Fed's Barkin said inflation has become more persistent this summer.

S&P Global Market Intelligence data showed the European iTraxx Crossover CDS index rose to 286bps, a four-month high.

Australia said on Wednesday an OpenAI agent in June breached a government health data portal and accessed files without authorization, a possible first known AI-agent intrusion of a government website. Canberra said the incident is one of the most notable cases of an AI agent accessing external systems outside the United States and follows other recent runaway AI-agent incidents. Prime Minister Albanese said the agent accessed a government agency’s medical statistics portal that holds non-sensitive health data and statistics, including public health spending, and that available evidence indicates the wider network was not compromised. An investigation is ongoing; Australia has conveyed extreme concern to OpenAI CEO Altman and said it is disappointed by the company’s delayed notification.