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Market news: The top general of Ukraine visited the front line in the northern Sumy region, stating that the Ukrainian army has halted Russian advances this week.

Again going against Trump! Under what circumstances will Powell relent?
Powell firmly defends the inflation line, the June CPI report is critical, this situation will block the possibility of a rate cut in July

Trump Plans to Create a 'Shadow Federal Reserve Chairman'
On June 26, according to the Wall Street Journal, Trump is increasingly dissatisfied with the Federal Reserve's inaction on interest rate cuts, prompting him to consider announcing the next Federal Reserve Chairman candidate ahead of schedule. Currently, the term of the incumbent Chairman Powell has 11 months remaining. According to informed sources, in recent weeks, Trump has been contemplating whether to select and announce Powell's successor this September or October. Trump's dissatisfaction with Powell may even prompt him to make this decision earlier this summer. Potential candidates Trump is considering include former Federal Reserve Governor Kevin Warsh and National Economic Council Director Hassett. Additionally, Treasury Secretary Mnuchin has also been recommended as a potential candidate by the supporters of both individuals. Other possible nominees include former World Bank President Malpass and current Federal Reserve Governor Waller. Since the new Federal Reserve Chairman will not officially take office until next May, announcing a candidate this summer or fall would be several months earlier than the usual three to four month transition period. This early announcement strategy could allow the nominee to influence market expectations regarding future interest rate paths in advance.

Believing that intelligence has been leaked, the Trump administration will restrict sharing classified information with Congress
On June 26, the Trump administration will limit the sharing of classified information with Congress. A senior White House official, who spoke on condition of anonymity, stated that the U.S. government believes that an early assessment report by the Defense Intelligence Agency regarding an attack on Iran was leaked after being posted to CAPNET (a system used for sharing classified intelligence with Congress) on the evening of the 23rd. As CNN and The New York Times reported the assessment's contents on the afternoon of the 24th, the White House will therefore reduce the shared content in that system. The FBI is investigating this leak incident.

Nigerian Army Engages Armed Bandits in Gunfight, Killing Dozens of Attackers
On June 26, it was reported that on June 25, Colonel Anel, the acting director of public relations for the Nigerian Army, confirmed that on the 24th, a joint operation by the Nigerian Army and Air Force successfully thwarted an armed bandit attempt to invade the Bangi community in the Mariga Local Government Area of Niger State. The Nigerian troops engaged approximately 300 armed bandits in nearly 3 hours of gunfire, resulting in dozens of attackers being killed, while 17 soldiers lost their lives in this battle, and another 10 were injured to varying degrees. The injured have been sent to military medical facilities for treatment, and their conditions are currently stable.

The Federal Reserve Plans to Ease Leverage Requirements for Large Banks
On June 26, the Federal Reserve disclosed plans to relax key banking capital regulations. The documents indicate that the Federal Reserve proposed reforms to ease the enhanced supplementary leverage ratio requirements for large banks. Federal Reserve Chairman Powell stated that, given the significant increase in the size of relatively safe assets on bank balance sheets, reconsidering the relevant rules is a prudent move. The statement showed that Federal Reserve Governors Barr and Kugar opposed the proposed reforms. However, Federal Reserve Governor Bowman stated that the adjustments would enhance the resilience of the U.S. Treasury market and reduce market distortions.

The Federal Reserve proposed reforms to ease the enhanced supplementary leverage ratio requirements for large banks.

NVIDIA (NVDA.O) rises over 4%, reaching an intraday all-time high.

NATO Secretary General Stoltenberg: The entire NATO, including the United States, is fully committed to ensuring Ukraine continues to fight.

