Pakistan Inter-Services Public Relations (ISPR) said on Oct. 6 the military successfully test-fired a domestically produced extended-range "Fatah-4" land-based cruise missile. ISPR said the system is equipped with advanced avionics and modern navigation aids to enable high-precision, high-lethality strikes, and that the launch validated additional integrated subsystem parameters aimed at improving accuracy and survivability.

San Francisco Fed President Daly said AI-driven chip demand could spread beyond high-end AI chips into the broader semiconductor market; some firms are already front-loading memory purchases and redesigning products to use fewer chips. She warned AI-related price pressures may not be a one-off and could take longer than the Fed’s typical 1–3 year horizon to subside. Daly said she fully supports a September rate increase; whether further tightening is needed will depend on whether shocks from AI, tariffs and Middle East-driven energy price rises abate — if they persist or overlap, additional hikes may be required, but if they prove temporary further hikes may not be necessary.

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