S&P expects the Fed will continue to face challenges in reducing inf and addressing financial-market vulnerabilities.

Federal Reserve's Kashkari said he expects one rate hike in 2026 and for policy rates to remain unchanged in 2027.

The Baltic Dry Index fell to a two-month low on Friday, sliding 67 points (2.6%) to 2,524 — its lowest level since April 16 — and closing the week down 7.3%. The Capesize index (BCI) dropped 187 points (4.9%) to 3,640; Capesize daily earnings fell $1,694 to $29,511. The Panamax index (BPI) rose 14 points (0.7%) to 2,110, with Panamax daily earnings up $125 to $18,990. The Supramax index (BSI) declined 8 points (0.5%) to 1,670, its weakest since June 15. On the week Capesize and Supramax lost 12.3% and 2.8% respectively, while Panamax was up 0.7%. The Handysize index (BHSI) ticked up 2 points to 945.