July 16, 2025 United States: US Producer Prices Stagnated on Decline in Services Costs US wholesale inflation moderated in June as a sharp decline in the costs of travel-related services blunted a pickup in goods prices. The producer price index was unchanged from a month earlier, after an upwardly revised 0.3% gain in
July 15, 2025 United States: US Core CPI Rises Less Than Expected Again on Drop in Car Prices Underlying US inflation rose in June by less than expected for a fifth month, as lower car prices helped offset gains in other goods exposed to tariffs. The consumer price index, excluding the often-volatile food
July 14, 2025 United States: Fed’s Hammack Supports Wait-and-See Posture on Rates Federal Reserve Bank of Cleveland President Beth Hammack said she wants to see inflation lowered further before she’d support a cut in interest rates. “We’re not there yet on the inflation side of the mandate,” Hammack said Monday in an interview
July 11, 2025 President Donald Trump has announced a sweeping 35% tariff on Canadian imports, effective August 1, intensifying trade tensions with the U.S.'s northern neighbour. The decision, shared via social media and in a formal letter to Canadian Prime Minister Mark Carney, is part of a broader tariff strategy targeting over 20 countries. Trump
July 11, 2025 United States: Trump Escalates Canada Trade Fight With 35% Tariff Threat President Donald Trump threatened a 35% tariff on some Canadian goods and raised the prospect of increasing levies on most other countries, ramping up his trade rhetoric in comments that weighed on stocks and boosted the US dollar. The
July 10, 2025 United States: Pence Says Trump Has Right to Share Views on Powell, Fed Policy Former Vice President Mike Pence said Donald Trump had the right to publicly share his views about Federal Reserve Chair Jerome Powell and decision-making on interest rates — and that he had his own concerns about the central
July 9, 2025 United States: US Mortgage Applications to Buy a Home Jump to Two-Year High US mortgage applications to purchase a home jumped to the highest level since early 2023 last week, even as borrowing costs barely budged. The Mortgage Bankers Association’s index of home-purchase applications advanced 9.4% in the week ended
July 8, 2025 United States: US Small-Business Optimism Fell Slightly Before Trump Tax Bill Sentiment among US small businesses fell slightly in June as owners continued to worry about taxes ahead of a major legislative win for the Trump administration. The National Federation of Independent Business optimism index ticked down 0.2 point last
July 7, 2025 United States: Trump Sets Aug. 1 Tariff Start Ahead of Wednesday Deadline President Donald Trump plans to announce trade deals and deliver tariff warnings on Monday, as countries negotiated through the weekend to avoid the highest punitive measures on their exports to the US before a Wednesday deadline. The time
July 4, 2025 United States: US Stock Futures Drop on Latest Trump Tariff Salvo US stock futures retreated Friday after the latest threat on tariffs from the Trump administration took the shine off a record rally for the S&P 500. Contracts for the US benchmark fell 0.6% after the gauge ended the trading
