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(NEW YORK) — Consumer sentiment ticked higher in July, marking two consecutive months of improved shopper attitudes as businesses navigated President Donald Trump’s latest tariff threats targeting dozens of countries. The fresh reading matched economists’ expectations.

The recent resurgence of consumer sentiment followed six straight months of worsening attitudes, according to University of Michigan survey data released Friday. Before the swell of optimism, consumer sentiment had fallen to near its lowest level since a bout of inflation three years ago.

Despite the new data, the measure of consumer sentiment remains 16% lower than where it stood in December, before Trump took office.

Year-ahead inflation expectations dropped for a second consecutive month, declining from 5.0% in June to 4.4% this month, the survey data showed. The anticipated inflation level would still mark a major increase from the current year-over-year inflation of 2.7%.

The new report on consumer sentiment came a day after the release of retail sales data that showed unexpectedly strong performance in June. Robust shopper appetites last month suggested that the uncertainty surrounding Trump’s tariffs hadn’t prompted households to stash extra income.

Consumer spending, which accounts for about two-thirds of U.S. economic activity, is a key bellwether for the outlook of the nation’s economy.

So far, key measures of the economy have largely defied fears of a tariff-induced downturn. The unemployment rate stands near a historically low level and job growth remains robust, though it has slowed from previous highs. Inflation has climbed over the last two months but it remains below where it stood when Trump took office.

Some analysts expect price increases to accelerate over the coming months as tariffs take hold, though many have acknowledged that the path forward remains unclear amid Trump’s fluctuating policies.

Typically, importers pass along a share of the tariff-related tax burden in the form of higher costs for shoppers. A host of major retailers, including Walmart and Best Buy, have warned of potential price hikes as a result of Trump’s levies.

Trump has rolled back many of his steepest tariffs over recent months, including a sky-high levy on China, the top source of U.S. imports. In recent days, however, Trump announced plans to slap tariffs as high as 50% on dozens of countries, including 25% tariffs on top U.S. trade partners such as Japan and South Korea.

The fresh levies are set to take effect on Aug. 1. In addition, a proposed 50% tariff on copper imports could intensify the impact of the country-specific levies.

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(WASHINGTON) — Private spaceflight is transforming from joy rides for billionaires into a gateway for nations to establish their space presence, one expert says, as the latest Axiom Space mission returned to Earth on Tuesday.

The mission marked a historic moment for India, Poland and Hungary, who sent astronauts to the International Space Station (ISS) for the first time in decades. Rather than waiting for traditional space programs, these nations booked private flights through Axiom Space, which aims to build the world’s first commercial space station, and SpaceX, which provided the spacecraft the astronauts traveled on.

“This is huge,” said ABC News contributor and astrophysicist Hakeem Oluseyi. “These nations didn’t go through NASA or wait for Russia. They booked the private flight and brought their own experiments. That is a global power flex.”

The mission serves as more than just a demonstration of private space capabilities, Oluseyi said. With NASA planning to decommission the ISS by the end of 2030, Axiom Space, headquartered in Houston, is positioning itself to become “the new landlord of low Earth orbit,” according to Oluseyi. The company has already secured agreements with multiple countries for its own planned space station.

However, the increasing privatization of space access raises questions about America’s future role in space exploration. While another private company, SpaceX, currently provides the only means for launching astronauts from U.S. soil, Oluseyi emphasized the importance of maintaining both public and private investment in space.

“We perform best when there is a combination of both public and private investment,” Oluseyi said, noting current federal budget pullbacks in space and science funding. “Strategically, America needs both public and private to maintain leadership… This is a time not to pull back, but to invest ever more aggressively.”

As space becomes more accessible to new participants, Oluseyi said continued investment and innovation are crucial for maintaining U.S. leadership in space exploration — even as private spaceflight takes off.

“You can’t stop that cat out of the bag, but you can maintain leadership, you can be the one to innovate and take us to the next level,” he said.

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(NEW YORK) — Stocks were mixed in early trading on Monday after President Donald Trump over the weekend issued 30% tariffs on the European Union and Mexico, rekindling tensions with two of the largest U.S. trade partners and threatening to raise consumer prices.

The Dow Jones Industrial Average dropped 115 points, or 0.26%, while the S&P 500 dropped 0.15%. The tech-heavy Nasdaq ticked up 0.04%.

