BREAKING: 🇮🇷 Iranian Foreign Minister says the Strait of Hormuz will open within 7 days if the US accepts their conditions.

🚨 FED CHAIR KEVIN WARSH JUST DELIVERED SOME MAJOR WARNINGS ABOUT INFLATION, AI AND THE GLOBAL ECONOMY. Here are the key takeaways from his latest remarks: • Interest rates: The Fed is not ready to signal whether rates will rise or fall at its remaining meetings in 2026. • October and December meetings: Both meetings will be important for deciding the next steps in monetary policy. • Inflation: Price stability remains the Fed's top priority, and every policy decision will depend on economic conditions. • Global inflation: Inflation is not just an American problem. It is affecting economies around the world. • Global rate hikes: When central banks tighten monetary policy together, no economy can completely escape the impact. • AI and jobs: Artificial intelligence could bring major economic changes, but its short-term impact on employment remains uncertain. • AI and productivity: AI could boost productivity and create wealth, although the transition may be difficult. • AI disruption: AI could affect demand in the economy before its benefits are fully reflected in supply. • Financial stability: The Fed needs to pay close attention to risks that could threaten the financial system. • Economic growth: Stronger investment and structural economic expansion are currently supporting the U.S. economy. • Global economy: The world economy has been more resilient than Warsh expected five months ago. • G20 economies: Many major economies have managed to remain resilient despite repeated economic shocks. • Fed credibility: Maintaining public trust and the Fed's independence of judgment is essential for effective monetary policy. • Fed leadership: Warsh believes the Fed chair should take responsibility for every part of the central bank. • Fed reforms: Only 25% of Fed staff work on monetary policy, and Warsh wants to improve how the institution operates. • Policy framework: Warsh prefers a framework-based approach rather than relying heavily on models that assume economic conditions will return to historical averages. • AI at the Fed: The Federal Reserve plans to hold an AI hearing in the San Francisco Bay Area on November 16. The biggest takeaway is that Warsh is still refusing to give markets a clear direction on interest rates. Inflation remains a concern, AI is creating new uncertainties, and the Fed is keeping its options open ahead of the final two meetings of 2026.