Fed Chairman Kevin Warsh said the central bank will conduct deeper, more serious deliberations and reduce the frequency of public statements.

After CPI data was released, WTI and Brent futures saw little immediate reaction, trading at $79.76/bbl and $85.50/bbl, respectively.

Shanghai municipal executive meeting, chaired by Shanghai Party deputy secretary and mayor Gong Zheng on July 14, ordered an accelerated, sprint-stage push to complete preparations for the 2026 World Artificial Intelligence Conference and the linked high-level Global AI Governance meeting, and directed stronger support for green, low-carbon agricultural development. The meeting said the conference carries a national mandate for international cooperation in AI and comes at a global inflection as AI moves from assistant tools toward intelligent partners; it will be larger and higher-level than prior editions. Shanghai will pursue highest standards, premium service and the latest成果, emphasize innovation leadership to boost international influence, and stage curated inaugural showcases to comprehensively display high-quality innovations and position the event as a globally credible AI-technology barometer.