Trump on Saturday announced new tariffs on the European Union and Mexico that will take effect on Aug. 1. That start date matches the onset of levies issued for more than 20 other countries in recent days, including top trade partners Canada, Japan and South Korea.

In a letter posted on his social media platform, Trump faulted Mexico for its alleged failure to stop the transport of fentanyl into the U.S. Between September and April, nearly all fentanyl seized by the U.S. came through the southern border with Mexico, according to U.S. Customs and Border Patrol, or CBP.

In response to a previous set of tariffs issued in February, Mexico vowed to take steps to address the transport of fentanyl, prompting Trump to temporarily pause the levies.

In a statement posted on X, Mexican economic minister Marcelo Ebrard said Mexico had already been negotiating with the U.S. to “protect businesses and jobs.”

“We were informed that, as part of the profound changes in U.S. trade policy, all countries will receive a letter signed by the President of the United States establishing new tariffs starting August 1st,” Ebrard said. “We stated at the meeting that this was an unfair deal and that we did not agree with it.”

Trump sharply criticized the EU in a separate letter posted on social media, claiming the the U.S. runs an unacceptably high trade deficit with the EU. In a statement released on Saturday afternoon, European Commission President Ursula von der Leyen said the EU remains committed to “dialogue, stability, and a constructive transatlantic partnership.”

ABC News’ Kelsey Walsh and Patricio Chile contributed to this report.

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(WASHINGTON) — President Donald Trump has posted two letters on his social media platform announcing new tariffs on the European Union and Mexico that will take effect on Aug. 1.

Trump will impose a 30% tariff on Mexico due to fentanyl crossing the border, he said in a letter to Mexican President Claudia Sheinbaum.

“Mexico has been helping me secure the border, BUT what Mexico has done is not enough. Mexico still has not stopped the Cartels who are trying to turn all of North America in a Narco-Trafficking Playground,” Trump wrote in the letter.

Mexico did not face a new tariff on April 2, the day of Trump’s so-called “Liberation Day” tariff rollout. There remains a 25% tariff on non-USMCA-compliant goods from Canada and Mexico, as well as a 50% tariff on steel, aluminum and derivative products.

The United States mainly imports vehicles, machinery and electrical equipment, alongside agricultural products such as fruits, vegetables, beer and spirits from Mexico.

Trump said the EU will also face a 30% tariff as a result of the United States trade deficit, in a letter addressed to European Commission President Ursula von der Leyen.

The EU, one of the largest trading blocs with the U.S., primarily exports pharmaceutical products and mechanical appliances to the U.S.

According to the Office of the U.S. Trade Representative, the U.S. goods trade deficit with the European Union was $235.6 billion in 2024, a 12.9 % increase over 2023.

Trump has long touted productive conversations that left him “extremely satisfied” regarding a trade deal with the EU; however, at one point, he once threatened tariffs as high as 50%.

In his letters, Trump again promised that there would be no tariffs on manufacturing companies that decide to build in the U.S.

The European Commission president responded Saturday saying the 30% tariff “would hurt businesses, consumers and patients on both side of the Atlantic.”

“We will continue working towards an agreement by August 1,” von der Leyen said. “At the same time, we are ready to safeguard EU interests on the basis of proportionate countermeasures.”

In a statement posted on X, Mexican economic minister Marcelo Ebrard said Mexico had already been negotiating with the U.S. to “protect businesses and jobs.”

“We were informed that, as part of the profound changes in U.S. trade policy, all countries will receive a letter signed by the President of the United States establishing new tariffs starting August 1st,” Ebrard said. “We stated at the meeting that this was an unfair deal and that we did not agree with it.”

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(WASHINGTON) — President Donald Trump ratcheted up tariffs on Canada late Thursday, stoking tensions with a top U.S. trade partner as the two sides try to hash out a trade agreement by the end of the month.

The Dow Jones Industrial Average tumbled 250 points, or 0.5%, in early trading on Friday, erasing some of the index’s gains in recent weeks as it approached a record high. The S&P 500 dipped 0.4%, while the tech-heavy Nasdaq fell 0.2%.

Canadian Prime Minister Mark Carney struck a forceful but measured tone in a response late Thursday night, saying on X that Canada would continue trade negotiations while defending its national interests.

Here’s what to know about new U.S. tariffs on Canada, and what they mean for fraught economic relations between the two allies:

When will Trump’s new tariffs on Canada take effect?

