Fed's Williams said the Fed will adjust the supply of reserve balances as market conditions warrant.

Federal Reserve's Collins says he now sees an increased probability that future inflation will be significantly above 2%.

The general offices of the State Administration for Market Regulation (SAMR) and the Ministry of Ecology and Environment (MEE) issued a joint notice launching a baseline carbon emissions measurement review of key emitters covered by China’s national carbon market. The exercise, aimed at implementing Party Central Committee and State Council directives, is intended to provide a clear roadmap for emitters’ carbon measurement management and to strengthen data safeguards for fair trading. Assessments will cover firms’ carbon measurement management systems, allocation, management and use of measurement instruments, and digital/intelligent upgrades, with the objective of mapping current practices and identifying weak points.