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RBA's Harper says stronger than expected domestic demand and reemergence of capacity constraints have widened the output gap again and markets are now anticipating that the bank would have to address this

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Says: Persistent inflation is a genuine concern. Market measures of inflation have gone up, which is a worry.

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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

Geopolitics

US Treasury official says the latest removal of sanctions on Iran is not indicative of any shift in US policy toward the Government of Iran, Fox's Heinrich reports

Fed

Fed's Kashkari (2026 voter, Hawkish dissenter) says now is the time to start slowly moving up rates, but not calling for dramatic rate hikes