The Daily Market Report 18 Sep 2026 The tape is sitting on this morning’s Bank of Japan print. The board hiked a quarter point. First step in three months. Highest setting in three decades. That closes the week’s policy file after Wednesday’s Fed move and Thursday’s Bank of England hold. Threadneedle Street left Bank Rate unchanged. The vote was split. Three members wanted a hike. Bailey’s line: energy from the Middle East is still the inflation risk, and the longer it runs the more likely policy has to tighten. Thursday’s US book: housing starts slipped again. Philly Fed cooled off last month’s high but stayed in expansion. 🛢️Oil Barrel : on a third down session, still over a hundred. Saudi cargoes are moving off Oman after the East-West line was hit. Fresh Saudi-Houthi strikes printed Thursday. A desk watches energy because it is the file behind this week’s inflation talk and the rate moves. Major Events: • Industrial production — this morning • Chicago Fed activity index — Monday • Richmond Fed — Tuesday • Flash PMIs — Wednesday