· Friday
Daily briefs generated by sembr, the open-source semantic intelligence engine · every item links to its sources
September PCE at 3.6% and Q3 GDP at 3.4% land behind the hawkish hold; the front end rallies as December's follow-through is trimmed
The data the Fed said it was waiting for arrived the morning after its decision — headline PCE accelerating to a six-month high with core still above 3% while third-quarter GDP beat consensus — and the market's answer was to buy the front end and mark down how much tightening is priced beyond December, a verdict delivered the same week the ECB and BOJ both held while keeping their tightening bias alive .
Brent jumps to $116.53 as Iran publicly disputes Hormuz mine clearance and a tanker is attacked
The past 24 hours escalate on the transit and price layers at once — December Brent rose 1.4% to $116.53 a barrel after a tanker was attacked in the Strait of Hormuz , Iran's Revolutionary Guard claimed three (later four) tankers struck mines on the route Washington calls cleared and demanded "independent evidence, not a statement" for the U.S. mine-clearance claim , and the Houthis claimed six operations across Saudi Arabia including Ras Tanura, Rabigh and Abqaiq — while a Qatari-mediated draft deal sits with Tehran awaiting an answer "most likely Saturday" .