markets: crypto, stocks, and metals.

• Fed hikes +25 bp to 3.75%–4.00% (12–0); SEP median funds 4.1% YE 2026/2027 (~one more hike)
• Revolut: hackers demand ~6,000 XMR (~$3M) or sell ~680 crypto-whale KYC files
• SEC Atkins + CFTC Selig: agency crypto rules proceed with or without Clarity
• Seven Senate Democrats pledge bipartisan Clarity push continues (no new cloture date)
• House Financial Services advances H.R. 8957 Strategic Bitcoin Reserve bill 28–21
• Celsius estate sues BitMEX ~$495M / 6,360 BTC over March 2020 liquidations
• Ostium $15M loan dispute: SDNY hearing today 2:00 p.m. ET
• Crypto tape (CMC ~5:16 a.m. ET): NEAR +17.5%, ZEC +16.3%, DASH +12.6%
• Generac–Amazon data-center generator pact (~$2.4B initial; warrants to $8B purchases)
• Fluence cuts FY26 revenue to ~$2.4B; adj. EBITDA loss ~$200M
• J.B. Hunt warns Q3 EPS down 5–10% sequentially
• Cohere–Aleph Alpha definitive merger; Schwarz Group equity + German campus
• May Mobility ~$1.4B SPAC path to Nasdaq (MAY)
• Air Products ~$250M Arizona semi gas infrastructure win
• Lennar Q3: adj. EPS $1.23 miss; FY deliveries cut to 80–81k
• Stocks tape (Yahoo pre ~5:15 a.m. ET): GNRC ~+35%, FLNC ~−20%, BE ~+5.2%
• LME Cu stocks Sep 16: 254,150 t (+4,925); third straight rebuild day
• GLD +1.711 t → 1,051.988 t; SHFE Cu warehouse receipts +1,095 → 32,945
• Gunnison–Nuton US$8M / ~3M tons Johnson Camp; Asia Broadband closes $5.5M Etzatlán; Lahontan–Emergent
• Metals tape (Kitco ~5:18 a.m. ET): Silver +1.58%, Platinum +1.42%, Palladium +1.27%
• Today: 8:30 Claims + Housing Starts/Permits + Philly Fed; 10:00 Pending Home Sales; 10:30 EIA nat gas

Takeaway: Fed +25 bp to 3.75–4.00% with dots implying one more; Generac–Amazon vs Fluence cut into Claims/Starts/Philly; Atkins/Selig write crypto rules without Clarity; LME copper rebuild continues.

AI-assisted production. No trade recommendations.