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Fed official Hammack said higher interest rates will not halt mega-cap firms but could weigh on companies in other sectors.

2026-10-13

Fed official Hammack said higher interest rates will not halt mega-cap firms but could weigh on companies in other sectors.

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2026-10-12

IMF Managing Director Georgieva said the first wave of AI effects has already has been seen and constitutes a demand shock and an investment shock.

IMF Managing Director Georgieva said the first wave of AI effects has already has been seen and constitutes a demand shock and an investment shock.
2026-10-12

Trita Passy, executive vice president of the Quincy Institute for Governance, stated that while shipping through the Strait of Hormuz has rebounded, the United States cannot sustain the costs of keeping the strait open indefinitely. Passy pointed out

Trita Passy, executive vice president of the Quincy Institute for Governance, stated that while shipping through the Strait of Hormuz has rebounded, the United States cannot sustain the costs of keeping the strait open indefinitely. Passy pointed out that while the strait is indeed more open than before, a crucial question must be considered: what are the costs? He stated that the U.S. is currently expending significant resources escorting ships out of the Strait of Hormuz, and this practice is "fundamentally unsustainable" for the U.S. military in the long run. He also warned that the rebound in shipping volume does not mean the crisis is over. Passy stated that this does not indicate a plateau or pause in the war; the current situation is merely the "calm before the storm" before the midterm elections.
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