Ukraine Ceasefire Extension Proposal, Iran Nuclear Talks, US Immigration Policy, and Federal Reserve Rates

Ukraine Conflict and Ceasefire

• 🇺🇦 Ukraine's President Zelensky proposed extending the ceasefire beyond the initial 30-hour pause ordered by Vladimir Putin.
• 🤝 Russia and Ukraine conducted the war's largest prisoner exchange to date.

Iran Nuclear Program Negotiations

• 🇮🇷 Iran's foreign minister cited a better understanding with the U.S. on nuclear program principles after talks in Rome.
• 💬 Negotiations are set to continue in Oman next week, focusing on technical details.

US Politics and Policy

• 🇻🇪 The Supreme Court temporarily blocked the deportation of Venezuelans to El Salvador.
• 🏛️ Harvard University received a letter from a White House task force with demands regarding hiring, admissions, and curriculum related to anti-Semitism.
• 🇺🇸 The Vatican's secretary of state and Archbishop Gallagher met with J.D. Vance to discuss global humanitarian issues, including migrants and refugees.

Economic Outlook and Federal Reserve

• 📈 San Francisco Fed President Mary Daly indicated that the Federal Reserve may hold interest rates longer than anticipated due to inflation risks.
• 📉 Economists generally expect President Trump's tariff policies to lower growth and boost inflation in the short term.
• 🚗 Volvo is preparing to lay off up to 800 workers in the U.S. due to uncertainty over tariff policy affecting demand.