Markets & Economy:

US Market Wrap: Stocks and bonds rallied as falling oil prices eased inflation concerns following the Federal Reserve's first rate hike since 2023. The S&P 500 rose 1.1%, Nasdaq 100 added 1.7%, and semiconductor stocks climbed 3.1%. The 10-year Treasury yield retreated, snapping an eight-session streak of increases.
Central Banks: The Bank of England overhauled its bond-selling approach to provide gilt market relief, while the Bank of Japan is expected to raise interest rates on Friday.
TIPS Auction & Money Markets: US 10-year TIPS auctioned at a high yield of 2.653% ($19B sold), while US money-market fund assets declined to $7.92 trillion.
MOC Imbalances: Market-on-Close order imbalances showed net buying across major indexes (S&P 500: +$3.06B, Nasdaq 100: +$1.45B, Dow 30: +$1.39B).

Energy & Commodities:

Brent Crude settled lower at $104.82/bbl (-0.95%), and WTI Crude settled at $101.91/bbl (-0.51%).
NYMEX October futures settled at $5.1139/gal for Diesel, $3.5073/gal for Gasoline, and $2.9010/MMBtu for Natural Gas.

Middle East: Israel's PM Netanyahu called to topple the Iranian regime during his campaign launch; Iran downed at least two US unmanned aircraft recently; UKMTO reported a security incident in the Strait of Hormuz; and IRIB denied reports of an explosion near Kharg Island.
US Politics & Trade: Donald Trump and Mexico's President Sheinbaum are nearing a trade agreement; Trump announced progress on a US military base location in Poland and plans to meet Iraq's Prime Minister next week.
Sanctions: The US imposed sanctions on cryptocurrency exchange BitBank for allegedly supporting the Iranian government.

CEOs from OpenAI and Nvidia ($NVDA) are slated to attend the Trump-Xi state dinner.
The FAA plans to launch an AI-powered air-traffic management tool.
SpaceX targeted September 28 for its Starship Flight 14 launch.