Isabel Schnabel: Central banks on-chain
It is a great pleasure to discuss Darrell Duffie’s paper “Tokenized finance and the perimeter of central banking” at this year’s Jackson Hole Economic Policy Symposium.[1]
Economy
Wife of man who died after turbulence sues airline
A widow whose husband died after "severe turbulence" on a flight has begun legal action against the airline.
Fed chair says delivering ‘stable prices’ is central bank’s job as inflation persists
The US Federal Reserve is not done fighting high inflation, its chair, Kevin Warsh, said in his first major speech in the role on Friday, emphasizing that it was “the Fed’s job to deliver stable prices”.
Bessent defends yen support, cites US borrowing cost risks
After multiple warnings against the "speculative" and "one-sided" currency moves, Japan's Ministry of Finance appears to have put its money where its mouth is and intervened in the yen during the country's Golden Week h…
Warsh at Jackson Hole: underlying inflation trend has not ’meaningfully improved’
The new Fed chair’s Jackson Hole speech appeared focused on strengthening his anti-inflation credentials, economists say.
The Canadian Dollar falls on the best quarter since 2023
Canada produced the strongest growth figure of the cycle and the Canadian Dollar is weaker for it.
Euro slides below 1.1600 as Warsh brings Fed rate hike back into play
EUR/USD falls sharply toward 1.1595 on Friday at the time of writing, losing 0.48% on the day, as the US Dollar (USD) rallies following Federal Reserve (Fed) Chair Kevin Warsh’s speech at the Jackson Hole Symposium.
UK petrol prices hit highest level in almost four years as bank holiday getaway looms
UK petrol prices have hit their highest level since 2022, piling more financial pressure on motorists before the bank holiday weekend.
Poland: Growth supported by investment rebound – ING
ING’s Adam Antoniak expects Poland’s 2Q26 GDP flash estimate to be confirmed at 3.8% year-on-year, with fixed investment rebounding strongly thanks to EU and RRF-funded projects. Private consumption is seen slowing slig…
Fed has 'work to do' if price rises don't ease for Americans, Warsh says
The head of the US central bank said policymakers will "have work to do" to if they are not confident cost of living pressures are easing for Americans.
Gatwick Airport facing water outage after main burst
SES Water says it is working to repair a burst main which is affecting supply to the airport.
Years of Underinvestment Sets the Stage for a Commodity Boom
A commodities supercycle refers to a prolonged period during which most base metal and mineral prices rise significantly and remain elevated for over a decade. The rising demand for commodities due to rapid industrializ…
Natural Gas: Hormuz risks and Qatari LNG disruption – BNY
Geoff Yu at BNY highlights that Middle East tensions and constrained traffic through the Strait of Hormuz are keeping key energy supply routes at risk.
Foreign Bonds Take the Lead Over US Fixed Income in 2026
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Wells Fargo raises Ultragenyx Pharma price target on phase 3 data
A pharma company has grabbed investor attention with its latest FDA approval for a rare disease drug.
What could trigger a Fed rate hike?
Gasoline prices over $4 a gallon, part of an ongoing supply shock in the energy markets, might seem like a cue for the Federal Reserve to raise interest rates to head off inflation. At least for now, that looks like a b…
Nonfarm Payrolls face a reality check with key benchmark revision
US investors will watch on Friday a labor market report that is far less familiar than the monthly jobs release but has gained considerable importance following the spectacular revisions of recent years. The Bureau of L…
Aussie dollar eyes longest weekly winning streak since 2021 on hot CPI
The Australian dollar is poised to mark its longest weekly winning streak against the US dollar since 2021, after a hotter-than-expected inflation report prompted traders to price in a higher peak for the Reserve Bank o…
Healey’s budget to duck setting a date for 3% defence spending target
Roadmap for increasing department’s share of GDP will be deferred until next year’s review
Swiss Franc consolidates recent losses with the focus turning to Fed’s Warsh
The Swiss Franc (CHF) trades marginally lower against a somewhat firmer US Dollar (USD) on Friday, with market volatility subdued as investors await the speech of the Federal Reserve (Fed) Chairman, Kevin Warsh, at the …
Oil: Hormuz stalemate sustains inflation risks - Rabobank
Rabobank Senior Macro Strategist Bas van Geffen says the US-Iran stalemate and disruption in the Strait of Hormuz are keeping oil-driven inflation risks elevated.
Hawkish ECB Not Helping French Government Bonds
As eurozone inflation plunges citizens into a cost-of-living crisis, the ECB is sticking to its policy of cheap credit and adding a new bad-debt incentive for reckless governments.
Jumping beans: UK shoppers turn to legumes to save cash and improve diet
Sales of beans, lentils and soya bean derivatives on rise while Britons buy less real and fake meat
The Only Thing Markets Need to Hear From Warsh at Jackson Hole Today
Kevin Warsh’s first Jackson Hole speech as Fed chair is becoming a test of credibility, communication and how clearly he can explain the Fed’s next policy steps.