‼️ Minneapolis Fed President Neel Kashkari said Sunday that inflation remains too high across the US economy even when stripping out volatile energy and food prices, signaling broader underlying price pressures beyond the recent rise in oil
‼️ 🇨🇳 🇺🇸 Treasury Secretary Scott Bessent called his meeting with Chinese Vice Premier He Lifeng “successful” ahead of the Sept. 24 Trump–Xi summit, noting agreement to launch a U.S.–China AI dialogue with a proposed incident-notification mechanism, while USTR Jamieson Greer said the two sides have “operationalized” the U.S.–China Board of Trade to advance trade negotiations.
‼️ 🇮🇩 Rupiah rally loses steam: after a 1.5% August rally (SEA’s best), BNP Paribas sees 17,900/USD and HSBC 18,200 by year-end as higher oil and narrower rate spreads dent sentiment.
‼️ 🧠 Satya Nadella and Tim Cook to attend White House state dinner for Xi Jinping on Sept. 24, placing top tech leaders at the center of escalating U.S.-China AI tensions.
‼️ 🇰🇷 JPMorgan expects the Bank of Korea to raise rates in November and again in February and May next year, taking the benchmark rate to 3.75% in the current tightening cycle.