PCE Hits 4.1%: Inflation hit a three-year high, flipping Wall Street's narrative from "when will the Fed cut?" to "how soon will it hike?" Minneapolis Fed President Neel Kashkari confirmed he's penciled in one increase for 2026, and JPMorgan's Bruce Kasman warned the market is underestimating how sticky price pressures remain. The Kevin Warsh-led Fed is a "black box" on timing, leaving traders guessing.

Grantham Calls AI Bubble Peak: Legendary investor Jeremy Grantham told The...