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Washington Signals Swift Timeline for Iran Operation

US official said that achievable objectives of Operation Epic Fury are expected to last about six weeks. The White House says it expects U.S. military objectives in Iran to be achieved within four to six weeks , emphasizing that Operation Epic Fury is progressing as planned. According to Press Secretary Karoline Leavitt, the campaign has already weakened Iran’s naval capabilities and sharply reduced missile attacks, putting the U.S. “well on its way” toward its strategic goals.  The operation, now in its second week, focuses on dismantling Iran’s ballistic missile infrastructure, degrading its navy, and limiting its pathway to nuclear weapons. Officials maintain that U.S. stockpiles and resources are sufficient to sustain the mission through its projected timeline.  As regional tensions escalate, Washington continues to frame the operation as both achievable and time‑bound, reinforcing its confidence in meeting objectives by early April.
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Inflation Falls in June for First Time Since 2020

A closely-watched report on US inflation revealed that consumer price increases cooled further during the month of June. According to the latest data from the Bureau of Labor Statistics, the Consumer Price Index (CPI) declined by 0.1% over the previous month and increased just 3.0% over the prior year in June. This marks a deceleration from May’s flat month-over-month increase and the 3.3% annual gain in prices. Notably, it’s the first time since May 2020 that monthly headline CPI came in below 0%.

On a “core” basis, which excludes the more volatile costs of food and gas, prices in June climbed 0.1% over the prior month and 3.3% over last year—cooler than May’s data. Economists had expected a 0.2% monthly uptick in core prices and a 3.4% year-over-year increase.

The markets responded to this report, with the 10-year Treasury yield falling about 9 basis points to trade around 4.2%. While inflation has remained stubbornly above the Federal Reserve’s 2% target on an annual basis, recent economic data suggests that the central bank may consider cutting rates sooner than later. Markets are now pricing in a roughly 87% chance that the Federal Reserve will begin rate cuts at its September meeting.

This data adds to other rate cut signals across the labor market and economy. The labor market added 206,000 nonfarm payroll jobs last month, ahead of economists’ expectations. However, the unemployment rate unexpectedly rose to 4.1%, the highest reading in almost three years.

Notably, the Fed’s preferred inflation gauge—the core PCE price index—showed inflation easing in May, with a year-over-year change of 2.6%, in line with estimates and the slowest annual gain in more than three years.


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