Global Macro & Markets
Kevin Warsh was confirmed by the Senate 54–45 on May 13, officially succeeding Jerome Powell as Fed Chair today as Powell's term expires. The transition arrives at a fraught moment: April PPI came in at +1.4% month-over-month (consensus: +0.4%), futures markets are now pricing only a 10.6% probability of any rate cut this year — down from 21.5% a month ago — and Warsh's first FOMC meeting isn't until June 16–17, leaving markets to read the new chair's posture from speeches rather than votes.
Kevin Warsh confirmed as Fed chair, succeeding Jerome Powell
Enterprise AI & AI Strategy
A new survey finds 74% of enterprises increased AI investment this year, yet 46% report their initiatives have fallen short of expectations — with fragmented, ungoverned data cited as the primary blocker rather than model capability. The pattern is consistent across sectors: AI budgets are growing faster than the data infrastructure needed to make the models actually useful inside enterprise workflows.
Enterprise AI Is Stalling: 46% of Initiatives Fall Short Despite Rising Investment
Software Engineering & Architecture
The Pragmatic Engineer's 2026 survey of software engineers finds companies broadly in an "experimentation phase" with AI coding tools, with several large teams flagging unsustainable AI-tooling budgets and a growing concern that developers are losing the ability to debug code they didn't write — and increasingly can't write themselves. The ability to reason about systems and trace failures is becoming a scarce skill as generated code gets cheaper.
The impact of AI on software engineers in 2026: key trends
AI Tools & Developer Utilities
Anthropic announced that starting June 15, Agent SDK usage on subscription plans will draw from a dedicated monthly credit pool separate from interactive limits — a pricing structure shift that suggests Managed Agents are moving from research preview toward a billable product tier. Claude Opus 4.7 is now generally available with particular gains on difficult software engineering tasks, and SAP confirmed Claude as the primary reasoning layer embedded across its Joule agent portfolio following the Sapphire partnership announcement.