U.S. Treasury yields turned lower after Federal Reserve Board Governor Waller spoke, with the 2-year Treasury yield last down 2.1 basis points to 3.582%.

Market news: The Georgia State Election Commission in the United States has passed regulations requiring manual counting of ballots in the US presidential election.

US President Biden: Efforts must continue to achieve a ceasefire in the Gaza Strip.

U.S. President Biden: (Speaking about the possibility of a ceasefire in Gaza) Many things seem unrealistic until they are done.

U.S. short-term interest rate futures rose, reflecting increased market bets that the Federal Reserve will cut interest rates sharply, as Fed Governor Waller warned that inflation may be too low.

The Israel Defense Forces confirmed that senior Lebanese Hezbollah commander Ibrahim Aqil was killed in an airstrike in Beirut.

Market news: Türkiye is expected to start discussing interest rate cuts in November.

U.S. Treasury yields fell and Federal Reserve Board Governor Waller said he might support another 50 basis point rate cut.

Fed Governor Waller: Inflation may reverse again, but I am more confident that inflation is on the right track. We must never let inflation go too low.

Federal Reserve Board Governor Waller: If inflation data reverses, it may support the view of pausing interest rate cuts.

Fed Governor Waller: There are several scenarios that will determine the pace of rate cuts, which will depend on the data. If the data is good, it is conceivable to cut interest rates by 25 basis points at the next meeting or the next two meetings.

Federal Reserve Board Governor Waller: Inflation is falling much faster than expected.

Federal Reserve Board Governor Waller: The core personal consumption expenditure indicator is running below our target.

Federal Reserve Board Governor Waller: Personal consumption expenditures (PCE) are expected to be very low in August.

Federal Reserve Board Governor Waller: Inflation data prompts me to support a 50 basis point rate cut.

Federal Reserve Board Governor Waller: In my speech two weeks ago, I mentioned that a 25 basis point rate cut was a good option, but I was also open to a 50 basis point cut.

Fed Governor Waller: We are in a strong phase of the economy and we want to keep it that way. 50 basis points is the right policy move to achieve this goal.

Argentine President Milley will meet with Elon Musk on Monday.

ECB President Lagarde: Inflation will return to the target level of 2% in the second half of 2025.