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Inflation Risks Are Tilted To The Upside US Economy Buffeted By 'Cascade' Of Shocks Expect Elevated Inflation In Short Run, Then Decline Fed Can't Consider Each Supply Shock In Isolation Not Seeing Inflation Spillovers From Tariffs, Energy Expect Near-term Growth To Remain At First-half Pace Continued High Inflation Co
EXECUTIVE SUMMARY * TRUMP HAILS 'VERY GOOD' IRAN TALKS FOLLOWING ANNIHILATION THREAT - BBG: #cdbad0a1-5c8d-4cdb-9819-370162b99299 * ZELENSKY ASKS TRUMP FOR WINTER ARMS PACKAGE, EXPECTS ENERGY-CEASEFIRE PUSH - WSJ: #a4c79a68-e487-466b-a806-4885fa3200e0 * LASTING SHOCKS, FIRMING DEMAND REQUIRE FED ACTION - BARKIN - MNI