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September 2026

Chicago Will Measure Its Data Centers. Pausing New Ones Is Stuck in Committee.
Buildings with data centers must now report energy use; the city may keep it private. The mayor's moratorium and a rival went to Rules, and they would…
 • Christopher Sweat
Chicago's Mayor Sent Data Center Zoning to a Task Force. An Alderman Filed It.
Conway filed alone; Vasquez says he will sign on Wednesday. The mayor's task force reports in March, after the election. Six weeks after he asked for a…
 • Christopher Sweat and Ryan David Lazarus
Japan Paid the Oil Bill in Treasuries
Japan spent about $170 billion defending the yen, and its Treasury holdings fell by $135 billion. On Friday, it raised rates, and the yen fell anyway.
 • Christopher Sweat
The Fed Moved. The Curve Answered.
A unanimous hike, no cuts through 2027, and a curve that flattened on the day. What held from Five Percent, what did not, and the ninety days that…
 • Christopher Sweat
Five Percent: The Near-Term Price of the Long Arc
The ten-year at 5 percent, Brent at $108, a hike at 93 percent: four of the administration's long-horizon claims were repriced this week, and those who…
 • Christopher Sweat
Is Kalshi a Financial Exchange or a Sportsbook? One Judge in Chicago Rules Next.
Kalshi calls itself a financial exchange. A federal appeals court says it has a gambling problem. In Chicago, Judge Martha Pacold hears every challenge…
 • Christopher Sweat
The Council Rewrote the Bill in the Room
Chicago has never used a water reporting power it has held since 2017. A City Council committee found out Tuesday and amended the bill on the floor.
 • Christopher Sweat

August 2026

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