Trump: Israel & Lebanon will formally begin a 10-day ceasefire at 5 PM EST

Fed's Miran: At this point, I feel that the Fed should be heading to a neutral rate estimated as low as 2.5%. FED GOV MIRAN Q&A: STILL THINK BETTER TO BE FORECAST DEPENDENT RATHER THAN BACKWARD LOOKING DATA DEPENDENT; NOW RATES SHOULD BE AT NEUTRAL, NOT BELOW #Miran #FederalReserve #economy Fed's Miran: Economic growth and the unemployment rate have not been as closely correlated as in the past; causes are uncertain, but could relate to AI. FED GOV MIRAN Q&A: HIGHER ENERGY COSTS ARE A DRAG ON GROWTH AND A RISK; ALSO WILL SEE INVESTMENT IN ENERGY #Miran #FederalReserve #economy

Fed's Miran: At this point might only see three cuts for the rest of the year. Fed's Miran: Even before the war, the underlying composition of inflation was getting more problematic for the Fed. Fed's Miran: Still reasonable to expect core goods price and housing inflation to continue to come down. MIRAN PREDICTS THAT 12-MONTH PCE INFLATION MAY REACH THE 2% TARGET WITHIN A YEAR. MIRAN STATES THERE IS NO SIGN OF A WAGE-PRICE SPIRAL EMERGING AND THAT LONG-TERM EXPECTATIONS REMAIN STABLE.