Core Viewpoint - The Federal Reserve, represented by Daly, indicates that policy adjustments may be necessary in the coming months due to a softening labor market and the need to recalibrate monetary policy to address various risks affecting its targets [1] Group 1 - The labor market has shown signs of weakness, and further slowdown is deemed undesirable [1] - Tariffs are unlikely to continue pushing inflation in a manner that would require monetary policy intervention [1] - The Federal Reserve has significant work ahead to bring inflation down to the target rate of 2% [1]

Core Viewpoint - The Federal Reserve's primary goal is to control the inflation rate at 2% [1] Group 1 - The Federal Reserve, represented by Kashkari, emphasizes the importance of maintaining a stable inflation rate [1]

Group 1 - Israeli Prime Minister Netanyahu stated that the Israeli Air Force has gained control over the airspace of Tehran, which he claims "changes the entire battle" [2] - The Iranian Revolutionary Guard Corps has prepared for a long-term comprehensive war with Israel, as stated by a senior advisor [2] - Iran launched a new round of missile and drone strikes against Israel, which is expected to continue until dawn on the 17th [2] Group 2 - The U.S. Senate Republicans have proposed a tax bill that would make three corporate tax cuts permanent and raise the U.S. debt ceiling by $5 trillion [3] - President Trump announced that he has signed a document completing a trade agreement with the UK and indicated potential trade agreements with Canada in the coming weeks [4] - The European Central Bank's Vice President stated that the risk of inflation falling below the ECB's 2% target has been controlled, with wage growth aligning with the ECB's goals [4] Group 3 - OPEC's monthly report maintained the global oil demand growth forecast for 2025 at 1.3 million barrels per day and for 2026 at 1.28 million barrels per day [5] - The average daily oil production of OPEC+ in May was 41.23 million barrels, an increase of 180,000 barrels from April [5] - Concerns over energy export flows from the Middle East have arisen as some shipping companies have suspended services in the region due to escalating risks from the Israel-Iran conflict [5]