The fresh round of 35% tariffs on Canadian goods will take effect on Aug. 1, which matches the start date of levies issued for more than 20 other countries in recent days.

Aug. 1 also marks the deadline for ongoing trade negotiations between the U.S. and Canada.

Canada already faces 25% tariffs on exports to the U.S., though those levies exclude a host of goods compliant with the United States-Mexico-Canada Agreement, or USMCA, a free trade agreement.

Trump threatened to escalate tariffs beyond 35% if Canada opts to retaliate with tariffs on U.S. goods.

Canadian goods are also subject to sector-specific tariffs, such as 50% levies on steel and aluminum as well as 25% tariffs on non-USMCA compliant autos and auto parts.

Why did Trump propose new tariffs on Canada?

Trump offered up two reasons for the fresh round of tariffs, which align with grievances voiced by Trump in previous trade announcements targeting Canada.

First, Trump faulted Canada for its alleged failure to stop the transport of fentanyl into the U.S.

“As you will recall, the United States imposed tariffs on Canada to deal with our Nation’s Fentanyl crisis, which is caused, in part, by Canada’s failure to stop the drugs from pouring into our Country,” Trump wrote in a letter to Carney, which was posted on social media late Thursday.

Between September and April, nearly all fentanyl seized by the U.S. came through the southern border with Mexico, according to U.S. Customs and Border Patrol, or CBP. Less than 1% of fentanyl was seized at the northern border with Canada, CBP found.

Next, Trump sharply criticized tariffs and other trade barriers erected by Canada that put U.S. businesses at a disadvantage when seeking to reach Canadian shoppers. Those barriers, Trump said in the letter, have brought about a U.S. trade deficit with Canada.

Last year, the U.S. ran a trade deficit with Canada of $63 billion, which marked a slight decrease from the previous year, according to the Office of the U.S. Trade Representative. By comparison, the U.S. ran a larger trade deficit last year with its other top trading partners: A $295 billion deficit with China and a $171 billion deficit with Mexico.

How did Canada respond to Trump’s new tariffs?

Carney posted a 114-word response on X late Thursday that appeared to avert further escalation of trade tensions while striking a firm posture in defense of Canada’s economic interests.

“Throughout the current trade negotiations with the United States, the Canadian government has steadfastly defended our workers and businesses,” Carney said. “We will continue to do so as we work towards the revised deadline of August 1.”

Carney responded directly to Trump’s allegations about Canada’s failure to address fentanyl, saying Canada had “made vital progress to stop the scourge of fentanyl in North America.”

“We are committed to continuing to work with the United States to save lives and protect communities in both our countries,” Carney added.

The tit-for-tat public proclamations from Trump and Carney follow a hiccup in trade negotiations late last month, when Trump suspended talks over Canada’s plans for a Digital Service Tax, which would have imposed a 3% levy on U.S. technology companies. Talks resumed days later after Canada abandoned plans for the tax.

Canada previously retaliated against tariffs with levies on U.S. goods, slapping tariffs on $20.7 billion of goods in March as well as 25% tariffs on non-USMCA compliant autos in April. As of early Friday, Canada had not announced another round of retaliatory tariffs in response to the latest levies.

In his social media post on Thursday, Carney noted that Canada has sought trade agreements with other countries in an effort to bolster its economy.

“We are building Canada strong,” Carney said.

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(NEW YORK) — Linda Yaccarino said she is stepping down from her role as CEO of X, the social media platform owned by Elon Musk.

Yaccarino, who previously served as an advertising executive at NBCUniversal, took the helm of X two years ago.

In post on X announcing her departure, Yaccarino thanked Musk for the opportunity.

“When [Musk] and I first spoke of his vision for X, I knew it would be the opportunity of a lifetime to carry out the extraordinary mission of this company. I’m immensely grateful to him for entrusting me with the responsibility of protecting free speech, turning the company around, and transforming X into the Everything App,” Yaccarino said.

Musk, the wealthiest person in the world, who runs Tesla and Space X, named Yaccarino as CEO in May 2023, just months after Musk acquired X in a $44 billion deal.

At the time, Musk transitioned to a role as the company’s executive chairman and chief technology officer, but he appeared to continue closely tracking activities on the platform, where he boasts 222 million followers.

