White House Economic Advisor Hassett says inflation is very much declining at the core level and that falling inflation should help the Fed normalise rates, can imagine rate cuts alongside reducing balance sheet

Iran seizes two ships in the Strait of Hormuz citing violations and dangerous navigation, according to SNN

Korea (Republic of) Consumer Confidence (Apr) 99.2 (Prev. 107.0)

White House Economic Advisor Hassett says inflation is very much declining at the core level and that falling inflation should help the Fed normalise rates, can imagine rate cuts alongside reducing balance sheet

The US military intercepts at least 3 Iranian oil tankers in Asian waters and are redirecting the tankers, according to shipping and security sources

Cabinet loyalists have turned on UK PM Starmer in a growing backlash over his handling of the Mandelson scandal, with a senior Government source telling the Telegraph that the wheels have stopped turning in No. 10 and that there is a sense that it is over