White House National Economic Council director Hassett said employment data are consistent with strong economic conditions.

From July 1 China’s national elderly-care consumption subsidy is available on JD.com, with the first e-commerce redemption executed in Beijing. The Ministry of Civil Affairs and Ministry of Finance will subsidize services for moderately disabled and more severely disabled elderly across home care, institutional care, respite and day-care; the JD rollout covers home-care services. Eligible seniors on the JD app receive a 50% reduction on purchases of high-frequency in-home services — assisted bathing, domestic help, hospital escort, rehab/physiotherapy and short-term care — with a maximum subsidy of 800 yuan per person per month.

Bank of England Monetary Policy Committee member Mann said monetary policy could have rapid effects.