The Fed chairman raised rates over the president's stated wishes, and every voter on the committee went with him.
The market never sleeps. People must.
Markets move day and night, across time zones. AI faithfully monitors what matters to Teresa and her group of active investors, and shares it with you. Published twice a day, at 10 am and 5 pm Eastern.
Wednesday, September 16, 2026
24 storiesThe central bank governor told China's flagship party journal that slower loan growth is a structural adjustment, not a failure to be fixed with more lending.
The Dutch central bank has moved a large part of its North American gold out of the United States, and reserve managers elsewhere say the appetite for bullion has not faded.
The front end of the curve repriced immediately while the long end barely moved, and the dollar firmed against the euro.
Oracle's co-founder terminated a trading plan that would have let him sell up to 50 million shares, in the middle of a losing streak and a fresh round of layoffs.
The Federal Open Market Committee raised its target range by a quarter point and its new projections point to one more increase before the year is out.
The canal authority is adding a new vessel limit from October, tightening a third trade chokepoint while Hormuz and the Red Sea are already constrained.
Prosecutors are seeking forfeiture of $61 million in crypto tied to Iranian oil sales, in a case that puts a stablecoin issuer and an exchange at the centre of sanctions enforcement.
Retail sales rose 1.2% last month while the main confidence gauge sank toward record lows, leaving the consumer reading split down the middle.
Treasury and the US trade representative will host China's vice premier days before the two presidents meet in Washington, with tariffs, farm goods and AI risk all on the agenda.
The Government Accountability Office found federal agencies paid $9.5 billion in employee leave in 2025, most of it to staff who had already agreed to leave.
The administration is considering Defense Production Act funds for refiners as record diesel prices feed straight into freight and food costs.
A quarter-point move on Friday would take Japanese borrowing costs to their highest level in 31 years.
The Treasury secretary told House lawmakers that rising yields reflect global issues, not US fiscal policy.
The Congressional Budget Office also lifted its inflation projection for early 2027 as Congress voted again to curb the president's war powers.
The European Commission president proposed a first-of-its-kind arrangement that would pull Ottawa deeper into Europe's economic and security architecture.
Markets are pricing a quarter-point increase that would put the new Fed chair at odds with the White House.
The UN Security Council met in emergency session as Yemen's Red Sea coastline changed hands and Saudi Arabia closed its East-West pipeline.
A weak sale of 20-year bonds and a 10-year yield above 5% put the long end, not the Fed, in charge of borrowing costs.
The industry's top legislative priority failed to advance, sending bitcoin and listed crypto intermediaries lower.
Nvidia's and Meta's chief executives rejected calls for a coordinated slowdown that Anthropic and OpenAI have endorsed.
Petrol and diesel drove British inflation to a five-month high two days before a rate decision.
Record pump prices arrive as commercial and strategic stockpiles run low and Washington weighs emergency refining measures.
Fitch's trailing-twelve-month measure reached a high just as European and US supervisors began asking who is holding the risk.
Tuesday, September 15, 2026
24 storiesThe Treasury secretary defended his buyback programme, a joint yen intervention and the president's proposed $5,000 dividend as Democrats pressed him on yields and energy costs.
Ottawa paired a new investment tax deduction with a room full of the world's largest asset managers as its trade war with Washington continues.
The budget office says the conflict has cost the Pentagon about $38 billion so far and will add $2 billion to $3 billion a month, while lifting its inflation projection for early next year.
Beijing can now block citizens from leaving the country over national security or technology export violations, under rules that reach private citizens and lower-level officials.
The crypto industry's top legislative priority failed its procedural vote, and the shares that had priced in regulatory clarity fell with it.
Pump prices are at record highs for diesel in every state, and the administration is considering a Cold War statute to expand US refining capacity.
The central bank will make no reserve-management purchases for a second straight month, citing ample reserves, while continuing reinvestment operations.
With Hormuz already closed, Qatar says losing the Red Sea chokepoint as well would be catastrophic for the entire world.
The company began another round of layoffs in the same week reporting confirmed its co-founder had scrapped a plan to sell up to 50 million shares.
The designation targets Russia's second-largest bank for helping Iran evade sanctions and exposes institutions that keep dealing with it to secondary measures.
The Treasury sold $13 billion of twenty-year bonds at the highest yield on record for the maturity, with foreign bidding described as weak.
Chris Wright told CNBC that the outage on the line bypassing the Strait of Hormuz will be measured in days rather than weeks.
