Contentious July Jobs Report Signals Sharp Slowdown in U.S. Economy August 5, 2025 – The U.S. economy added just 73,000 jobs in July 2025, far below the Dow Jones consensus estimate of 100,000, according to the Bureau of Labor Statistics (BLS). The report, released on August 1, also included dramatic downward revisions for May and … Read more
The Federal Reserve is widely expected to maintain its benchmark interest rate at 4.25%–4.50% during its July 30, 2025, meeting, with no rate cut anticipated, according to multiple sources. Despite pressure from President Donald Trump for lower borrowing costs, economists and market indicators, such as the CME FedWatch tool, suggest only a 4%–5% chance of … Read more
Trump Tariffs Not Fueling Inflation Attributable to ‘Patriotism’ Shopping for, Says White Home Advisor Hassett Washington, D.C. – On July 14, 2025, White Home Nationwide Financial Council Director Kevin Hassett attributed the dearth of widespread inflation from President Donald Trump’s current tariff insurance policies to elevated demand for American-made merchandise, pushed by what he referred … Read more
July 10, 2025 – Federal Reserve officials are increasingly aligned on the likelihood of interest rate cuts in 2025, but their June 17-18 meeting minutes reveal a sharp divide over the number and timing of these reductions, reflecting uncertainty driven by President Trump’s trade policies and mixed economic signals. The minutes, released Wednesday, show the … Read more
Federal Reserve Chairman Jerome Powell spoke at the European Central Bank (ECB) Forum on Central Banking in Sintra, Portugal, on July 1, 2025, at 9:30 a.m. ET (3:30 p.m. IST). The panel, moderated by Bloomberg’s Francine Lacqua, focused on the global economy amid policy shifts, featuring Powell alongside ECB President Christine Lagarde, Bank of England … Read more
Federal Reserve Chair Jerome Powell Testifies Before Senate Banking Panel Amid Tariff and Rate Cut Debates Washington, D.C., June 27, 2025 — Federal Reserve Chair Jerome Powell delivered his semiannual monetary policy testimony before the Senate Banking, Housing, and Urban Affairs Committee on June 25, 2025, addressing critical issues like inflation, interest rates, and the … Read more
Mario Centeno, a European Central Bank (ECB) Governing Council member and outgoing Bank of Portugal governor, stated in a June 22, 2025, interview with Italy’s La Stampa that the euro-area economy remains weak and requires “further stimulus” from the ECB to achieve stable 2% inflation. Despite eight interest rate cuts in the past year, Centeno … Read more
Federal Reserve Governor Christopher Waller indicated that the central bank could begin cutting interest rates as early as July 2025, provided inflation continues to ease and economic data remains favorable. In a CNBC “Squawk Box” interview on June 20, 2025, Waller stated that he does not expect tariffs proposed by the Trump administration to significantly … Read more
In a transformative shift for Nigeria’s energy landscape, the nation’s petrol import bill plummeted by 54% in the first quarter of 2025, dropping from N3.81 trillion in Q1 2024 to N1.76 trillion, according to the National Bureau of Statistics (NBS). This dramatic decline, also reflecting a 47% reduction from N3.3 trillion in Q4 2024, is … Read more
On May 23, 2025, financial expert Dave Nadig warned of an “absolute tsunami” of exchange-traded funds (ETFs) set to flood the market, with up to 3,000 new ETFs expected to launch within a month, nearly doubling the current 4,000 ETFs. This unprecedented surge, driven by a Securities and Exchange Commission (SEC) rule change allowing mutual … Read more