Riksbank minutes: governor said the next policy-rate move should be a hike, but timing remains uncertain; urged heightened vigilance on rising inf.

Algebris global credit portfolio manager Gabriele Foa said he expects Fed chair KEVIN WARSH to deliver a material update on how the Fed will respond to inf in Friday's Jackson Hole remarks, after mixed signals at July's press conference. Foa said the Fed's avoidance of explicit forward guidance has left unusually large uncertainty around its policy reaction function, steepening the U.S. Treasury yield curve as long-end yields become the primary channel of adjustment. He added this partly contradicts Bessent's effort to lower long-term yields and may indicate weaker Fed–Treasury coordination than some market participants had expected.

OpenAI最新企業數據按每位活躍用戶的輸出Token統計：截至2026年6月，使用量排名前10%的企業達到普通企業的8.3倍， 1月時僅爲2.6倍；信息科技行業差距擴大至11.7倍，頭部企業用量較2025年4月增長32.5倍，普通企業僅增長2.8倍。 差距擴大的關鍵在於，頭部企業已經把AI接入內部數據、工具和重複工作流，代理系統能夠持續執行和迭代，形成用量累積。對AI產業而言，算力需求可能先集中在少數高強度客戶，再逐步向其他企業擴散。