At the outset of her tenure, Yaccarino faced an advertiser boycott against X over concerns about hate speech and other content on the platform.

In July 2023, Musk said advertising revenue had plummeted 50% since he’d acquired X less than a year earlier.

In a post on Wednesday, Yaccarino described challenges navigated during the early part of her time atop the company.

“We started with the critical early work necessary to prioritize the safety of our users—especially children, and to restore advertiser confidence,” Yaccarino said. “This team has worked relentlessly from groundbreaking innovations like Community Notes, and, soon, X Money to bringing the most iconic voices and content to the platform.”

Before her role at X, Yaccarino oversaw an international team of about 2,000 employees, according to the NBCUniversal website.

Yaccarino worked at NBCUniversal for nearly 12 years, rising through the executive ranks to become chairman of global advertising and partnerships in 2020.

Before NBCUniversal, Yaccarino served as an advertising executive at Turner Broadcasting Company for almost 20 years.

When Yaccarino joined X, the move came months after Musk pledged to step down as the head of the company as soon as he found someone “foolish enough to take the job.”

Yaccarino, who often posts on X multiple times per day, said on Wednesday that she plans to continue using the platform.

“I’ll be cheering you all on as you continue to change the world,” Yaccarino said, addressing her former colleagues. “As always, I’ll see you on 𝕏.”

This is a developing story. Please check back for updates.

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(WASHINGTON) — Stocks closed down significantly on Monday after President Donald Trump announced steep tariffs on seven countries and threatened to impose new levies on others.

The Dow Jones Industrial Average closed down 422 points, or 0.9%, while the S&P 500 dropped 0.7%. The tech-heavy Nasdaq declined 0.9%.

Tesla, the electric-vehicle company led by tech billionaire Elon Musk, fell 6% after the CEO reignited a feud with Trump by announcing plans to launch a political party.

The selloff interrupted a weekslong market surge propelled in part by strong economic data and expectations of interest rate cuts at the Federal Reserve.

On Monday morning, Trump unveiled 25% tariffs on South Korea and Japan that would take effect at the beginning of August. Within hours, Trump announced fresh tariffs on five additional countries, including South Africa and Malaysia.

Trump plans to sign an executive order on Monday setting Aug. 1 as the new start date for so-called “reciprocal tariffs,” White House Press Secretary Karoline Leavitt told reporters. Those levies had targeted dozens of countries with a range of tariffs as high as 50%.

Trump delayed the country-specific tariffs in April, vowing to strike roughly 90 trade deals in 90 days. That pause had been set to expire on Wednesday.

So far, the White House says it has reached trade agreements with only the United Kingdom and Vietnam, as well as a preliminary accord with China.

On Monday, Trump also threatened to place an additional 10% tariff on countries that align with BRICS nations, suggesting he had not backed off his commitment to use levies as a diplomatic policy tool.

BRICS nations, which recently voiced “serious concerns” about unilateral tariffs, are made up of founding members Brazil, Russia, India and China, among a few others.

Key measures of the economy have proven resilient in recent months, defying fears of resurgent inflation and a possible economic downturn. The stock market has also surged, hitting fresh record highs and eliciting cautious optimism from some Wall Street analysts.

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(WASHINGTON) — President Donald Trump on Monday will sign an executive order delaying steep levies on dozens of countries that were set to take effect on Wednesday, the White House said.

Trump’s so-called reciprocal tariffs will now take effect on Aug. 1, White House press secretary Karoline Leavitt told reporters.

Minutes earlier, Trump announced 25% tariffs on South Korea and Japan that would take effect at the start of August. Twelve additional countries would receive notifications Monday about new tariffs, Leavitt said.

Trump delayed the “reciprocal tariffs” in April, vowing to strike roughly 90 trade deals in 90 days. So far, the White House says it has reached trade agreements with only the United Kingdom and Vietnam, as well as a preliminary accord with China.

“The president and his trade team want to cut the best deals for the American people and the American worker,” Leavitt said.

The return of the policy would dramatically hike tariffs on dozens of trade partners. Examples include a 49% tariff on Cambodia and a 37% tariff on Bangladesh.

Here’s what to know about Trump’s tariff deadline and what it means for you:

What was Trump’s July 9 tariff deadline?

The deadline on Wednesday traced back to the Rose Garden “Liberation Day” tariff announcement on April 2, when Trump imposed country-specific levies on most U.S. trading partners as part of a wider policy rollout.

