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On May 27, it was reported that US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu spoke by phone on May 26 local time. An informed source stated that the two sides discussed the situation amidst regional tensions and as US-Iran diplomatic negotiations entered a crucial phase.

On May 27th, according to Nikkei, Federal Reserve Chairman Neel Kashkari stated that the Fed may take a "series" of interest rate hikes to address inflation caused by the Middle East situation. During the FOMC meeting in late April, the Fed kept interest rates unchanged. Kashkari and two other officials objected to the Fed's decision to include language in its statement hinting at future monetary easing. In a written interview, Kashkari stated, "I think the next rate adjustment could be a rate cut, or it could be a rate hike," expressing his differing opinion. Kashkari said the outcome depends on the trend of inflation, which in turn depends on whether the Strait of Hormuz reopens soon or remains effectively closed due to further damage to the region's infrastructure, the latter exacerbating the global energy shortage. Kashkari expressed concern that long-term inflation expectations for businesses and households "could get out of control." He stated that the FOMC "will likely need to take strong measures," and that rate hikes, or even a series of rate hikes, may be necessary.

Federal Reserve's Kashkari: A protracted war with Iran could trigger a "series" of interest rate hikes in the United States.

May 27th - As of 2:30 PM closing, the Shanghai Gold futures contract fell 1.15% to 988 yuan/gram, the Shanghai Silver futures contract fell 1.38% to 18,601 yuan/kilogram, and the SC Crude Oil futures contract rose 0.81% to 610 yuan/barrel.

Sources say SoftBank has hired Goldman Sachs, JPMorgan Chase, Mizuho Bank, and Morgan Stanley to assist with the IPO of robotics company ROZE.

On May 27, local time, Vasily Nebenzia, Russia's Permanent Representative to the United Nations, stated that the United States' failure to issue a visa to Russian Deputy Foreign Minister Alexander Alimov to attend a UN Security Council meeting violated the "United Nations-United States Agreement on the Headquarters of the United Nations." Nebenzia stated that Alimov had originally intended to attend the meeting.

The Federal Reserve accepted a total of $1.787 billion from six counterparties in its fixed-rate reverse repurchase operations.

U.S. gasoline futures fell 5%, hitting a five-week low.

The US 2-year Treasury auction on May 26th yielded a winning bid of 4.071%, compared to 3.81% previously.

Musk: Reuters' report on SpaceX's Starlink is "inaccurate." The Pentagon has improperly utilized the Starlink civilian system.

The China Earthquake Networks Center officially reported that a magnitude 3.2 earthquake struck Puyang County, Puyang City, Henan Province at 00:46 on May 27, with a focal depth of 10 kilometers.

According to Nikkei: A meeting between Japanese Prime Minister Sanae Takaichi and Brazilian President Lula during the G7 summit in mid-June is being arranged.

According to Nikkei: Japan is preparing to launch trade negotiations with Mercosur in order to seek oil and more automobile exports.

According to Interfax news agency, Russian authorities are considering possible restrictions on diesel and kerosene exports, but have not yet made a decision.

Meta Platforms (META.O) will lay off 1,395 employees in King County, Washington in July 2026.

A Russian court has upheld the central bank’s request for immediate enforcement of a ruling against Euroclear.

On May 26, former New York Fed President William Dudley warned that the Federal Reserve's credibility as an "inflation fighter" is at risk of eroding given its prolonged failure to meet its 2% inflation target. "We've been above the Fed's inflation target for more than five consecutive years," Dudley said. "And there's a risk that inflation expectations could eventually become unanchored." His remarks highlight the challenges facing new Fed Chairman Warsh. Warsh took over the Fed at a time when the Consumer Price Index (CPI) recorded its largest monthly increase since 2023, and after Trump's continued attacks on Powell for not easing monetary policy. Dudley believes that Warsh's appointment and Trump's pressure for interest rate cuts have further exacerbated the credibility challenges facing the Fed.

Iranian President: Tehran seeks to end the war in a “dignified framework”.