- Fed Chair Powell said on Friday at the Kansas City Fed's annual economic symposium in Jackson Hole, "The time has come for policy to adjust.”
- The July FOMC Minutes released last week indicated a “vast majority” of Fed officials believe a September cut will be appropriate so long as there are no data surprises.
- Philadelphia Fed President Patrick Harker said that he supports two or three interest rate cuts in 2024, barring any substantial changes to US economic data.
- Chicago Fed President Austan Goolsbee stated that monetary policy is currently at its most restrictive level, and the Fed’s focus is now shifting towards achieving its employment mandate.
- Hezbollah launched hundreds of rockets and drones at Israel early on Sunday, as Israel's military said it carried out a wave of pre-emptive strikes across southern Lebanon to thwart a large-scale rocket and drone attack by Hezbollah, per Reuters
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