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ECB Governing Council member Rehn: There is currently no need to use ECB policy tools such as the Transmission Protection Instrument (TPI).
2026-09-17
ECB Governing Council member Rehn: There is currently no need to use ECB policy tools such as the Transmission Protection Instrument (TPI).
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2026-09-17
European bonds extended their losses, with the yield on German 2-year bonds rising 5 basis points to 3.27%.
European bonds extended their losses, with the yield on German 2-year bonds rising 5 basis points to 3.27%.
2026-09-17
Using January 2023 as 100, by May 2026, the US private data center construction spending index had risen to 380, nearly four times the starting point; during the same period, the semiconductor and electronic components industrial output index had onl
Using January 2023 as 100, by May 2026, the US private data center construction spending index had risen to 380, nearly four times the starting point; during the same period, the semiconductor and electronic components industrial output index had only risen to 145. This gap suggests that AI is currently more like an infrastructure investment boom: funds are initially flowing into buildings, transformers, gas turbines, power grids, land, and electricity, and related production capacity is unlikely to expand simultaneously in the short term. Local cost pressures will appear before productivity dividends.
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