The major stock indexes lost about $3.1 trillion in value the next day, suffering their biggest one-day decline since the onset of the COVID-19 pandemic. Days later, Trump imposed a 90-day suspension of the country-specific tariffs, sending the market to one of its largest ever single-day increases.

Since then, the stock market has climbed to a record high and key measures of economic performance have proven resilient.

On Wednesday, the 90-day suspension was set to expire. The vast majority of nations targeted by the tariffs had yet to strike a trade agreement with the U.S., meaning the deadline could have brought back the slate of tariffs that had triggered the April stock selloff.

Is the Trump administration pushing back its tariff deadline?

The White House on Monday said it plans to push back the July 9 deadline.

The announcement came after U.S. Treasury Secretary Scott Bessent on Sunday said the Trump administration planned to send letters to about 100 countries, warning that high tariffs could return at the start of next month.

The letters, Bessent told CNN, will tell target countries “if you don’t move things along, then on August 1st, you will boomerang back to your April 2nd tariff level.”

Trump appeared to echo the plans in a social media post on Sunday, saying the White House would soon send out “UNITED STATES TARIFF Letters.”

In a separate social media post on Monday, Trump threatened to place an additional 10% tariff on countries that align with BRICS nations, suggesting he had not backed off his commitment to levies.

BRICS nations, which recently voiced “serious concerns” about unilateral tariffs, are made up of founding members Brazil, Russia, India and China, among a few others.

Where do Trump’s tariffs stand now?

In recent weeks, Trump has dialed back some of his steepest tariffs. Another batch of tariffs remains in legal limbo following a pair of federal court rulings in May, though the levies remain in place for now.

A trade agreement last month between the U.S. and China slashed tit-for-tat tariffs between the world’s two largest economies.

Still, an across-the-board 10% tariff applies to nearly all imports, except for semiconductors, pharmaceuticals and some other items.

Goods from Mexico and Canada face tariffs of 25%, though the measure excludes products covered under the United States-Mexico-Canada Agreement, or USMCA. In May, Trump vowed to double steel and aluminum tariffs. Tariffs still apply to autos and car parts.

Jim Reid, a research strategist at Deutsche Bank, said in a memo to clients on Monday that the firm’s economists estimate a current effective tariff rate of 15%.

The level of tariffs has fallen “a good deal below the implied rate from Liberation Day,” but it remains “well above the low single figures before Trump returned to office,” Reid added.

Citing the pullback of other tariffs, Reid voiced skepticism about sturdiness of the Aug. 1 deadline.

Aug. 1, Reid said, “might be the new July 9.”

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(NEW YORK) — Gas prices are hovering near their lowest summer level in four years as millions of people ready themselves to hit the roads over the Fourth of July holiday weekend.

The national average for a gallon of gas on Thursday stood at $3.16, which amounts to a nearly 10% decline from a year ago, AAA data showed. Gas prices dropped in recent weeks as crude oil erased a spike set off by the outbreak of war in the Middle East.

Twenty states boast average gas prices below $3, spanning from New Mexico to Missouri to South Carolina. Mississippi, the state with the nation’s lowest gas prices, offers drivers an average gallon for $2.71.

More than 61 million people are expected to travel by car over the July 4 holiday, AAA forecasted.

“The lower gasoline prices provide welcome relief for travelers,” Timothy Fitzgerald, a professor of business economics at the University of Tennessee who studies the petroleum industry, told ABC News.

Cheap crude oil is the main driver of low gas prices, analysts told ABC News.

The U.S. West Texas Intermediate futures price — a key measure of U.S. oil prices – has plummeted more than 17% since a recent peak in January.

Oil prices have dropped as forecasters predicted a slowdown in global economic growth, which would slash demand for oil.

Meanwhile, the alliance of oil-producing countries known as OPEC+ has increased output in recent months, boosting supply. The extra oil on the market has helped accommodate an annual surge in demand that takes hold over the summer traveling season, Aixa Diaz, a spokesperson for AAA, told ABC News.

“Most of what we pay at the pump is in direct correlation to the price of crude oil,” Diaz said.

Crude oil prices surged as war broke out in the Middle East last month, but prices have returned to where they stood before the recent conflict between Israel and Iran.

“The resolution in the Middle East does help,” Patrick de Haan, the head of petroleum analysis at GasBuddy, told ABC News.

