🇷🇺🇮🇳 Putin and Modi have agreed to continue strengthening their strategic partnership during the BRICS summit. The leaders discussed collaboration in political, economic, and defense sectors. Modi is expected to visit Russia at Putin's invitation. For more details, visit the release.
❗️🇮🇷 A representative of the Yemeni Houthis will make a statement at 9:00 AM Eastern Time.
🚨 Ahead
The Central Bank of Russia will hold a press conference today at 15:00 Moscow time.
Watch here
The Central Bank of Russia will hold a press conference today at 15:00 Moscow time.
Watch here
🚨 Ahead
The United States will release its Consumer Price Index (CPI) data for August at 15:30 Moscow time.
The United States will release its Consumer Price Index (CPI) data for August at 15:30 Moscow time.
🚨 The head of the Central Bank of Russia, Elvira Nabiullina, stated that the room for reducing the key interest rate in Russia is now less than the Central Bank had anticipated in the first half of the year.
🔥🇺🇸 U.S. consumer inflation data for August shows a month-over-month increase of 0.4%, matching expectations and up from 0.1% previously. Year-over-year, the Consumer Price Index (CPI) rose by 3.4%, also in line with forecasts and consistent with the prior figure. The core CPI, which excludes volatile items, registered a year-over-year increase of 2.4%, slightly below the previous rate of 2.5% but in line with expectations.
⚠️🇺🇸 Traders have fully priced in two interest rate hikes by the Federal Reserve by the end of 2026, according to Bloomberg.
⚠️🇷🇺 Russia has faced 30,000 sanctions, twice the number imposed on all other countries combined. Structural changes have made the Russian economy resilient and agile, according to President Putin.
✨ Since the mass launch of the digital ruble, 87,000 accounts have been opened and over 50,000 transactions conducted, according to Nabiullina.
🌎 BRICS countries accounted for over 40% of global GDP in the past five years, while the G7 contributed just 29%. Nearly half of the growth in the world economy came from BRICS nations, compared to less than 20% from the G7, according to Putin.
⚠️🇺🇸 Traders on Polymarket currently see a 79% chance of a 0.25% rate hike by the Federal Reserve in September.
🌕 The head of the Central Bank of Russia, Elvira Nabiullina, addressed questions regarding the bank's plans to sell gold in 2026 rather than buying it like others. She explained that the Central Bank began purchasing gold several years ago when others were not. The current sales are primarily related to operations involving the Ministry of Finance.
⚠️🛢🇺🇸 Trump's chief economic advisor, Kevin Hassett, expressed that diesel prices are currently a major concern. He emphasized the importance of addressing this issue to ensure economic stability.
🚨🛢 The Iranian Foreign Ministry has announced plans for a regional meeting with Persian Gulf countries on Monday, September 14. Iran intends to hold the meeting in Oman with Iraq and other regional nations to discuss secure commercial shipping routes in the Strait of Hormuz.
🚨🛢 Iran's Foreign Ministry has stated that shipping in the Strait of Hormuz cannot be guaranteed as long as the maritime blockade and economic warfare by the US continue.