Fed’s cook says there are reasons to believe inflation levels can cool; so far ai hasn’t created notable job losses; it may yet turn out that the fed does not need to raise rates; job market has been resilient; sour consumer mood tied to a number of factors including high inflation

Fed’s cook says supported holding rates steady at recent fomc while waiting for more data; ready to raise rates if disinflation trend does not return; risk rising that too high inflation will become embedded in economy; firmly committed to restoring price stability; inflation risks outweigh job market risks; fed running out of room to wait for disinflation to return; economy resilient and growth at ‘solid pace’

Trump readies tariffs and price floors to bolster U.S. polysilicon

Us suspends imports from mexico's largest avocado producer' - afp news agency

Spacex chooses nvidia; short squeeze drives market rally, but extreme positive sentiment flashes warning

Iran's deputy foreign minister says no talks with U.S. have been held in recent days

Iran's deputy foreign minister says potential transit route negotiated by iran and oman could be viable for 2 to 4 months

The hormuz letter posts on x "iran has launched a ballistic missile attack on bahrain, per initial reports from fars. this is the first attack on bahrain in nearly two weeks."

Eia weekly distillates stocks 3.473m barrel draw vs 0.200m barrel build est.

USA gasoline inventories 1.643m barrel draw vs 1.300m barrel draw est.

USA crude oil inventories 2.479m barrel build vs 1.500m barrel draw est.

Ism non-manufacturing employment for july 47.4 vs 51.2 prior

Ism non-manufacturing pmi for july 54.1 vs 54.5 est.

Ism non-manufacturing prices for july 70.3 vs 67.7 prior

Iran and oman negotiators finalize draft strait of hormuz deal

USA s&p global composite pmi for july 54.5 vs 53.6 est

USA s&p global services pmi for july 54.6 vs 53.6 est

Bitcoin loses to stocks for the first time in 14 years

USA adp nonfarm employment change for july 44k vs 68k est.

Fed's kashkari, on cnbc, says ultimately committee has to decide on right communications posture; i think it is good for market to understand reaction function; there is value in continuing tradition of explaining reaction function; don't think there is a magic number of meetings

Fed's kashkari, on cnbc, says my goal is not to slow economy, my goal is to bring down inflation; most of inflation recently is from supply shocks, with some demand layered on top; believes now is the time to start slowly moving interest rates up; not calling for dramatic increase in rates

Stock market today: s&p 500, dow futures gain after scott bessent signals strait of hormuz deal with iran in sight—amd, spacex, sandisk in focus

Samsung, sk hynix test chinese chip tools as hedge against us risks' - reuters exclusive

Api crude oil stock 2.690m barrel build vs 2.000m barrel draw est.

More popular than tesla and spy? micro cap t3 defense (dfns) soars in interest on benzinga

Quick spark: s&p 500's best four-day rally since trump’s tariffs relief

White house plans to keep ai framework under wraps' - axios

White house set to extend jones act waiver as trump hunts for cheaper gasoline' - reuters exclusive

Major indices are trading higher as strong recent corporate earnings and further declines in oil prices lift sentiment, with optimism growing that the strait of hormuz could be reopened. palantir and caterpillar results helped drive gains, with strength in technology and industrial stocks supporting the broader market advance.

Trump administration preparing to set price floor, tariffs on imports of polysilicon and derivative products used in chips and solar panels

Iran says it weighs allowing europe to clear mines in strait of hormuz

New jersey ag files antitrust lawsuit against amazon' - reuters

USA durables excluding defense (mom) for june  0.5% vs 0.3% est

USA factory orders (mom) for june -0.3% vs 0.2% est

USA jolts job openings for june 7.359m vs 7.440m est

Trump gets the factory boom he wanted, but no thanks to tariffs

Fed's paulson says uncertainty of current environment makes it hard to provide forward guidance

Redbook retail sales index for july 2026 vs july 2025

Redbook retail sales index up 8.7% yoy for week ended 8/1/26

Fed's paulson says if progress not made on inflation, fed will need to act; it's complicated time for monetary policy; inflation is too high; we need mildly restrictive monetary policy and fed likely has that now; have an 'open mind' where rate policy is going; it was not a close call to keep rates steady; it's right to look through supply shocks

USA trade balance for june -73.30b vs -73.00b est.

Polymarket seeks more than $20 billion valuation in funding round' - bloomberg

Qatar signals progress toward short-term deal between us, iran' - bloomberg

U.S. treasury secretary, on cnbc, says core inflation away from segments affected by energy have been very quiet

U.S. treasury secretary, on cnbc, says warsh will help fed balance between growth mandate, inflation mandate; fed will balance between growth, inflation mandates; there are a lot of short-term indicators; underlying inflation numbers are very tame

U.S. treasury secretary bessent, on cnbc, says we may have iran deal tomorrow to open hormuz

U.S. treasury secretary bessent says regarding jpy intervention, we assured europeans it was just reallocation of reserves; japan government putting policies in place to change undervaluation; don't think carry trade is going to go away entirely; if jpy weakens other currencies would follow; we have seen excess volatility in korean won

U.S. treasury secretary bessent says japan moving toward a budget that will have a primary surplus; stable yen is important for U.S. and region; intervention no different than a swap line; fed should consider upsizing it; was set up for occasions just like

U.S. treasury secretary scott bessent, on yen intervention, says they are making serious efforts to stem devluation in currency

Qatar foreign ministry says efforts ongoing to seek diplomatic resolution to U.S.-iran war