From Cleveland Fed today: Figure 1: Year on year core CPI inflation (blue), core PCE (tan), Bloomberg consensus of 7/11 (teal triangle). June, July 2025 observations are Cleveland Fed nowcasts as of 7/11. Source: BLS, Cleveland Fed, Bloomberg.
The exorbitant burden of exporting dollars makes it hard for America to govern at home
Long-term frameworks are necessary to lock in the desired effects of the US administration’s most controversial policies
EU’s controversial levy adds to momentum on pricing emissions
Energy advisory body expects global consumption to increase by 700,000 barrels a day this year
While the behaviour of bonds suggests a downturn, American stocks are at record highs
The country has staged a powerful recovery in the 10 years since it faced near economic collapse
After a three-month pause, US president threatens punitive levies on governments and commodities
Trafigura, Mercuria, Glencore and IXM set for bumper profits from metal shipped into America ahead of new levies