1. Arriving in the Netherlands to attend the NATO summit, saying that NATO's collective defense clause 'has many definitions' — Trump arrived in the Netherlands on Tuesday local time, planning to participate in the plenary session of the NATO summit. Trump previously told reporters on Air Force One that NATO's Article 5 (the collective defense clause) has many definitions, a statement that raised concerns among NATO allies.
2. Refuting reports about strikes on Iranian nuclear facilities — According to CNN and The New York Times on Tuesday, initial U.S. intelligence assessments indicate that last week's military strikes on three Iranian nuclear facilities may only delay Iran's nuclear program by a few months. Trump dismissed the report, stating that it 'attempts to belittle' the strikes.
3. Claims that if Iran resumes its nuclear program, the U.S. will strike again — Trump stated at the NATO summit in The Hague, 'Iran's nuclear program has regressed by decades.' When asked if the U.S. would launch another strike if Iran rebuilds its nuclear enrichment program, Trump replied, 'Absolutely.'
4. Urging Congress to pass the 'Beautiful Bill' — Trump intensified his pressure on Congress on Tuesday, demanding that lawmakers not take a vacation until his so-called 'Beautiful Bill' is passed.
5. Receiving praise from the Prime Minister and NATO Secretary General — Before arriving in The Hague on the 24th, Trump publicly shared a message from NATO Secretary General Stoltenberg on Truth Social, which was highly flattering: 'Dear President, congratulations and thank you for your decisive actions on Iran, truly extraordinary, something no one dared to do. Tonight you will achieve another great success in The Hague. Although the process has not been easy, we have gotten everyone to agree (to increase defense spending) to 5%!'. Prior to this, Israeli Prime Minister Netanyahu also stated that Trump is the best friend in Israel's history.
6. U.S. Senate Republicans plan to begin voting on tax legislation on Friday — According to the AXIOS website, U.S. Senate Majority Leader McConnell stated on Tuesday that he expects voting on Trump's 'Beautiful Bill' to begin on Friday.

Russian Ministry of Defense: The Russian Army has taken control of the eastern Ukrainian city of Yalta (YALTA).

Israeli army attacks Gaza aid distribution center, resulting in 56 deaths
On June 25, according to the Palestinian newspaper "Al-Quds," on the local date of June 24, the Israeli military once again attacked Palestinian civilians waiting to receive aid at a distribution center in the Gaza Strip, causing at least 56 deaths. The Israeli military has not yet responded to this.

Federal Reserve's Schmidt: The resilience of the economy means the Federal Reserve has time to observe the situation before deciding whether to cut interest rates.

Fed's Williams: The dollar is the global reserve currency.

The Federal Reserve accepted a total of $187.367 billion from 39 counterparties in the fixed-rate reverse repurchase operation.

The whereabouts of Iran's enriched uranium remains a mystery! Trump's deputy claims the nuclear threat still exists
Pence asserts that Iran's enriched uranium reserves are intact and still under its control, which contradicts the White House's statements.

Trump again calls on Powell: Should cut interest rates by at least 2 to 3 percentage points
On June 24, US President Trump posted on his social media platform "Truth Social" that "It's too late, sir" Federal Reserve Chairman Jerome Powell will explain in Congress today why he refused to cut interest rates. Europe has cut rates 10 times, while we have done it zero times. There is no inflation, the economy is booming - we should cut by at least 2 to 3 percentage points. It will save the US $800 billion each year.

Israeli airport authorities: Israel has reopened its airspace to incoming flights after closing it due to Iranian missile attacks.

Israeli emergency services: The death toll in Be'er Sheva from the Iranian attack has risen to 7.

The ceasefire time announced by Trump has arrived, and there is no official announcement from Israel and Iran
On June 24, at midnight Eastern Time, which is noon Beijing Time, US President Trump announced that the ceasefire time between Israel and Iran has arrived. However, there has been no official announcement from either side. Just after Trump stated that Israel and Iran would ceasefire in phases, Iran launched multiple rounds of missiles towards Israel, with some missiles hitting a building in Be'er Sheva, southern Israel, resulting in at least 3 deaths and multiple injuries.

Israel Defense Forces: Confirmed that missiles were recently launched from Iran towards Israeli territory, and defense systems are working hard to intercept the threat. Upon receiving the alert, the public must enter the protected area and remain there until further notice. They can only leave the protected area upon receiving clear instructions.

According to Reuters: The Israeli military stated that Iran has launched a fourth wave of missiles at Israel.

Israel Defense Forces: Due to Iran launching another missile, Israelis have gone to shelters for the third time in the past hour.

According to Israeli media: An Iranian missile attack on the southern city of Beersheba has resulted in three deaths.