Exit Narrative Begins: Trump's Muted Response To Hormuz Deal Suggests The 'Declare Victory & Leave' Moment Is Here

Rate-Hike Odds Soar Despite Lowest Core Consumer Price Inflation Since 2021 Following fuel-driven jump in Producer Prices, consensus was for a concomitant jump MoM in Consumer prices this morning, after last month's decline as energy prices have rebounded (though we warned that amid all the interventionist-y chatter, nothing would surprise us less than 'cool' print to offset the PPI scare). And analysts were right with headline CPI rising 0.4% MoM (exactly as expected) - biggest MoM since May - but prices rose 3.5% YoY (in line with expectations and flat to...

Putin Floats 'Chance' At Peace, While Ukraine Cites 'New Dynamic' To Get To Table Russian President Putin is this week attending the Eastern Economic Forum in Vladivostok, where he has issued key statements and at times fielded questions from the press. Among the most important questions asked from the press pool were on the matter of whether peace in the Ukraine conflict is still possible, given that this very week things have drastically escalated. Handout/Reuters Among the major escalations include Zelensky's threat to 'close Russian skies' through ramped-up drone and missile attacks, or in...

China's Two-Front Squeeze On America's AI Build-Out Authored by Sean Tseng via The Epoch Times, In early May, the head of an American chipmaker told investors his company was running short of a material most people have never heard of. A week later, he was on a plane to China alongside President Donald Trump, hoping to pry loose the export licenses his factories needed. People view an AI data center at the SK networks stand during the MWC (Mobile World Congress), the world's biggest mobile fair, in Barcelona on March 3, 2025....