That’s a wrap – thank you for reading The Australian Financial Review blog today. Some of our stories included:

• Interest rate rise only narrowly avoided: Reserve Bank of Australia governor Michele Bullock has sent a stern reminder that the sharemarket is not the economy.
• Inflation to linger until 2026, RBA warns: A surge in state and federal government spending means inflation won’t return to the RBA’s target band until December 2026, later than previously forecast.
• Harris set to name White House running mate: Kamala Harris only has days to choose either Pennsylvania Governor Josh Shapiro or Minnesota Governor Tim Walz to be her vice presidential candidate.