Fed official Schmid said inflation excluding energy remains well above 2% and is broad-based across goods and services. Monthly core inflation in the six months to June ran above the pace consistent with returning inflation to target; on a 12‑month basis core inflation is 3.2%, roughly 0.5pp higher than in June last year. While recent price pressures include supply shocks — shipping disruptions, oil and tariffs — Schmid cautioned against blaming inflation solely on supply factors, saying it refl

Trita Parsi, executive vice president of the Quincy Institute for Responsible Statecraft, said on Monday that Trump’s repeated pattern of escalating military threats against Iran and then canceling attacks has damaged prospects for a negotiated settlement. “It has become a tiresome pattern. If it continues, ultimately all negotiating credibility will be lost. People will question whether agreements will be honored and whether offered incentives are credible — and the credibility of the threats themselves will be eroded,” she said.

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