Kevin Warsh chairs his first Federal Reserve rate meeting as inflation rises and energy prices remain elevated after the U.S.-Iran conflict. Investors will watch the policy statement, news conference and dot plot for signs of the new chairman’s approach.
News Mash
Iranian oil tankers have crossed a U.S. blockade line near the Strait of Hormuz ahead of planned U.S.-Iran talks in Switzerland. The emerging memorandum has triggered disputes over sanctions relief, Lebanon and the future of Iran’s nuclear program.
Trump said he is delaying Jay Clayton’s intelligence chief nomination and keeping Bill Pulte as acting director while pressing Congress to pass a voter ID bill. The move comes amid a fight over renewing Section 702 of FISA, a lapsed surveillance authority.
Brazil’s Supreme Court convicted Eduardo Bolsonaro of lobbying the United States to interfere in his father Jair Bolsonaro’s coup trial. He was sentenced in absentia to four years and two months in prison and called the ruling “baseless and senseless.”
ICE says detainees have been moved out of Florida’s Everglades detention center known as “Alligator Alcatraz” because of hurricane-season safety concerns. The transfers come amid reports of a possible shutdown and continuing allegations over conditions at the facility.
Rep. Barry Moore defeated former Navy SEAL Jared Hudson in Alabama’s Republican Senate runoff, strengthening his path to succeed Sen. Tommy Tuberville. Moore leaned on President Donald Trump’s endorsement in a race that turned sharply negative over questions about his military record.
Potential Tropical Cyclone One could become the first tropical storm of the 2026 Atlantic hurricane season while bringing heavy rain and dangerous flooding from Texas to the Southeast. Flood watches and warnings covered more than 40 million people across the region.
Federal authorities charged five men with plotting to attack a White House UFC event using explosive drones and snipers. Prosecutors said the plan targeted “high value targets” and was disrupted before it could be carried out.