The FED will have to use macro data, that are giving mixed signals, to choose the path.
Traders are now leaning toward a 25 basis point cut in September.
Gold goes up and dollar down on Bessent's comments.
Consensus at 90% for a FED cut in September.
Japan’s Nikkei hits record high as global trade outlook improves.
US inflation to rise as higher tariffs feed through.
"With GPT-5, it is like talking to a legitimate PhD-level expert in any area you need."
Trump doubles India tariff to 50% to punish Russian oil buying.
"We're getting along with China very well," Trump said.
"Mounting evidence that the job market is softening and there are no signs of persistent tariff-driven inflation."
The data spells a pretty dramatic slowdown.
Goldman urges caution as global credit spreads hit 2007 lows.
