· Wednesday
Daily briefs generated by sembr, the open-source semantic intelligence engine · every item links to its sources
Hawkish speaker slate and an OECD ratchet lift hike pricing as the 2s10s flattens to a 19-month low
Six days after the first hike in three years the hawkish rearguard widened rather than faded — Richmond's Barkin said one increase may not be enough and Boston's Collins said the probability of inflation staying well above 2% has risen, the OECD called for more tightening "from the US to Australia," and Goldman Sachs abandoned its no-hike-this-year call — as the 2s10s curve flattened to its narrowest since March 2025 and the dollar hit an eight-week high .
First US–Iran shuttle talks in months as Brent slips below $100 and Iran's seven-day offer is denied
Tehran's seven-day Hormuz reopening offer produced the first US–Iran shuttle talks in months — a three-hour session in New York mediated by Qatar that Trump called "very productive" — while Iran's Fars agency denied any reopening deal, the East-West pipeline was reported restarted, and Brent slid below $100 to a two-week low on a fifth straight down session with about a third of Gulf oil still missing from global supply .