Daily Briefing — July 9, 2026 | Middle East Conflict Reignites, Central Banks Split on Inflation, and AI Keeps Tech Afloat

Global markets are grappling with the collapse of the US-Iran ceasefire, as fresh military strikes send oil prices surging and force central banks to rethink their inflation outlooks. This episode covers the Fed's June meeting minutes, which reveal a sharp divide among officials on whether rates need to rise again—and the surprising role that AI infrastructure investment is now playing in inflation forecasts. We also break down the ECB's accounts, the Bank of England's rate hike bets, and the remarkable bond market moves in Japan, where ten-year yields have hit thirty-year highs. On the corporate side, OpenAI launches GP...