· Tuesday
Daily briefs generated by sembr, the open-source semantic intelligence engine · every item links to its sources
October hike odds top 72% as Cook names AI capex a near-term inflation driver; the long end grinds out another multi-decade high
Fed Governor Lisa Cook said trillion-dollar AI infrastructure spending has intensified competition for energy and labour and become a short-term inflation driver — and that rate cuts could fuel inflation — while October hike odds rose above 72% and the entire move in the long end was carried by real yields rather than inflation expectations .
Mediators keep the Hormuz draft alive as officials call Trump's rejection a tactic and Brent holds above $107
Mediators are still working an Iran–US draft that would reopen the Strait of Hormuz and lift the US blockade *before* sanctions come off, with officials telling the AP that Washington has not formally rejected it and that Trump's public rejection may be a negotiating tactic, while Brent rose a second session to above $107 and gold slid to a seven-week low on rate risk .