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FedIMPORTANT

New Fed Chair Warsh says ours is a time of great consequence; not naive about challenges they face; inflation can be lower, and growth strong

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Will lead a reform orientated Fed. Will learn from past mistakes and successes.

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Geopolitics

Gulf official tells CNN “50:50” chance US and Iran could reach deal by Friday, CNN reports; Iranian delegation does not include IRGC, which would need to sign off on details of provisional agreement

Geopolitics

The draft agreed to by Iranian and Omani negotiators awaits final approval from Iran’s supreme leader, two regional officials told The Associated Press on Wednesday

U.S. Economy

US ADP Employment Change (Jul) 44K vs. Exp. 70K (Prev. 98K)