HAMMACK said the longer inf remains elevated, the harder it will be to return to the Fed's inflation target.

Swiss National Bank Chairman Schlegel said the SNB is ready to intervene in FX markets at any time but would not specify a direction.

Oracle has notified the project developer — a subsidiary of Blue Owl Capital — invoking a force majeure clause to avoid substantial costs tied to its large New Mexico data-center, people familiar with the matter said. The notice seeks to defer payments if Project Jupiter is delayed and fails to go live as planned in 2028; the sources said Oracle is not seeking to exit as the anchor tenant. The move adds uncertainty to a project already facing local opposition and regulatory hurdles.