DALY said she does not expect the labor market to add significant inflationary pressure.

U.S. Vice President Vance said on Aug. 5 that negotiations with Iran will be "bumpy and time-consuming" and that Iran is "very difficult to deal with." He said the U.S. aim is to manage the complexities and secure the best outcome for the American people and the president. Vance added that, although the process will be messy and take time, "oil prices will fall and remain low," "Iran will never obtain nuclear weapons," and "the U.S. will be in a stronger position." He said the parties are currently engaged in a strategic contest.

Iranian president dismissed controversy over the supreme leader's remarks on a ceasefire memorandum, saying they issued a message saying "in principle, I do not approve," but ultimately allowed the process to continue and that actors seeking to create division, exploit differences and advance factional aims have exaggerated the issue.