Two U.S. officials said on June 11 local time a lockdown and evacuations at the Pentagon were caused by a false alarm. Earlier multiple sources and the local fire department had reported a "hazardous-materials incident" that prompted floor and corridor lockdowns and partial evacuations. A Pentagon spokesperson said building sensors detected an air-quality anomaly, prompting precautionary "shelter-in-place" orders for affected areas; an emergency response team is on site to investigate and suppor

Per a Wall Street Journal reporter, Pentagon officials said minutes ago the shelter-in-place order remains in effect.

China International Capital Co says US inflation remains driven mainly by structural factors such as energy shocks; cyclical inflation is not yet evident. Rising AI-driven capex and improving employment pose upside aggregate-demand risks. Baseline: the Fed will neither cut nor raise rates this year and is expected to keep a hawkish stance. After Wosh takes office his priority will be rebuilding policy credibility; he is more likely to demonstrate resolve by reinforcing expectations for balance-sheet reduction (QT) rather than signaling rate hikes. A 'QT first, delayed cuts' outcome cannot be ruled out and would continue to pressure liquidity-dependent assets and those that benefited from excess dollar liquidity or are misaligned with his policy stance.