- The removal of Kevin McCarthy from his position as speaker of the US House has thrown Congress into a power struggle as it races against time to approve funding for Ukraine and avert a government shutdown.
- Treasury Secretary Janet Yellen stated that the surprisingly resilient US economy has led investors to wonder what it will take to reduce inflation, but she questioned whether that would necessitate keeping interest rates high for an extended length of time.
- According to the International Monetary Fund, central banks have a higher chance of controlling inflation without experiencing a recession if they improve the way they convey monetary policy.
- Saudi will continue voluntary cut of 1 mln bpd until December.
- ECB's Centeno: We can expect that the interest rate cycle has been completed by now and with present conditions.
