Japan's Democratic Party secretary-general Shunichi Suzuki said Prime Minister Sanae Takaichi has said funding for a sales-tax cut must be secured without relying on deficit-financing government bonds to maintain market confidence.

U.S. President Trump said he wants Congress to add tariffs on Iran to the Russia sanctions bill.

Macquarie Group head of economic research David Doyle expects the Fed to hold rates at this meeting, but said the decision looks less clear-cut than earlier in the year. Market-implied odds of a rate hike are about 35%. The chair’s wording at the press conference and FOMC voting splits will be key. Markets will watch for dissents and any shift in statement language; if rates are held, dissenting votes are likely, with the count depending on how hawkish the wording becomes. Doyle still sees the next policy move most likely a hike in December. The statement could upgrade its description of unemployment (June said “little changed”) after a further small decline, and overall risk is skewed toward adding language that implies a bias to tighten.