Fed’s Waller backs steady rates in September as Iran tensions stay in focus

Fed’s Waller said he will support holding rates steady in September, according to the item. The source also flags Iran tensions and says a response to any future US attack would be “asymmetric” and “multi-layered.” Other items in the source include Oman’s rejection of Iran’s pitch for Strait of Hormuz fees, Canada’s Carney saying the US gave no assurances on tariff levels, and France’s prime minister calling for “new savings” in the budget to finance aid to farmers.

The roundup also cites BoE’s Pill seeing a need for a rate rise as the war’s course remains uncertain, Zelenskiy expecting a meeting with US negotiators in coming days, and Japan FX chief Mimura saying he is on alert over yen moves and not reassured. The feed further mentions Trump administration efforts to get more oil flowing from California, VW approving a plan to cut 50,000 more jobs in a broader overhaul, a new bill cracking down on AI agents after the Hugging Face breach, and outages at ChatGPT, Grok and Claude.

It also says Apple might be scrapping its rumoured foldable MacBook, AbbVie’s Etentamig met endpoints in a myeloma trial, and top automakers urged Congress to permanently ban Chinese cars.