The U.S. ambassador to Israel said Israel has notified Washington of an Iranian plot to assassinate the U.S. president. He said Iran's threats are not new, its behavior has not changed, and there is no evidence of a genuine moderate faction in Iran.

Deutsche Bank says a dense slate of Fed speeches precedes the next quiet period. Key schedule: Waller speaks Monday at the New York Commercial Economic Club; the Chair testifies Tuesday–Wednesday. Several officials will give outlooks after the June CPI print — Cook on Wednesday, Vice Chair Jefferson, Dallas Fed’s Logan and Kansas City Fed’s Schmidt on Friday. Deutsche Bank expects the Chair to reiterate recent remarks and stay tight-lipped on future action; Waller is likelier to outline his reaction function, so his remarks merit close attention for policy signals. Market focus will be how officials interpret June CPI and whether any signal support for a July rate increase. The June minutes noted “several” officials saw a case for a hike last month; since then oil and inflation expectations fell then partially rebounded and the unemployment rate declined further, leaving open the possibility of dissenting votes in July in favor of tightening.

The European Commission is drafting a "solidarity tool" to help firms shift supplies of critical goods and cushion the impact of trade conflicts, sources say. The measure will require funding and is being considered in talks on the EU's next multiannual financial framework; the required funding is unclear but could be substantial given the scale of affected industries and trade. Some member states are pushing for spending cuts. National envoys were briefed on the proposal this week.