Abstract:President Joe Biden arrived in Israel on Wednesday to begin a four-day visit to the Middle East. On Thursday, Biden met with Israeli Prime Minister Yar Rapid and Israeli President Isaac Herzog. Herzog awarded Biden the Presidential Medal of Honor for his support of Israel throughout his career. Biden said it was "one of the greatest honors of my career."
President Joe Biden arrived in Israel on Wednesday to begin a four-day visit to the Middle East. On Thursday, Biden met with Israeli Prime Minister Yar Rapid and Israeli President Isaac Herzog. Herzog awarded Biden the Presidential Medal of Honor for his support of Israel throughout his career. Biden said it was “one of the greatest honors of my career.”
Biden will meet Palestinian Authority President Mahmoud Abbas in the West Bank on Friday. On Saturday, he will be in Saudi Arabia for a summit of Gulf states and to meet King Salman and his advisers, including Crown Prince Mohammed bin Salman. Biden's trip to Saudi Arabia has drawn criticism given that U.S. intelligence believes Crown Prince Mohammed bin Salman was responsible for ordering the murder of dissident journalist Jamal Khashoggi. Biden has defended his travel, saying it is vital to the security of the United States.
Biden and Israeli Prime Minister Yar Rapid on Thursday signed a new joint statement aimed at expanding security ties between the two countries and opposing what they say is Iran's efforts to destabilize the region. Biden said on Thursday that the United States will not allow Iran to acquire nuclear weapons, arguing that diplomacy remains the best way to prevent the country from acquiring nuclear weapons.
“We will deepen our ties in science and innovation and address global challenges through a new strategic high-level technology dialogue,” Biden said in his speech at Ben Gurion Airport. “We will continue to drive Israel's integration into the region. , expanding emerging forums and engagement.” The president added: “Greater peace, greater stability, greater connections. That's critical. If I may add, it's essential for everyone in the region. important.”
Financial data and events to focus on today:
20:30 Canada May Wholesale Sales Month Rate
20:30 U.S. June retail sales monthly rate
20:30 US June import price index monthly rate
20:30 US July New York Fed Manufacturing Index
21:00 Fed Bullard speaks
21:15 The monthly rate of US industrial output in June
22:00 U.S. May business inventory monthly rate
22:00 US July University of Michigan consumer confidence index initial value
The next day at 01:00 The total number of oil rigs in the United States for the week of July 15
The next day at 03:30, the US CFTC released the weekly position report
Data on Thursday showed the U.S. economy unexpectedly shrank in the second quarter, with consumer spending growing at the slowest pace in two years and business spending falling, raising the risk of a recession. The data came a day after the Fed raised interest rates by another 75 basis points in a bid to quell inflation. The Fed's actions, combined with previous actions in March, May and June, have raised the target range for the overnight benchmark rate from near zero to 2.25%-2.50%. It was th
At 2 a.m. Beijing time on Thursday, the Federal Reserve’s FOMC announced its July interest rate decision, raising interest rates by 75 basis points for the second consecutive month, raising the target range of the federal funds rate from 1.50% to 1.75% to 2.25% to 2.50%, in line with the market. expected. Federal Reserve Chairman Jerome Powell hinted that another 75 basis points of interest rate hikes may be possible in September, denying that the U.S. economy is in a recession, while talking ab
On July 27, data showed that the U.S. trade deficit narrowed sharply in June as exports jumped, while orders for non-defense capital goods excluding aircraft, seen as a barometer of business spending plans, rose 0.5% last month, potentially easing the impact on the economy. some concerns. The U.S. dollar index closed down 0.69 percent on Wednesday at 106.48. At 2:00 on July 28, the Federal Reserve raised interest rates by 75 basis points as widely expected, and comments from Fed Chairman Powell
At 02:00 on July 28, Beijing time, the Federal Reserve will announce its interest rate decision and policy statement. Then at 02:30, Fed Chairman Powell held a monetary policy press conference. Markets are pricing in another 75 basis points of rate hikes this time around, taking the federal funds rate to a target range of 2.25% to 2.50%, in line with Fed officials’ long-term estimate of a “neutral” policy setting. Fed Chair Jerome Powell's pledge to fight persistently high inflation and policy g