1. The ceasefire between Israel and Iran appears to be holding, with no reports of major attacks or damage so far. US President Donald Trump announced on Monday that the two countries had agreed to a ceasefire. He wrote on his social media platform that “an official END to THE 12 DAY WAR will be saluted by the world” on Wednesday.
2. US Federal Reserve Chair Jerome Powell has reiterated his cautious stance on rushing to cut interest rates. He cited the need to assess how tariff measures by President Donald Trump’s administration will affect the economy. Powell told a House committee on Tuesday that “increases in tariffs this year are likely to push up prices and weigh on economic activity.”
3. Leaders of NATO member countries have gathered in the Netherlands for a summit meeting to discuss increasing defense spending, among other issues. The leaders, including US President Donald Trump, were Volodymyr Zelenskyy was also present. For NATO this is an opportunity to emphasize solidarity with Ukraine.