economy
CNBC Daily Open: Washington and Tehran both play it cool
September rate-hike chances have fallen, but a hot inflation print or renewed disruption in the Strait of Hormuz could put them back in play.
TL;DR
- U.S. and Iran deny direct negotiations over the Strait of Hormuz, with messages passed through intermediaries.
- Traders have reduced the chance of a September Fed rate hike, but inflation data could change this outlook.
- Netanyahu rejects Trump's Gaza plan, despite Israel's military halting attacks.
- Berkshire Hathaway, under CEO Greg Abel, increased stock buybacks and purchases.
- Meta faces potential liability in India over content moderation policies.
- China's inflation slowed, while a powerful typhoon made landfall.
- An Israeli startup, Irregular, was implicated in AI model security breaches at OpenAI, Anthropic, and Meta.