Powell to serve as interim Fed chair until Warsh sworn in - Xinhua

Bond yields are rising, forcing reality back into the market, leading to pressure on U.S. equity futures (S&P 500 down ~1%, Nasdaq even more) as global bond markets sold off.

Samsung and its South Korean union resumed talks amid a strike threat that risks disrupting memory chip production, leading to heavy selling in Asian markets and a 6% plunge in South Korea's KOSPI.

Kevin Warsh will join the Fed facing internal conflict over interest rate cuts.

UK Moves To Ban New North Sea Oil & Gas Licenses Permanently Via City AM, The UK government will introduce legislation banning new North Sea oil and gas exploration licences as part of its Energy Independence Bill. Critics argue the policy will increase Britain’s reliance on imported fossil fuels while damaging Scotland’s oil and gas industry. Rising oil prices and disruptions tied to the Iran conflict have intensified political pressure on Labour to reconsider ...

This article analyzes how markets are repricing interest rate and inflation expectations based on views like Kevin Warsh's and recent inflation data points.