Trump says the war with Iran will end soon.

Liz Miller, founder and president of Summit Place Financial Advisors, said markets largely expect the Fed to raise rates next week and she assigns a high probability, but a further tightening is "fundamentally unnecessary" given overall economic stability. Miller said she wants to hear the Fed's deliberations—some Fed officials favor preemptive action to push inf back to 2%—and recommended monitoring whether rising oil prices pass through to core inf and whether core inf begins to ease.

China's acting UN chargé d'affaires Sun Lei told a UN South‑South Cooperation Day high‑level discussion that Beijing supports Uruguay's remarks on the Group of 77 and China and called for deepening South‑South cooperation. He praised the UN Office for South‑South Cooperation, urged focus on capacity building and knowledge sharing, and said initiatives should be developing‑country led, demand‑driven and deliver practical results; he described China as part of the Global South.