Jobless Claims Continue To Show No Signs Of Labor Market Stress

IRGC Threatens 18 US Tech Companies In Region After Hegseth Declared Regime Fragmenting; Trump Reiterates War To End 'Soon' Summary IRGC warns it will hit 18 US tech companies in region, says Siemens in Israel already attack China, Pakistan issue broad five-point framework for peace (document below); France, Italy begin to block airspace for Iran-related US ops WarSec Hegseth saw "upcoming days will be decisive", strikes will continues without any deal - says "regime fragmenting" President Trump signals off-ramp, tells world "go get your own oil", says Iran 'decimated'. Tells NYP the strait could 'automatically...

Governor Powell By Philip Marey, senior US strategist at Rabobank Summary As widely expected, the FOMC remained on hold. Governor Miran dissented again because he wanted a rate cut. However, there were also three dissenters (Hammack, Kashkari and Logan) who wanted to remove the bias toward cutting from the statement. On balance, Powell said that the center of the Committee was moving toward a more neutral place in thinking about cuts versus hikes. Powell announced that this was his last press conference as Chair, but he would stay on as a Governor until he thinks...

Negotiators Make 'Progress' Toward 2nd Round Of Pakistan Talks, While More US Troops Prepped To Deploy Near Iran Summary The Iran war is "very close to over" with authorities in Tehran eager to agree a peace deal, Trump says, adding: "We've beaten them militarily." Axios cites 'progress' toward framework to end war. AP/Bloomberg reporting the two sides have an "in principle agreement" to pursue further diplomacy; however, this is batted down as 'unconfirmed' by Tehran & a US official. The Pentagon is sending thousands of additional troops into the Middle East in coming...