Review

• Federal Reserve Chairman Kevin Warsh is conducting a comprehensive review of the central bank's interest rate policy and balance sheet management. • The review specifically focuses on the "ample-reserves" regime and the Fed's current bond holdings to determine if adjustments are necessary. • Warsh noted that a complete return to pre-crisis policies is unlikely, signaling a permanent shift in how the Fed manages its financial tools.

• France and Spain are set to face each other in a high-stakes World Cup semi-final match hosted at AT&T Stadium near Dallas. • The preview analyzes current team form, key players, and tactical predictions to determine who will advance to the final. • The match is a critical juncture in the tournament, pitting two European powerhouses against one another for a spot in the championship game.

• The EEOC has released its draft Strategic Plan for FY2026-2030, which prioritizes internal organizational improvements over new policy changes. • The U.S. Senate is currently preparing to confirm Keith Sonderling as the new Secretary of Labor. • The June 2026 jobs report indicates a cooling labor market, with payroll gains falling significantly below expectations.

• U.S. businesses are increasingly shifting from American AI models to Chinese open-weight alternatives due to rising token costs and financial pressures. • This trend is evidenced by the rapid adoption of Z.ai’s GLM 5.2, which became the fastest-adopted model on its platform in 2026. • Within its first full week of launch, GLM 5.2 saw a 27-fold increase in daily token volume and an 80% growth in its customer base.

• The United States is scheduled to release its June Consumer Price Index (CPI) data this Tuesday, serving as a pivotal macroeconomic event for global markets. • The report follows a notable increase in inflation during May and comes amid volatility in oil prices and geopolitical tensions in the Middle East. • This data is critical because it will influence the Federal Reserve's upcoming policy assessments and potential expectations for interest rate cuts.

• The Democratic Action Party (DAP) in Johor has announced it will conduct a comprehensive review of its losses following the 16th state election. • The party's internal assessment will specifically focus on defeats in key constituencies, including Jementah and Tangkak. • This review is critical for the party to understand the factors leading to its electoral setbacks and to refine its future political strategies.

• UK government officials are considering merging the upcoming autumn Budget with a comprehensive spending review to streamline fiscal planning. • The move aims to establish clear tax and spending priorities for the administration leading up to the next general election. • This strategic alignment is being explored ahead of Andy Burnham’s expected transition into Downing Street later this month.