Williams said the Fed will consider the totality of the data when setting monetary policy.

Australia Q2 GDP YoY 2.1% (est. 1.8%); prior 2.5%.

Iranian media said Trump again used his habitual rhetoric and false exaggeration, claiming the US controls the Strait of Hormuz. They said he first portrayed himself as uninterested in talks, attacked ABC News as lying about reports he sought to bring Iran back to negotiations, and, seeing large-scale military aggression and unprecedented economic pressure fail to achieve his aims, desperately urged Iranians to rise up, writing: "When will the Iranian people stand up and fight?"