The U.S. economy expanded at a 3% annualized rate in the second quarter of 2025, according to the Bureau of Economic Analysis’ (BEA) first estimate, released on Wednesday. This marks a significant rebound from the 0.5% contraction recorded in the first quarter and comes well above market expectations, which had …
Read More »U.S. Private Sector Employment Surges in July, Indicating Economic Resilience
According to the latest data from Automatic Data Processing (ADP), private sector employment in the U.S. rose by 104,000 jobs in July, a notable rebound from the previous month’s 23,000 decrease (revised from -33,000). This result surpassed market expectations, which had forecast a rise of 78,000. Key Highlights from the …
Read More »FOMC Minutes point to lower inflation ahead
A few officials at the Federal Reserve’s June 17-18 meeting expressed the view that interest rates might decrease as early as this month, while the majority of policymakers continued to have concerns regarding the inflationary pressures anticipated from President Donald Trump’s implementation of import taxes aimed at altering global trade, …
Read More »U.S. Nonfarm Payrolls Report: June Data Shows Better-than-Expected Job Growth
The U.S. job market showed stronger-than-expected growth in June, according to the latest data from the U.S. Bureau of Labor Statistics (BLS). Nonfarm Payrolls (NFP) rose by 147,000 in June, surpassing the market expectation of 110,000 and coming in slightly better than the previous month’s upwardly revised increase of 144,000 …
Read More »Senate Approves Trump’s ‘One Big Beautiful Bill’: Key Provisions and Next Steps
The US Senate passed President Donald Trump’s ambitious legislative package, known as the “One Big Beautiful Bill,” marking a significant milestone in his administration’s economic agenda. The 940-page bill, which narrowly cleared procedural hurdles over the weekend, survived a contentious “vote-a-rama” session to secure approval. Combining sweeping tax cuts, spending …
Read More »BOJ’s Ueda Signals Persistent Low Inflation at ECB Forum
On July 1, 2025, at 5:55 PM EEST, Bank of Japan (BOJ) Governor Kazuo Ueda provided critical insights into Japan’s economic landscape during a panel discussion at the European Central Bank’s Forum on Central Banking in Sintra, Portugal. Addressing an audience of global financial leaders, economists, and policymakers, Ueda stated …
Read More »Fed Chair Powell Maintains Wait-and-See Approach on Interest Rates Amid Economic Uncertainty
Federal Reserve Chair Jerome Powell stated on Tuesday that the central bank is prepared to keep interest rates unchanged for the time being while closely monitoring economic developments, according to his prepared remarks for the Semiannual Monetary Policy Report to Congress. Powell noted that the U.S. economy is in a …
Read More »Canada’s Inflation Holds Steady in May, Exceeding Monthly Expectations
Inflation in Canada, measured by the change in the Consumer Price Index (CPI), remained stable at 1.7% year-over-year in May, in line with market expectations, according to data released by Statistics Canada on Tuesday. On a monthly basis, the CPI rose 0.6%, marking a recovery from the 0.1% decline reported …
Read More »Trump Declares Israel-Iran Ceasefire Breakthrough, Markets React
On Monday, US President Donald Trump announced a “complete and total” ceasefire between Israel and Iran, set to take effect in roughly six hours, aiming to end their ongoing conflict, according to Reuters.In a social media post, Trump stated, “Israel and Iran have fully agreed to a TOTAL CEASEFIRE, effective …
Read More »Fed Keeps Interest Rates Unchanged for Fourth Consecutive Meeting
The Federal Reserve decided to maintain the interest rate at the conclusion of its June 2025 meeting, within the range of 4.25% – 4.50%, aligning with expectations.
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