Panetta said monetary policy must adapt to a changing economy.

Trump said on the Russia-Ukraine conflict that he believes the conflict is getting closer to an end.

Deloitte said falling oil prices may help but rising interest rates, weak consumer and business confidence, stalled housing investment and a persistent cost‑of‑living squeeze have weakened Australia’s growth outlook. It cut its 2026–27 real GDP growth forecast from 1.9% to 1.3% and now expects annual growth below 2% over the next two years, with 2026 at 1.1% — the slowest pace since the early 1990s downturn.