Fed's Cook says AI and oil sustain inflation pressure, rate hikes hinge on data
Fed's Lisa Cook warns AI and oil will sustain inflation, further rate hikes depend on data. Bowman no comment.
Asia calendar for Sept 29, 2026 is quiet; RBA expected to raise rates by 25 bps.
Tuesday's Asia economic calendar is sparse, though the Reserve Bank of Australia is widely expected to deliver a rate increase. A detailed preview will be available separately.
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Fed's Lisa Cook warns AI and oil will sustain inflation, further rate hikes depend on data. Bowman no comment.
Oil prices fluctuated on Iran deal talk, US Treasury yields rose, and stocks declined.
Trump to speak from Oval Office at 2 p.m. ET about a $15B Iowa steel mill; crude oil settles up 18 cents at $92.59 after earlier high of $96.54.
Al Jazeera, citing a US official, says Trump is ready to ease sanctions and release frozen funds for nuclear progress.