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ECB's Lane says that EZ inflation being one percentage point above the ECB's 2% target, is a lot

StockNow breaking-news AI analysis

ECB's Philip Lane highlighted a significant inflation gap, projecting 3% inflation for 2026. Markets expect a September rate hike amid soaring energy costs and record-high bond yields.

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Politics

US President Trump posts "There are no talks or conversations going on, or scheduled, with the Islamic Republic of Iran. The Naval Blockade remains in full force and effect. The Hormuz Strait is open and operating"

U.S. Economy

Atlanta Fed GDP Now (Q3 2026): 4.0% (prev. 4.3%)

Geopolitics

Iranian Parliamentary Speaker Ghalibaf says the Strait of Hormuz will not open until the blockade and oil embargo are lifted. Adds, "Iran is ready to inflict a heavier defeat on the enemy than before, in proportion to his actions and encroachments."