- 51% probability of a December Fed rate hike
- 60% probability of a January rate hike
- 71% probability of a March rate hike
May 15, 2026
▲ 1▼ 2– 4
Central Banks 3
- Powell appointed chair pro tempore until Kevin Warsh's official swearing-in
- Transition follows standard Fed practice during chair transitions
- Warsh's appointment pending, no timeline specified for swearing-in
- Fed Board does not object to United Texas Bank conversion to national bank
- Conversion follows Dodd-Frank Act requirements
- OCC submitted supervisory plan to address enforcement actions
Energy/Oil 1
- Industrial natural gas use averaged 23.6 Bcf/d in 2025, up 1% from the 2023 record of 23.4 Bcf/d.
- Forecast predicts consumption will continue rising, hitting new highs in 2026 and 2027.
- Growth is linked to a modest increase in the natural‑gas‑weighted manufacturing index.
Tech/AI 1
- Frontier AI models already surpass skilled hackers in cyber capability, amplifying financial stability risks
- Regulated firms urged to bolster cyber resilience, governance, and third-party risk management amid AI-driven threats
- UK authorities to monitor frontier AI developments via CMORG and issue further guidance in 2026
Companies 2
- Fed approves Stephen M. Calk 2025 Trust's application to become a savings and loan holding company
- Trust to acquire National Bancorp Holdings, Inc., and indirectly The Federal Savings Bank
- Approval required under U.S. banking regulations
- Fed ended 2023 cease-and-desist orders against UBS, Credit Suisse AG, and its US subsidiaries on May 12, 2026
- Termination follows completion of post-merger integration and compliance reviews
- No further regulatory penalties or restrictions imposed on the entities
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