News

According to the AXIOS website: US House Speaker Johnson said that the housing bill will be submitted to the White House after meeting with Trump.

The U.S. State Department approved the sale of training services and related equipment for F/A-18F Super Hornet and EA-18G Growler aircraft to Australia for $250 million.

British officials: King Charles will not stay at Buckingham Palace after renovations are completed next year.

Sources: JPMorgan Chase's (JPM.N) board wants Jamie Dimon to remain CEO for several more years. After Dimon steps down as CEO, he will transition to executive chairman.

In the week ending June 19, foreign central banks held US$5.656 billion in US Treasury bonds, compared with the previous value of -US$2.118 billion.

California is seeking a court order to prevent the Environmental Protection Agency from submitting auto emissions rules to Congress, fearing they could be withdrawn.

Market news: I-Pulse Inc., co-founded by Robert Friedland, will receive $250 million in U.S. funding for the development of semiconductor and pulsed power technologies.

The Dow Jones Index closed up 71.72 points, or 0.14%, at 51920.62 points on June 25 (Thursday);The S&P 500 Index closed down 0.33 on June 25 (Thursday) points, down 0.00%, to 7357.89 points;The Nasdaq Composite Index closed down 118.03 points, or 0.46%, to 25358.60 points on June 25 (Thursday).

Fed's Williams: However, inflation data is expected to fall slightly in the next few quarters. First, the impact of tariffs appears to have been largely released; second, the baseline expectation is that supply disruptions related to the Strait of Hormuz "will be resolved relatively quickly." Third, housing-related inflation should continue to slow. Fourth, we see no evidence that the labor market is exacerbating inflationary pressures.

Fed's Williams: Inflation levels are "undoubtedly high and well above" target, reflecting the impact of tariffs, energy prices and demand for artificial intelligence (AI)-related technology products.

Fed Williams: The U.S. economic growth rate is expected to be 2.25% in 2028, and the unemployment rate will drop to 4%.

Fed's Williams: Monetary policy is "in the right place" for the current economy.

Fed's Williams: The Fed will adjust its reserve management purchasing operations as necessary.

Fed's Williams: Inflation is expected to slow to 3.5% this year.

Fed's Williams: Job market showing resilience. The Fed must restore inflation to its 2% target.

Federal Reserve's Williams: Will delay the expected time to achieve the 2% inflation target from 2027 to 2028.

Fed's Williams: Inflationary pressures are expected to ease.

Fed's Williams: Standing repurchase operations are a key tool to curb interest rate pressures.

Fed's Williams: War in the Middle East continues to bring risks and uncertainties.

Fed's Williams: So far, the United States has shown resilience under the economic impact of the war.