Chipmakers fell and cybersecurity shares rallied as investors began separating the companies that need endless AI capital spending from those that fund it.
A quarter-point move on Friday would take the policy rate to its highest level in three decades, with the yen rally and the long end of the global bond market both hanging on the decision.
The central banks' own institution says investors are growing cautious about a rally now resting on rising debt and leveraged non-bank money.
The loss of the main route around the blockaded Strait of Hormuz has pushed crude higher and forced Riyadh back through the waterway it built the pipeline to avoid.
Factory output held up while retail sales barely grew and property investment fell close to a fifth, prompting Goldman Sachs to cut its growth forecast.
Markets have all but priced a quarter-point increase on Wednesday, a decision that would put the new Fed chair at odds with the president who chose him.
The waterway is tightening capacity for a second time this year, adding a third chokepoint to a shipping map already squeezed at Hormuz and Bab el-Mandeb.
Fitch put the trailing twelve-month default rate at a record level just as regulators, senators and litigators turned their attention to the asset class.
A cloture vote needing 60 votes will decide whether the biggest US crypto bill advances, with community banks and the Treasury fighting over stablecoin yield.
The benchmark US yield crossed a threshold it had not seen in years, dragged up by energy prices and a hawkish turn among policymakers.
The president phoned the Nvidia chief mid-interview to reject the slowdown case that three of the industry's most powerful founders had just endorsed.
The University of Michigan's preliminary September reading came in well below forecast, with petrol prices and tariff talk cited as the main drags.
Monday, September 14, 2026
24 storiesAnthropic's Dario Amodei called for a brake on frontier model development and drew rare backing from Sam Altman and Elon Musk, and an immediate rejection from the president.
The Bank for International Settlements used its quarterly review to warn that AI-driven market momentum is showing signs of vulnerability, and that leveraged non-banks are now central to global markets.
The University of Michigan's preliminary September reading fell to near the lowest level on record, even as household wealth hit a quarterly record.
The CLARITY Act reaches a cloture vote on Tuesday after Republicans added ethics language Trump accepted and a compromise on stablecoin yield that banks are still fighting.
Markets go into the September policy meeting expecting the first increase in the federal funds rate in three years, and the first under chair Kevin Warsh.
A postponed Gulf meeting, a closed Saudi export line and Houthi gains near the Red Sea chokepoint kept crude and diesel bid through Monday.
Fitch says the US private credit default rate rose to a new high in August, on the same day two senators pressed regulators for more disclosure on the asset class.
The first market test of an AI slowdown narrative sorted the sector by leverage, with SoftBank and semiconductor names falling while several hyperscalers rose.
The benchmark US yield reached a level last seen in 2023, flattening the curve and putting the Treasury's borrowing costs at the centre of this week's Fed decision.
The Bank of Japan, the Bank of England and the European Central Bank all face markets that have moved their expectations toward higher rates as energy prices climb.
The designation puts one of Russia's largest banks inside the Iran sanctions programme, exposing any foreign institution that keeps dealing with it to secondary sanctions.
The president announced the carve-out at the close of the Irish Open, and Brussels responded by asking for more.
The sector carrying index earnings growth sold off on Monday as investors tried to price a deceleration the industry asked for itself.
Surging oil is pulling the Bank towards tightening while record borrowing costs push it to ease off quantitative tightening.
A quarter-point move on Friday is fully priced, leaving the yen and the ten-year government bond to carry whatever surprise remains.
China's first official reply rejects pacing outright, even as its own security ministry lists six principal AI risks.
A vessel strike in the strait, a postponed ministerial meeting and a closed export line pushed crude to its highest in months.
Markets are pricing an increase at this week's meeting, the first of Kevin Warsh's tenure, while the president calls publicly for the lowest rates anywhere.
The capture of Mokha and Mayun leaves two of the world's energy chokepoints in hostile hands and tanker freight repricing.
Long rates, not the policy rate, are now setting the cost of money for households, companies and the Treasury itself.
Anthropic, OpenAI and xAI leaders endorsed a slower pace over one weekend, and President Trump dismissed the warnings within a day.
The revised draft hands Treasury a stablecoin circuit breaker and gives state attorneys general new enforcement powers.
The president says Ukrainian strikes on Russian energy are raising fuel prices and hurting the world economy.
The Speaker says the checks need legislation; the administration says they will not cost taxpayers anything.