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5 Things to Know Today: Warsh Takes the Podium as Gas Tax Relief Runs Out

  Friday, August 28, 2026 Markets are in wait-and-see mode this morning ahead of the biggest speech of the summer, while two countdown clocks — one at the pump, one on the trade file — keep ticking closer to zero. Here's what matters for your wallet today. 1. Fed Chair Warsh Gives His First Jackson Hole Speech at 10 a.m. ET Kevin Warsh, three months into the job, steps up to deliver his first extended public remarks as Federal Reserve Chair rather than a post-meeting summary. He's held rates steady at both meetings since taking over from Jerome Powell, and investors are watching for any hint of whether he leans toward treating the current 3.3% core inflation reading as temporary — or toward raising rates further to hit the Fed's 2% target. The backdrop: the 30-year Treasury yield touched a 2007-era high of 5.31% earlier this month, prompting an unusual Treasury Department intervention in the bond market. What it means for you: Long-term borrowing costs (mortgages, lines of...
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Qatar Suspends Gaza Ceasefire Mediation Amid Stalemate

 

 Qatar has decided to suspend its mediation efforts in the Gaza ceasefire negotiations, citing a lack of progress and commitment from both Hamas and Israel. This decision marks a significant setback in the ongoing efforts to broker peace in the region.

An official briefed on the matter stated that Qatar will not resume its role until both parties demonstrate a sincere willingness to negotiate in good faith. The official also mentioned that the political office of Hamas in Doha “no longer serves its purpose” under the current circumstances.

Qatar has been a key mediator alongside Egypt and the United States, working tirelessly to facilitate a ceasefire and the release of hostages held by Hamas. However, the latest round of talks in mid-October failed to yield any agreement, with Hamas rejecting a short-term ceasefire proposal.

The suspension of Qatar’s mediation efforts underscores the growing frustration with the stalled negotiations and the ongoing conflict in Gaza. It remains to be seen whether this move will prompt a renewed commitment from both sides to return to the negotiating table.


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