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Market news: Swiss National Bank President Martin Schlegel held his annual routine meeting with the Swiss Federal Government.

2026-11-11

Market news: Swiss National Bank President Martin Schlegel held his annual routine meeting with the Swiss Federal Government.

Other News
2026-11-11

Beijing issued the Action Plan for High‑Quality Development of the Embodied Intelligent Robot Industry (2026–2028), instructing city support to sharpen its “two conferences, one competition” robotics brand. The plan will build a humanoid robot compet

Beijing issued the Action Plan for High‑Quality Development of the Embodied Intelligent Robot Industry (2026–2028), instructing city support to sharpen its “two conferences, one competition” robotics brand. The plan will build a humanoid robot competition and training base, optimize event formats to match application scenarios, and stage a national-level humanoid robot games and half‑marathon intended to showcase China’s top domestic capabilities. It also directs use of the World Robot Conference and other international platforms, coordinated with the China Electronics Society and the World Robot Cooperation Organization, to host a high-level international humanoid robotics academic conference and establish a global industry‑academic exchange hub.
2026-11-11

Michelle Bowman, Fed vice chair for supervision, said inflationary pressures persist while the labor market is stabilizing and inflation still has room to fall. She expects October core PCE YoY to rise to 3.3%, driven mainly by energy-price increases

Michelle Bowman, Fed vice chair for supervision, said inflationary pressures persist while the labor market is stabilizing and inflation still has room to fall. She expects October core PCE YoY to rise to 3.3%, driven mainly by energy-price increases and AI-related demand, and said the lack of progress on inflation is not due to an overheated labor market. Bowman said core PCE could move toward 2% next year as AI-related construction demand cools and Middle East conflict pressures ease. She warned recent equity declines, higher Treasury yields and a stronger dollar have already tightened financial conditions, and the economy has strengthened year-to-date. Any further policy tightening must be weighed against costs to interest-rate-sensitive sectors; persistence of AI demand and the path of geopolitical risk will be key near-term determinants of policy. She did not explicitly call for rate hikes but stressed the Fed must still drives inflation back to 2%.
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