Executive summary:
- At 16:00 ET 21:00 BST, President Donald Trump will hold a swearing-in ceremony for his ambassador to the EU. As with all Oval Office events, Trump is likely to deliver remarks to the press on a range of topics.
- The dust has settled on Monday’s White House summit without substantive details on the contours of a peace deal. The two most intractable obstacles – territorial concessions and security guarantees for Ukraine - remain without an obvious solution.
- Secretary of State Marco Rubio will lead negotiations with European and Ukrainian counterparts on a detailed proposal on security guarantees. Joint Chiefs Chair Dan Caine will host military counterparts from Europe today to begin discussions on security guarantees. The 32 NATO defence chiefs will also meet virtually.
- Companies are signalling price rises to guard against the cost of tariffs. Treasury Secretary Bessent said the US is satisfied with the tariff status quo with China.
- Trump renewed his criticism of Fed Chair Powell ahead of the Jackson Hole symposium.
- The White House intends to fast-track Stephen Miran to the Fed board in time for the Fed's September meeting.
- Republicans could suffer political pain from rising electricity prices.
- The Treasury Department hopes that stablecoins will shore up demand for government debt.
- The Israeli government is reviewing a Gaza ceasefire deal.
- Poll of the Day: Approval of Trump's handling of the economy is worse than at any point during his first term.
Please find the full article attached below: US DAILY BRIEF