President Donald Trump has touted the low gas prices on numerous occasions since he took office.

“We have everything down at levels that nobody ever thought possible,” Trump said in a social media post in April.

Speaking at an event in Ochopee, Florida, on Monday, Trump claimed gas prices had fallen below $2 per gallon in five states.

GasBuddy, which tracks prices at thousands of gas stations nationwide, found zero locations offering gasoline below $2 per gallon, de Haan said in a post Monday on X. That remained true as of Thursday, de Haan told ABC News.

Trump could be referring to wholesale gas prices but such price levels hold little relevance since they are not paid by consumers, de Haan said.

“This does not pass the sniff test,” de Haan added.

Gas prices will likely remain at current levels over the remainder of the summer — and they may even drop lower, some analysts said. Gas supply typically increases over the course of the summer, alleviating price pressures, they added.

Still, prices could rise in the event of a geopolitical conflict, disruptive hurricane season or major oil refinery outages, de Haan said, adding the national average price for a gallon of gas could drop below $3 by September.

“It could happen if we don’t see any of those caveats,” de Haan said. “If it’s a normal year.”

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(NEW YORK) — Hiring surged in June as businesses navigated uncertainty surrounding President Donald Trump’s tariffs, federal government data on Thursday showed. The reading exceeded economists’ expectations.

The U.S. added 147,000 jobs in June, according to data from the U.S. Bureau of Labor Statistics. That figure showed a slight increase from 139,000 jobs added in the previous month. The unemployment rate ticked down to 4.1%, putting it at near-historic lows.

Key measures of the economy have proven resilient in recent months, defying fears of resurgent inflation and a possible economic downturn. Hiring has kept up a solid pace, humming along with less disruption than some economists anticipated.

Federal government employment declined by 7,000 jobs in June, bringing total losses in the federal government to 69,000 since January, when Trump established the Department of Government Efficiency, or DOGE. The Elon Musk-led organization has sought to slash federal spending, in part by eliminating some federal jobs.

Employment showed little change in the manufacturing sector, which Trump has sought to boost with levies on foreign goods.

The fresh data arrived less than a week before a deadline established by the Trump administration for the completion of dozens of trade deals with countries facing the threat of so-called “reciprocal tariffs.”

So far, the White House says it has reached trade agreements with the United Kingdom and Vietnam, as well as a preliminary accord with China.

In recent weeks, Trump has dialed back some of his steepest tariffs. Another batch of tariffs remains in legal limbo following a pair of federal court rulings in May, though the levies remain in place for now.

Prices accelerated slightly in May, the most recent month for which such data is available, but inflation remains near its lowest level since 2021.

Warning signs point to the possibility of elevated prices over the coming months, however. Nationwide retailers like Walmart and Best Buy have voiced alarm about the possibility that they may raise prices as a result of the levies.

The Fed held its benchmark interest rate steady last month, continuing a wait-and-see approach adopted by the central bank in recent months as it observes potential effects of Trump’s tariff policy. Four meetings and six months have elapsed since the Fed last adjusted interest rates.

The Fed is guided by a dual mandate to keep inflation under control and maximize employment. In theory, a lowering of interest rates could help stimulate economic activity and boost employment, especially while inflation remains low.

Powell, in recent months, has warned about the possibility that tariffs may cause what economists call “stagflation,” which is when inflation rises and the economy slows.

Stagflation could put the central bank in a difficult position. If the Fed raises interest rates as a means of protecting against tariff-induced inflation under such a scenario, it risks stifling borrowing and slowing the economy further.

On the other hand, if the Fed lowers rates to stimulate the economy in the face of a potential slowdown, it threatens to boost spending and worsen inflation.

On Tuesday, Powell appeared to signal an openness to cutting interest rates as early as this month.

When asked about a possible interest rate cut at the Fed’s upcoming meeting, Powell said, “I wouldn’t take any meeting off the table or put any on the table. It depends on how the data evolves.”

Powell affirmed that a majority of members of the Fed’s policy-making board support additional interest cuts this year. The central bank will hold four rate-setting meetings over the remainder of 2025, and the first will happen on July 29 and 30.

“A majority of us do feel it will be appropriate in the remaining four settings of the year to begin reducing rates again,” Powell told the audience at the European Central Bank forum in Sintra, Portugal.

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