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Between 15-18 Sept 2026, PM Sébastien Lecornu ordered all non-defence ministries to freeze nominal outlays and carved out €54 billion in cuts for the 2027 budget to stop the deficit from blowing past 6 % of GDP.
Between 16–18 Sep 2026 Saudi Aramco, after a 11 Sep drone attack that disabled three pumping stations, froze all October shipments to European refiners and announced it will bypass damage to restore roughly half of the 7 mb/d East-West pipeline within “a few days,” aiming for full flow in six weeks.
On 18 September 2026, the 96-year-old ‘Oracle of Omaha’ formally relinquished the chairman’s gavel he had wielded since 1970, becoming chairman emeritus while longtime director Howard G. Buffett assumed the board chair and Greg Abel continued as CEO.
On 17 Sept 2026, a presidential decree placed the Russian assets of Nestlé and Auchan under “temporary administration,” stripping the firms of control and handing management to the little-known AO L.E.V. Menedzhment.
U.S. Energy Secretary Chris Wright said Riyadh’s 1,200-km East-West crude pipeline, shut after drone attacks last Friday, should resume pumping in “days,” not weeks, easing fears of a prolonged 4–5 mb/d supply disruption.
Between Sept 4-13, 2026, President Trump vowed to halt U.S. trade with deficit-partner nations unless the Federal Reserve cut rates, even as the Fed headed into its Sept 15-16 meeting widely expected to raise rates by 0.25 percentage point.
The Fed’s surprise 25-bp hike to 3.75–4.00% on 17 Sep 2026 sent the yen tumbling to ¥156.42/$ and forced markets to fully price a Bank of Japan increase to 1.25% the next day, a level unseen since 1995.
On 16 Sept 2026 the Federal Reserve lifted the federal-funds target by 0.25 percentage points despite President Trump’s public push for a cut, and hinted another hike could follow before year-end.
Both banks abruptly reversed prior ‘no-change’ calls and now see the Fed lifting its policy rate by 25 bp at the 15-16 September 2026 FOMC meeting, bowing to markets that price an 87 % chance of action after oil’s jump above $100.
On 16 Sept 2026 the FOMC unanimously raised the fed-funds target by 25 bp to 3.75–4%, breaking a three-year pause and signalling at least one more increase this year.
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