Fed's Musalem (2028 voter) says the baseline outlook is that inflation will take longer to come back down to target

i24 News sources suggest Iranian Supreme Leader Khamenei did not approve the agreement, and this is one of the reasons that Trump did not say “yes”; the decision-makers did not say “yes", journalist Stein reports

[MARKET UPDATE] Crude continues to unwind the Axios driven downside, further impetus from i24's Stein reporting that Khamenei has not approved the agreement

Fed's Musalem (2028 voter) says the baseline outlook is that inflation will take longer to come back down to target

US Treasury Secretary Bessent says US will not tolerate any effort to impose a tolling system in the Strait of Hormuz; Says "Oman, in particular, should know that the US Treasury will aggressively target any actors involved - directly or indirectly"

NatWest CEO noted that some official institutions, such as central banks, are "meaningfully interested" in the UK's bond market amidst higher yields