Bloomberg Markets
Daniel Fried, former US ambassador to Poland, said 'Iranians have little incentive in the near term' to allow the Strait of Hormuz to open and that a solution to the conflict will require patience. Fried, who also served as the assistant Secretary of State for Europe, also said that when it comes to assisting Ukraine in war against Russia, the US is leaving 'perfectly good leverage on the table' because Ukrainian success also means success for the US.
(Source: Bloomberg)
NY Times Business
Minutes from the Federal Reserve’s July gathering showed broadening support for higher borrowing costs to stamp out lingering price pressures.
Yahoo Finance
MarketWatch
The minutes make clear that Federal Reserve officials remained divided over the inflation outlook.
MarketWatch
The Treasury just sparked a bond-market rally. Here is why it may not last.
Yahoo Finance
Yahoo Finance