The Fed accepted $175 mln from one counterparty in its fixed-rate reverse repo operation.

US Treasury Secretary Bessent said the Treasury is committed to cutting off every remaining economic lifeline to Tehran and ultimately ending the threat posed by the Iranian regime.

U.S. equity futures were directionless ahead of Fed chair KEVIN WARSH's Jackson Hole speech as tech investors took profits after an Nvidia-led rally. SocGen analyst Rajappa said this week's core PCE showed inflation firmer than expected and that aggregated data argue for policy action sooner rather than later. Historically, Jackson Hole remarks without a broader policy shift have produced limited equity moves — the S&P 500's average one-week change since 2000 is about 0.4%. Apollo's chief economist Thorsten Sløk expects Warsh to give little forward guidance but warns any comments on inflation, unemployment or the neutral rate could move long-end yields.