Economic Outlook and Summary September brought the first Fed rate cut in 2025, which led to analysts and economists re-evaluating the forecasts for US interest rates for the next six quarters. However, the European Central Bank and the Bank of England did not follow the Fed’s lead and left their benchmark rates unchanged. President Trump […]
Economic Outlook and Summary August trading was choppy, and thin as summer holidays drained liquidity. The US dollar index (DXY) slid from 100.25 on August 1 to 97.78 by month end, pressured by weak volumes, payroll revisions, and Trump’s tariffs. Fed rate-cut fever, coupled with blockbuster earnings, pushed the S&P 500 to fresh records. The […]
Economic Outlook and Summary Trump’s July 9 tariff deadline morphed into an August 1 start, and throughout the month, global leaders tripped over themselves to appease Trump’s demands of “what amounts to a cover charge for access to US markets.” The European Union (EU) headlined the list of nations that included Japan, Indonesia, and Vietnam, […]
Economic Outlook and Summary June turned out to be more bark than bite. Markets braced for tariff fallout, Fed pivot signals, and a growth scare—but what they got was a sideways drift and more questions than answers. Trump’s April tariff barrage still casts a long shadow, but foreign retaliation has been conspicuously restrained—so far. Gold, […]
Economic Outlook and Summary May turned out to be more bark than bite. Markets braced for tariff fallout, Fed pivot signals, and a growth scare—but what they got was a sideways drift and more questions than answers. Trump’s April tariff barrage still casts a long shadow, but foreign retaliation has been conspicuously restrained—so far. Gold, […]
Economic Outlook and Summary April delivered another body blow to global markets. President Trump’s April 2 announcement of a 10% tariff on imports from 60 countries caught many off guard, even those accustomed to his unpredictability. The move erased any lingering optimism for a soft landing and raised fresh concerns about global trade stability. The […]
Economic Outlook and Summary Trump’s trade tirade scorched the earth in March—his tariffs sparked retaliatory threats from China, a diplomatic cold front with Mexico, and Canada. Trump nailed Canada and Mexico with 25% tariffs on March 4, and he promised to add auto tariffs on April 2, which he called “Liberation Day.” His remarks fueled […]
Economic Outlook and Summary Trump’s rhetoric took center stage. His determination to slap tariffs on Canada, Mexico, and China while promising reciprocal tariffs on all countries exporting to America sparked fresh worries about trade disruptions and recessions. The U.S. Dollar Index chopped its way through February, caught between rising inflation fears and shifting Fed rate […]
Economic Outlook and Summary As the month progressed, Trump’s tariff threat level ratcheted higher and then came to a head on January 20, just after he was sworn in as the 47th President. He mused that he was thinking of imposing 25% tariffs on Canada and Mexico and 10% tariffs on China. Those musings became […]
Economic Outlook and Summary October was the opposite of September. Where September was mostly a “risk-on” month thanks to Powell’s dovish comments at the end of August, October was full-bore risk off. A somewhat hawkish Fed rate cut and the run-up to the US election saw a broad-based shift into long US dollar positions and […]
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