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21:14
Austan Goolsbee, President of the Federal Reserve Bank of Chicago (2027 FOMC voting member): No regrets about casting a dissenting vote at the June FOMC monetary policy meeting
The market remains stable. Inflation is far above the target level and is moving in the wrong direction. We have not yet experienced a stagflation shock, and the job market has remained stable. Evidence is needed to prove that the current inflation is only temporary. Inflation in the service sector is somewhat concerning. In my view, it is necessary to determine whether this round of inflation will persist.
21:14
Oman's Foreign Minister stated that Oman and Iran's negotiators have once again stressed their strict adherence to international law, pledging to safeguard the security of navigation in the Strait of Hormuz, and that passage through the strait will not require any transit fees.
The Strait of Hormuz, as a crucial global oil transportation corridor, has always attracted widespread international attention regarding its passage security and fee regulations. The recent commitments made jointly by the two countries will also have a positive impact on regional shipping stability and even the security of global energy supply.
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