· Thursday
Daily briefs generated by sembr, the open-source semantic intelligence engine · every item links to its sources
Held at 3.75–4% on a 10–2 vote; Cook's surprise hawkish dissent and a trimmed voting calendar leave the curve steeper
The Fed delivered the priced hold but with two hawkish dissents — including a first-ever from Governor Cook — a statement that upgraded growth to "strong" while swapping its timely-2% commitment for "more information," and a meeting-calendar overhaul that cuts future voting meetings, while Chair Warsh's refusal to call conditions tight was read as dovish and left the front end lower, the long end higher and December priced near 85% .
Brent slips to $114.02 on revived US–Iran talks as Hormuz outbound transits stall near 7 a day
The tape turned two-way: December Brent fell 1.1% to $114.02 on Thursday as traders weighed fresh US efforts to revive peace negotiations with Iran against persistent supply risk , after WTI had firmed to about $101.20 in Asian hours on renewed disruption fears and reports that Washington has told Gulf states it is preparing a short, sharp operation against Iran after the midterms — while Morgan Stanley's tracker put Hormuz outbound transits near 7 vessels a day against a pre-war 35 and refined-product flows at only about half of normal .