Al Jazeera reports Iraq's prime minister said Iraq will not serve as a launchpad to threaten neighboring countries.

Sources said Northrop Grumman and the U.S. Air Force have jointly assembled the first complete Sentinel intercontinental ballistic missile.

Jefferies global economist Mohit Kumar said he expects the Fed to raise rates this week and that remarks from Fed governor Christopher Waller will be pivotal for the outlook. Jefferies sees fewer actual hikes than the forward market’s roughly 3.5 additional hikes priced in. Kumar said a first increase may be needed for credibility, but subsequent hikes will hinge on how long the war lasts and on oil-price developments.