News

Fed's Mussallem: As economic growth slows, the unemployment rate may rise, but the magnitude may only be a few tenths of a percentage point.

Fed's Mussallem: The weakening impact of tariffs will help inflation fall, and housing inflation is also moving in the right direction.

Fed Musallem: It has lowered its GDP growth forecast for this year to 1.5%-2% from the 2%-2.5% before the Iran war.

Federal Reserve Musallem: Oil price shocks may be pushing core inflation upward, and it is expected to be close to 3% by the end of the year.

Fed's Moussalem: Supply shock puts the Fed's inflation and employment goals at risk, and the current interest rate range "may be appropriate for some time."

U.S. Treasury: U.S. Treasury Secretary Bessent met with the Saudi Finance Minister yesterday.

A U.S. jury ruled that Live Nation, the largest concert promoter in the United States, illegally monopolized the ticketing market. A judge will later decide on remedies, including whether to proceed with a split.

U.S. Treasury Secretary Bessent: The U.S. Department of the Treasury will continue to cut off Iran’s illegal smuggling and terrorist proxy networks.

Mexico's main stock index expanded to more than 1%.

Alphabet could gain about $100 billion from its stake in SpaceX if the company lists at a ~$2 trillion valuation, according to a recent filing. Alphabet held roughly 6.11% of SpaceX at end-2025, likely diluted to about 5% after its merger with xAI, implying a valuation near $100 billion at IPO pricing. The disclosure comes as SpaceX, led by Elon Musk, prepares a potential blockbuster listing that could be among the largest ever, generating major gains for early investors and employees.

A written statement showed that Michael Selig, chairman of the U.S. Commodity Futures Trading Commission (CFTC), will commit to the U.S. Congress to punish fraud and insider trading. "We will find you and you will face the full force of the law," the CFTC chairman said.

Market News: The U.S. Senate voted by a majority to reject an effort to force Trump to halt strikes against Iran without congressional approval, with voting continuing.

Market News: Google parent company Alphabet is expected to receive a huge return of approximately US$100 billion from its investment in SpaceX.

Fitch: (Regarding Mexican states) Macroeconomic conditions weaken significantly in 2026, and subsidies will have a greater impact on federal share revenues. The oil revenue surplus is expected to be completely consumed by the cost of stimulus measures.

Market news: European buyers, including Germany's Uniper, are negotiating for the possible purchase of liquefied natural gas from Canada's Ksi Lisims LNG project.

Israeli Prime Minister Benjamin Netanyahu: Our U.S. allies are constantly updating us on our engagement with Iran, and our goals are the same.

The U.S. Treasury Department: imposed sanctions on multiple ships and added them to the Iran-related sanctions list.

The U.S. Treasury Department issues new Iran-related counterterrorism sanctions designations.

Federal Reserve Beige Book: Wages generally continue to rise.

Federal Reserve Beige Book: Overall economic activity increased at a slight to moderate pace in 8 of the 12 Federal Reserve jurisdictions, with little change in 2 jurisdictions, and with a slight to moderate decline in 2 jurisdictions.