Ferrari shares in Italy rose 3.44%, triggering an automatic trading halt.

Market sources: UEFA members agreed to boycott the World Cup.

Kevin Warsh said at a press briefing that expanded Fed forward guidance can be prudent in financial crises (e.g., 2008–09) but should be reexamined in steadier economic environments. "Markets, market participants and reporters have learned to fully extract and interpret all of this information. Therefore, I think reducing reliance on forward guidance requires a transition period." He said that if officials observe a stable labor market alongside rising underlying inflation pressures, they will naturally lean toward tightening monetary policy.