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"Fed Mouthpiece" Nick Timiraos: In June, The U.S. Core PCE Rose 0.13%, Marking The Most Modest Monthly Increase Since March 2025 (at An Annualized Rate Of 1.6%); The Three-month Annualized Rate Stood At 2.9% (compared With 2.8% A Year Earlier); The Six-month Annualized Rate Was 3.8% (versus 3.1% Last Year); And The 12-month Change Came In At 3.3% (up From 2.8% A Year Ago)
White House National Economic Council Director Hassett: I Am Very Optimistic That The Federal Reserve's Policies Are Moving In The Right Direction
White House National Economic Council Director Hassett: Warsh's Job Has Been Made Easier By Today's Inflation Data
White House National Economic Council Director Hassett: (When Asked After The Release Of The PCE Data Whether He Still Had Confidence In Federal Reserve Chairman Warsh) Of Course
The Main Coking Coal Futures Contract Continued To Weaken, Falling 3.00% Intraday, And Is Currently Trading At 1199 Yuan/ton
The Main Coking Coal Futures Contract Fell By 2.00% During The Day, Currently Trading At 1787.00 Yuan/ton
The Main Coking Coal Futures Contract Fell By 2.00% During The Day, Currently Trading At 1209.50 Yuan/ton
According To Agricultural Consultancy Datagro, Brazil's Soybean Production For 2026/27 Is Projected At 185.6 Million Tons, Compared To 182.8 Million Tons In The Previous Year; Second-crop Corn Production For 2026/27 Is Projected At 118.1 Million Tons, Compared To 115.5 Million Tons In The Previous Year; And Total Corn Production For 2026/27 Is Projected At 147.5 Million Tons, A 2% Increase Over The Previous Year
Bank Of England Governor Bailey: Due To Tariffs, The UK May Be Affected By The Downward Impact Of Changes In The Trade Environment On Commodity Prices
Russia's Central Bank Gold And Foreign Exchange Reserves Stood At USD 732.1 Billion For The Week Ending July 24, Up From USD 722.9 Billion In The Previous Week
Bank Of England Governor Bailey: We Need To Closely Monitor The Development Of The El Niño Phenomenon
Bank Of England Governor Bailey: Do Not Expect The Bank Of England To Be Close To Raising Interest Rates
Bank Of England Governor Bailey: We Should Learn Something From The Weaker Transmission Effect
Bank Of England Governor Andrew Bailey: I Hope Everyone Leaves This Room Without The Impression That The Bank Of England Is Steadily Moving Toward Raising Interest Rates
The Fed's Preferred PCE Inflation Gauge Fell For The First Time Since The Onset Of The Pandemic, But The Risks Remain Far From Over

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Bank of England Governor Bailey held a press conference on monetary policy.
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Remarks of Officials

Middle East Situation

Latest news on the Israeli-Palestinian conflict

Palestinian-Israeli conflict

Political
U.S. presses Netanyahu on Gaza ceasefire's second phase, facing delays over hostage remains and Rafah crossing.
Top U.S. envoys met with Israeli Prime Minister Benjamin Netanyahu on Saturday, urging his government to move forward with the second phase of the Gaza ceasefire agreement. The diplomatic push comes as the deal faces significant hurdles, including the return of a hostage's remains and the reopening of a critical border crossing.
Netanyahu met with U.S. President Donald Trump's envoy Steve Witkoff and son-in-law Jared Kushner. According to a U.S. official, the talks focused on recovering the last hostage's remains from Gaza and outlining the next steps for the territory's demilitarization. While the U.S. is keen to maintain momentum on the Trump-brokered deal, Netanyahu is under domestic pressure to delay progress until Hamas returns the hostage.

The most critical signal of the ceasefire's second phase would be the reopening of the Rafah border crossing between Gaza and Egypt. Ali Shaath, head of a planned technocratic government intended to manage Gaza's daily affairs, stated on Thursday that the crossing would open in both directions this week. However, Israel, which currently controls the Gaza side of the crossing, has not confirmed this and said it would review the issue.
The situation is complicated by the case of Ran Gvili, whose body remains in Gaza. His family is urging for increased pressure on Hamas. "President Trump himself stated this week in Davos that Hamas knows exactly where our son is being held," the family said Saturday, accusing the group of violating the agreement.
Hamas countered on Wednesday, claiming it had provided mediators with "all information" it possesses about Gvili's remains and accused Israel of obstructing search operations in areas it controls. The ceasefire originally took effect on October 10.
Egypt's top diplomat is also pushing for an immediate reopening of the Rafah crossing. Foreign Minister Bader Abdelatty spoke by phone with Nickolay Mladenov, the Bulgarian diplomat serving as the high representative for Trump's new Board of Peace in Gaza.
According to a statement from the Egyptian Foreign Ministry, their discussion covered several key elements of the ceasefire's second phase:
• Deployment of an international monitoring force.
• Opening the Rafah crossing for entry and exit.
• Withdrawal of Israeli forces from the strip.
The ministry described the implementation of this phase as a "key entry point" for Gaza's reconstruction. Meanwhile, a Hamas delegation met with the head of Turkey's National Intelligence Organization in Istanbul to discuss the ceasefire.

Despite the diplomatic efforts, tensions remain high. On Saturday, an Israeli strike killed two Palestinian teenagers, cousins aged 13 and 15, in Gaza. According to Shifa Hospital in Gaza City, which received the bodies, the boys were searching for firewood at the time.
A relative, Arafat al-Zawara, said the teens were killed about 500 meters from the Yellow Line, which separates Israeli-controlled areas from the rest of the strip, in a zone the Israeli military had previously declared safe for Palestinians.
The Israeli military stated it had targeted militants who crossed the Yellow Line to plant explosives, denying that children were killed in the strike.
According to Gaza's Health Ministry, more than 480 Palestinians have been killed by Israeli fire since the ceasefire began. These casualty records are generally considered reliable by U.N. agencies and independent experts. Israel disputes the figures but has not provided its own data.
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