Fed/Warsh Crossroads: New Fed chair Kevin Warsh faces a high-stakes first meeting as inflation hits a three-year high while markets bet on possible hikes despite White House pressure to cut, with investors hunting for signals on the next move. Middle East Energy Shock: Even if the Strait of Hormuz reopens, analysts warn oil relief won’t be instant; damaged infrastructure and shut-in wells could keep supplies tight for months, while Cushing storage is nearing a critical level. ECB Tightening vs Growth: The ECB hiked rates and trimmed its growth outlook, underscoring the inflation trap for other central banks. Philippines Rates & FX: BSP is seen leaning hawkish again as inflation stays elevated; the peso is expected to trade in a wide range ahead of Fed and BSP decisions. World Bank Growth Watch: The World Bank projects below-target growth for the Philippines in 2028 and flags broader risks from conflict. Switzerland Vote: Swiss voters rejected a 10m population cap, easing fears of an EU free-movement rupture. AI & Markets: AI job-disruption fears rise in a new survey, while AI infrastructure spending optimism continues to support select tech names.