July 3, 2025 United States: US Job Growth Picks Up With Help From Public Education Hiring US job growth exceeded expectations in June as an unusual surge in public education hiring masked a slowdown in employment across the rest of the economy. Payrolls increased 147,000 last month, driven by a jump in state
July 2, 2025 United States: US Private Payrolls Fall for First Time in Two Years in ADP Data Employment at US companies fell in June for the first time in more than two years, reflecting a drop in services payrolls that may raise concerns about a more pronounced labor market slowdown. Private-sector payrolls
July 1, 2025 United States: Treasury Yields Drop to Lowest Level in Two Months Before Powell Speaks US Treasury yields fell to the lowest level in two months before Federal Reserve Chair Jerome Powell speaks Tuesday, amid growing political pressure to cut interest rates. The 10-year yield fell three basis points to 4.19%,
June 30, 2025 Stocks Rise at End of Big Quarter on Trade Hopes Stocks are wrapping up a stellar quarter at all-time highs amid signs of progress in US trade talks while hopes the Federal Reserve will resume its rate cuts drove Treasuries toward their biggest first-half stretch in five years. The dollar eyed
June 27, 2025 United States: US Consumer Spending Drops in May, Price Pressures Remain Muted US consumer spending declined in May by the most since the start of the year, indicating elevated uncertainty around the Trump administration’s economic policies is increasingly weighing on the outlook for growth. Personal consumption expenditures fell 0.3% after
June 26, 2025 The euro area’s annual inflation rate was 1.9% in May 2025, down from 2.2% in April. A year ago, the rate was 2.6%. Annual inflation in the European Union fell to 2.2% in May 2025, from 2.4% in April. A year earlier, the rate was 2.7%. Cyprus had the lowest yearly rate (0.4%), followed by France
June 26, 2025 United States: US Merchandise-Trade Deficit Unexpectedly Widens on Exports Drop The US merchandise-trade deficit unexpectedly widened in May on the biggest drop in exports since the onset of the pandemic, while imports were little changed. The shortfall in goods trade grew 11.1% to $96.6 billion, Commerce Department data showed Thursday.
June 25, 2025 United States: Fed’s Schmid Supports Wait-and-See Approach, Watching Price Data Federal Reserve Bank of Kansas City President Jeff Schmid said the US central bank should wait to see how tariffs and other policies impact the economy before adjusting interest rates. Schmid’s comments suggest he’s in no rush to lower borrowing
June 24, 2025 United States: Powell Reiterates No Rush to Cut as Fed Awaits Tariff Clarity Federal Reserve Chair Jerome Powell will reiterate to lawmakers the central bank is in no rush to lower interest rates as officials wait for more clarity on the economic impact of President Donald Trump’s tariffs. “The effects
June 23, 2025 United States: Dollar Surges as Mideast Escalation Spurs Inflation Risk The dollar rose to the highest level in nearly a month as US strikes on Iran spurred demand for the haven currency while underscoring the risks posed by climbing oil prices. The Bloomberg Dollar Spot index gained as much as
