Warsh Confirms a Hawkish Turn at Jackson Hole, With a New Wrinkle
MSM covers a clean hawkish signal from the Fed chair; AI data-center spending is currently worsening the very inflation Warsh says he wants to fight.
Economy
Trump Announces a 65-Billion-Barrel Venezuela Oil Deal
Trump calls it the biggest oil deal in history; the country he is buying into pumps just 1 percent of world oil from infrastructure nobody has fixed in decades.
Hormuz Oil Flows Rise as Tanker Rates Hit a Record $647,000 a Day
A rising flow of oil through Hormuz reads as recovery in isolation, but a record $647,000-a-day charter rate is the market's own verdict that the war risk hasn't gone anywhere.