Fed's Williams said current monetary policy settings are appropriate and he sees no need now to raise or cut rates, adding he does not see a clear directional path for future policy. The Fed has kept rates unchanged so far this year, but officials are divided after an energy-driven jump in prices; some warn that if shipping through the Strait of Hormuz does not recover quickly, a rate hike could be needed soon. The Fed-favored inflation gauge rose 3.8% YoY in April, the largest increase since 20

Bank of Japan Governor Ueda said the central bank will strive to achieve price stability through appropriate monetary policy, saying this is essential to prevent rising prices from weighing on economic activity and to help safeguard stability in financial and capital markets.

SAMR has launched a special sampling inspection of online catering, covering seven food categories—prepared dishes, snacks/fast food, staples, beverages, desserts, barbecue and hot pot—and related ingredients. The full-chain risk check targets high-volume, widely distributed, representative items and combines online and offline sampling: online coverage spans 14 platforms including Meituan, Taobao and JD; offline inspections cover 24 major and mid-sized cities including Beijing, Shanghai and Guangzhou and involve 875 food-delivery operators.