Federal Reserve Chair Jerome Powell opened the door to a September rate cut on Friday, saying in a speech in Jackson Hole that “the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance.”
Global Economic
Global Economic – The global economy is the worldwide system of trade, production, and finance that connects countries. It involves the exchange of goods, services, and money across borders, driven by businesses, governments, and consumers. This system shapes jobs, wealth, and growth everywhere.
China CPI inflation arrives at 0% YoY in July vs. -0.1% expected
China CPI inflation Outlook: China Consumer Price Index (CPI) was unchanged in July from a year ago after rising 0.1% in June, the National Bureau of Statistics of China reported on Saturday. The market consensus was for -0.1% in the reported period.
Morgan Stanley Expects Retail Inflation To Climb Back To 4% By March 2026
Morgan Stanley expects India’s retail inflation to climb back to around the 4% mark by the quarter ending March 2026. The brokerage forecasts inflation to ease to approximately 1.5% in July, before averaging between 2% and 2.5% in the quarters ending September and December.
Trump’s Plan to Add New 15% Tariffs on Imports: What You Need to Know
Learn about the Trump administration’s plan to temporarily impose tariffs on global imports using an old trade law. Discover why this matters and what could happen next.
US Credit Rating Downgraded: What It Means for Debt and Gold Prices
Moody’s downgraded the US credit rating due to a $36 trillion debt. Learn how this affects Treasury bonds, gold prices, and the economy.
Donald Trump is proving disastrous for big tech
In the weeks after the re-election of Donald Trump, the bosses of America’s tech giants worked hard to ingratiate themselves withthe returning president, congratulating him publicly and dutifullyturning up to his inauguration. Mark Zuckerberg, the bossof Meta, gushed that it was nice to have an administration that was “proud” of America’s tech champions.
Explainer: Why Donald Trump has slapped up to 245% tariff on China
Donald Trump has placed high tariffs on Chinese goods. This is in response to China’s control over minerals. These minerals are important for many industries. The US relies on China for these resources. Trump’s move aims to protect US security. China says it will take action. The US is working to build its own mineral industry.