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Last updated: July 14, 2026, 11:30 AM ET

Inflation Cools, Fed Rate Hike Bets Recede

Treasury yields plunged on Tuesday as the latest consumer price index data showed inflation cooling more than expected in June. The US CPI, with the core gauge remaining flat, reducing bets on a July Federal Reserve interest rate hike to approximately 20%. This development comes as Federal Reserve Chairman Kevin Warsh prepares to testify before a House panel on monetary policy, where he is expected to to combat inflation. Warsh has also focusing on key aspects of monetary policy.

Energy Markets Tighten Amid Geopolitical Tensions

Fuel markets in both the US and Europe are, exacerbated by escalating tensions in the Middle East. The White House acknowledged improvement in consumer prices while simultaneously warning of potential new price surges due to renewed attacks involving Iran. Russia is reportedly struggling to sell its oil, with significant volumes remaining at sea. In response to import reliance, India's Vedanta Oil plans to to quintuple its output. Meanwhile, US natural gas futures amid high inventories and softer demand.

Corporate Dealmaking and IPO Activity

Indonesian energy company PT Barito Renewables Energy has for geothermal producer Energy Development Corp. to expand its footprint in the Philippines. In the technology sector, Chinese memory chip giant CXMT Corp. unveiled terms for its Shanghai IPO, aiming to raise $9.8 billion. On the financial front, Brussels is proposing to for banks, following similar moves in the US and UK. Healthcare provider HCA Healthcare after quarterly earnings were negatively impacted by shifts in payer mix, leading the company to pare back its full-year financial guidance.

Other Market Developments

Options on SK Hynix Inc.’s American Depository Receipts began trading on US exchanges, offering increased access to the South Korean chipmaker's volatile stock. Brazilian medical provider Oncoclinicas is seeking to restructure nearly $1 billion of debt. In the aviation sector, budget airline Frontier Airlines is for in-flight Wi-Fi. Warren Buffett's Berkshire Hathaway plans to in stock, excluding the Gates Foundation from the primary recipients.