Express News | Trump: Agrees to continue negotiations with Iran, but the ceasefire has ended
Five Working Groups Emerge—Wu’s 'United Front' Aims for Rate Cuts?
The policy framework reform spearheaded by Federal Reserve Chair Kevin Warsh has entered a substantive phase—with five working groups officially unveiled on July 9, bringing together heavyweight figures including the former Bank of England governor, a Nobel laureate in economics, and Marc Andreessen. This development follows the Bureau of Economic Analysis’s (BEA) quiet adjustment to its PCE calculation methodology, prompting warnings from Goldman Sachs and UBS Group that inflation readings will be systematically understated. China Securities Research has outlined a clear three-step roadmap: personnel appointments, framework overhaul, and a dovish pivot—culminating in an anticipated rate cut in the fourth quarter.
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During his 48 hours in Ankara, Turkey, Trump nearly became the focal point of global diplomatic momentum. Markets, allies, Ukraine, and Iran all swiftly adjusted their expectations based on his statements.
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Day Two After the 'End' of the Ceasefire: U.S. Expands Strikes, Iranian Retaliation Reaches Qatar Base, Trump Fights and Negotiates Simultaneously
The U.S. military's second wave of airstrikes expanded to the Bushehr region, striking approximately 90 military targets. Iran retaliated by launching drones for the first time against U.S. military bases in Qatar, Kuwait, and Bahrain, prompting multiple Gulf states to activate air defense alerts. Although Trump stated he did not believe another war would break out, the conflict continues to spill over, causing significant volatility in international oil prices.
Military tensions have escalated sharply, with both countries adopting firm stances, putting the U.S.-Iran Memorandum of Understanding at risk.
“In my view, it’s over,” U.S. President Trump said on May 8 in Ankara, Turkey, during the NATO summit, when asked about the memorandum of understanding with Iran.