* Recent inflation data ‘add somewhat to confidence’ for rate cuts: Powell
* Biden set to call for 5% cap on rent increases
* Wall Street expecting approval of ethereum ETFs
* Demand for safety supports gov’t bonds despite deteriorating gov’t finances
* NY Fed manufacturing activity index continues to decline in July:

US stock market rises to record after attempted Trump assassination. Reuters reports: “Brokerages have raised their year-end targets for U.S. stocks benchmark S&P 500, spurred by expectations of a ‘soft landing’ for the economy and growing odds the Federal Reserve will cut interest rates this year.”