Fed Vice Chair Michelle Bowman warns that a prolonged energy shock from the Middle East conflict could lead to persistent inflation and potentially shift monetary policy.
US and Iran near peace deal pending Trump's approval. Oil prices and stock markets react to the news of a potential ceasefire extension and nuclear talks.
German unemployment unexpectedly fell in May by 12,000 seasonally adjusted, with the jobless rate at 6.3%. Labour office cites one-off effect, while economists warn of future increases.