Williams said the rise in medium-term inflation expectations in the New York Fed survey does not constitute a "warning signal".

Israeli public broadcaster reported that after a US request Israel on July 15 lifted restrictions on US military aerial-refuelling tankers landing at Tel Aviv’s Ben‑Gurion International Airport. The Israel Airports Authority told air traffic control to allow US tankers to land and park, reversing Transport Minister Miri Regev’s earlier order banning additional US tanker arrivals. Ben‑Gurion had sought to move the tankers to free stands for summer civil flights; sources said US Central Command, citing rising US‑Iran tensions, requested continued tanker and crew presence in Israel.

Fed chair Kevin Warsh said Bowman’s meeting with banks has been referred to the Fed’s Office of Inspector General and he will closely monitor the OIG’s findings into Bowman’s post‑FOMC dinner with bankers.