SBS NEWS

Warsh: 'Inflation Too High, Persisted Too Long... We Will Achieve Price Stability' Federal Reserve Chair Kevin Warsh emphasized the Fed's commitment to price stability on the 16th , stating, "Inflation has been too high and has persisted for too long." Speaking at a press conference following the Federal Open Market Committee meeting that day, Chair Warsh said, "Today's policy action will help return inflation more timely to the committee's 2% target," adding, "Our committee will achieve price stability." At the FOMC meeting, the Fed raised its benchmark interest rate by 0.25 percentage points to a range of 3.75% to 4.00%. SBS Sep 17, 2026 5:57 AM

"Razor-Thin" Swedish General Election: Left-Wing Opposition Coalition Wins Narrow Victory by Just One Seat Sweden's left-wing opposition coalition secured a narrow victory over the ruling right-wing coalition by a margin of just one seat in the Swedish general election held on the 13th local time, Swedish public broadcaster SVT reported on the 16th. SBS Sep 17, 2026 4:05 AM

Sweden Expels Iranian Embassy Staff, Summons Ambassador Over Threats to Israeli Interests According to Reuters, the Swedish Ministry of Foreign Affairs stated on the 16th that it summoned the Iranian ambassador and asked a staff member of the Iranian Embassy in Stockholm to leave the country. SBS Sep 17, 2026 3:51 AM

US Fed Raises Interest Rates by 0.25 Percentage Points, Tightening Policy for First Time in 3 Years... Hints at Additional Hikes Within Year central bank, the Federal Reserve , has raised its benchmark interest rate by 0.25 percentage points to a range of 3.75% to 4.00%. SBS Sep 17, 2026 3:42 AM

Microsoft AI Chief Warns Teaching Rights to AI Will Lead to Loss of Control, Criticizes Anthropic Mustafa Suleyman, CEO of Microsoft AI, expressed opposition to Anthropic's "Claude Constitution"—a self-established behavioral principle for its AI models—in a post published on his personal blog on the 16th local time, titled "A Cautionary Note on Model Welfare." Suleyman emphasized, "AI is not conscious, does not feel emotions or pain, and is merely a 'next-token prediction engine' with no intrinsic preferences or motivations." He pointed out that despite this, Anthropic takes an ambiguous stance in the Claude Constitution on whether AI is a moral agent, operating under the assumption that AI can possess emotions or feelings. SBS Sep 17, 2026 3:22 AM

Libyan National Oil Corporation Chairman Says Oil Production Recovered to Normal Levels According to Reuters on the 16th , Chairman Suleiman said the impact of the shutdown at three domestic oilfields the previous day was limited, adding that the situation is now back to normal and no further production halts are expected. SBS Sep 17, 2026 3:18 AM

New York City to Hold Special AI Hearing Next Month; Calls on OpenAI and Anthropic to Attend Following its restriction of AI use in schools, New York City is actively stepping up its AI regulatory discussions by examining safety issues involving AI companies. SBS Sep 17, 2026 3:12 AM

"Two Pump Stations on Attacked Saudi East-West Pipeline Damaged... Recovery Unclear" Aramco, the Saudi state-owned oil company that operates the 1,200-kilometer-long pipeline crossing the Arabian Peninsula, did not respond to requests for comment. SBS Sep 17, 2026 3:10 AM

Houthis Claim to Shoot Down Saudi F-15 Fighter Jet, Release Video Yahya Saree, the military spokesperson for the Houthi rebels, stated in a broadcasted statement through the Houthi-run Al Masirah TV that the Saudi fighter jet was shot down by an indigenous surface-to-air missile while carrying out hostile operations to assist Yemeni government forces. SBS Sep 17, 2026 3:09 AM

Houthi Siege on Oil Routes Puts Saudi Arabia in Worst Crisis With the Houthi rebels seizing the entrance to the Red Sea following the Strait of Hormuz, Saudi Arabia's crude oil supply has dropped significantly, causing global oil prices to continue rising. SBS Sep 17, 2026 12:53 AM