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Swiss National Bank says its willingness to intervene in foreign-exchange markets has increased.

2026-06-18

Swiss National Bank says its willingness to intervene in foreign-exchange markets has increased.

Other News
2026-06-18

June 18 - Li Chao, deputy director of the Policy Research Office and spokesman for the China State Planner, said China has made progress on compute-power/power coordination and compute-network integration but still faces bottlenecks in planning, pric

June 18 - Li Chao, deputy director of the Policy Research Office and spokesman for the China State Planner, said China has made progress on compute-power/power coordination and compute-network integration but still faces bottlenecks in planning, pricing and monitoring/dispatch technology. Over the 15th Five‑Year Plan period, the planner will prioritize supply–demand matching and tighten joint planning and construction of computing-power networks, new power grids and next‑generation communications. In ‘hard’ investment, it will pilot compute–electricity coordination models to prioritize power for compute and use compute to support power, advance compute–network integration and modestly expand direct trunk links between national hubs to cut transmission latency. In ‘soft’ measures, it will strengthen compute resource monitoring and market-based dispatch and accelerate construction of a nationwide, networked, accessible, green and secure integrated computing-power network.
2026-06-18

Fed officials signaled on Wednesday they may need to raise rates soon rather than cut, a sharp pivot amid rapidly rising inflation. Evercore ISI analyst Krishnan Guha said falling energy prices could ease inflation in coming months, but warned the ra

Fed officials signaled on Wednesday they may need to raise rates soon rather than cut, a sharp pivot amid rapidly rising inflation. Evercore ISI analyst Krishnan Guha said falling energy prices could ease inflation in coming months, but warned the rate outlook has decoupled from oil and the key uncertainty is whether underlying inflation will cool enough to avert eventual hikes. Guha flagged two additional upward pressures beyond energy: ongoing tariff pass-through and cost spillovers from a surge in AI infrastructure investment. Claudia Sahm, chief economist at New Century Advisors and a former Fed economist, said she does not yet see the usual triggers that would prompt a Fed response to supply-driven inflation — an overheated labor market or unanchored inflation expectations — but conceded the case for action is accumulating and that the Fed should be prepared to raise rates if conditions worsen. She added the Fed could move faster than it did during the pandemic inflation spike because the debate is already underway.
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