Al Jazeera reported Iraq's government called for de‑escalation of regional tensions and warned a prolonged crisis would further complicate the situation.

Federal Reserve's HAMMACK said many long-term questions remain about how AI will affect inf.

Cleveland Fed president Beth Harnack said the recent sharp rise in U.S. Treasury yields is not driven by a loss of confidence in disinflation but primarily by higher real rates, a stronger growth outlook, fiscal policy and competition for investor funds. She said inflation expectations remain basically well-anchored, but inflation persistently above the Fed's 2% target imposes real costs and could affect business planning and wage pressures. The biggest inflation risk is an emergence of an "inflation mindset"—public expectations that higher inflation will persist. Harnack said the Fed needs to keep policy restrictive to push inflation back toward 2%. On the bond market, she said yield increases partly reflect repricing of Fed policy and government fiscal policy, and that heavy investment demand from AI and technology is competing with bonds for capital. She added that the current U.S. fiscal path is unsustainable.