Mohamed El-Erian, Chief Economic Adviser at Allianz, stated that today's movements in the US Treasury yield curve send two signals. The spread between the 2-year and 10-year yields narrowed by about 7 basis points, and the spread between the 2-year and 30-year yields narrowed by about 10 basis points, showing a flattening trend. El-Erian believes this reflects a dual interpretation in the fixed-income market: in the short term, it is a hawkish repricing by the market after Federal Reserve Chair

Key takeaways from the Federal Reserve's annual Jackson Hole meeting are as follows: Fed Chair Walsh emphasized in his keynote speech that curbing inflation is a core responsibility of central banks. During the meeting intervals, Eurozone policymakers issued warnings about inflation risks, with some officials suggesting that a rate hike may be necessary in September. Bank of England Governor Bailey stated that at present there is no urgency to raise interest rates, noting that the second-round

According to sources, Glencore has made a provision of approximately $480 million for its exposure to Radiant World. Radiant World is an iron ore trader currently under pressure for allegedly providing false documents to banks. Sources said this provision in effect covers Glencore’s entire outstanding net exposure to Radiant World.

Tomorrow Is a Big Day for Bitcoin: A Major Change Is Coming

The six-month conflict between the US and Iran has had multiple impacts; the IMF expects global inflation to rise to 4.7% by 2026.