· Wednesday
Daily briefs generated by sembr, the open-source semantic intelligence engine · every item links to its sources
December turns near-unanimous while the sell side splits on where the cycle stops
The December hike hardened into a near-unanimous economist expectation — every respondent in the latest Reuters poll, a sharp reversal from less than half a month earlier — while the marginal information moved to where the cycle ends, with HSBC calling the hiking cycle close to done against Deutsche Bank's quarterly path to March 2027 and BofA still holding an October hike the market prices at roughly 15% .
Iran claims fresh Hormuz mine strikes as the IMO says the strait is "not open for business" and Brent tops $110
Escalation returned to the waterway itself — the IRGC said mines set two "non-compliant" tankers ablaze and blocked three more on routes Tehran deems unauthorized , while the IMO secretary-general said the approved traffic lane is still mined and the strait is "not open for business in the way that it was before the conflict started" — and December Brent climbed back above $110 after Tuesday's dip , with Goldman Sachs putting the global average crude freight rate above $20/bbl against $3 a year earlier .