Fed's FOMC statement reiterated that inflation remains elevated, partly reflecting the effects of shocks.

A survey by the newly formed US Little Tech Association, based on a YouGov poll of about 1,200 adults, found 71% of respondents say large technology companies and their CEOs have too much power and 2% say too little. 68% support state and federal agencies using existing antitrust laws to target tech firms; 3% oppose. 90% expressed concern over how large companies collect and use personal data, with 48% saying they are very concerned.

A senior Israeli official said July 28 Prime Minister Netanyahu held a roughly 90-minute White House meeting with President Trump focused on Iran. Netanyahu signaled doubt a US‑Iran deal is likely and discussed stepping up economic pressure on Iran by military and non‑military means. The official said Trump was weighing three options: pursue a deal; maintain a maritime blockade and tighten economic pressure; or resume and expand military strikes. Trump warned a war would hit energy markets and the global economy, while Netanyahu said Iran is using the Strait of Hormuz as a remaining leverage point to extract concessions from the US.