GOOLSBEE said markets remain stable; inf is well above target and the trend is unfavorable.

The Federal Reserve accepted $3.925 billion from four counterparties in its fixed-rate reverse repo operation.

Iran President Pezeshkian said the effectiveness of U.S.-Iran negotiations depends on full commitment to and concrete implementation of agreed obligations and will be measured by actual compliance; remarks outside the agreement text do not help advance talks. The U.S. and Iran held a first round of talks in Switzerland and agreed to seek a final deal within 60 days. On June 22, after the round, U.S. President Trump at the White House warned he would act if Iran fails to comply.