· Saturday
Daily briefs generated by sembr, the open-source semantic intelligence engine · every item links to its sources
Hot core CPI locks in a near-certain September hike; sell-side flips en masse while the long end rallies on a "one-off" framing
A slightly hotter-than-expected August core CPI — with a record jump in wireless-services prices doing much of the work — pushed market-implied odds of a September hike to roughly 85–90% (from ~70%) and triggered a near-universal sell-side flip to a 25bp move next week, yet the 10-year yield fell and equities rose as investors framed the move as a one-off calibration rather than the start of a cycle .
Houthis take Perim island and complete Yemen's Red Sea coastline as Saudi Arabia shuts its East-West pipeline; Brent ends the week above $100
Escalation shifted to a second chokepoint and to Saudi Arabia's own bypass infrastructure — the Houthis captured Perim/Mayun island at the Bab el-Mandeb on Friday and effectively completed their takeover of Yemen's Red Sea coast, while Riyadh shut the East-West pipeline as a "precautionary measure" after attacks it says came from Iraqi territory — yet Brent retreated from a ~$110 intraday spike to about $105 and still logged its largest weekly gain since July, as traders weighted the planned Sept 14 GCC–Iran meeting in Oman .