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Tariff-Inflation Skeptics Win? Trump and “Allies” Celebrate July CPI, Mock Goldman CEO
TradingKey - After the U.S. Bureau of Labor Statistics released the July CPI report showing overall inflation below expectations, U.S. President Donald Trump declared that it is now proven fact that "tariffs do not cause inflation." Treasury Secretary Scott Bessent, newly nominated Fed governorTradingKey
Wed, Aug 13
German inflation confirmed at 1.8% in July
BERLIN, Aug 13 (Reuters) - German inflation eased to 1.8% in July, the federal statistics office said on Wednesday, confirming preliminary data.German consumer prices, harmonised to compare with other European Union countries, had risen by 2.0% year-on-year in June.Reuters
Wed, Aug 13
Nomura sees Fed rate cut in September as inflation cools
Aug 12 (Reuters) - Nomura expects the U.S. Federal Reserve to cut interest rates by 25 basis points in September, bringing forward its easing forecast, amid signs of milder U.S. inflation in July and early cracks in the labor market. The Consumer Price Index rose 0.2% last month, easing from a ...Reuters
Wed, Aug 13
Global investors flock to ex-US markets for better growth, valuations
By Patturaja MurugaboopathyAug 13 (Reuters) - Global ex-U.S. equity funds received their biggest inflows in more than four-and-a-half years in July, as investors redirected capital away from the United States on concerns over the economy, stretched stock values, and a weakening dollar. These funds ...Reuters
Wed, Aug 13
Nomura sees Fed cutting rates by 25bps in September as inflation cools
Aug 12 (Reuters) - Nomura now expects the U.S. Federal Reserve to cut interest rates by 25 basis points at its September meeting, citing softer core PCE inflation and weakening labor market data. The brokerage sees further 25bp cuts in December and March 2026, aligning with the Fed's June dot pl...Reuters
Wed, Aug 13
China to hit Canadian canola with 75.8% tariffs—WSJ
Chinese authorities stated that they intend to impose a tariff of 75.8% on shipments of canola, effective Thursday, the Wall Street Journal reported on Wednesday. This move came after Canada imposed tariffs on Chinese EVs last year, escalating a trade conflict between Ottawa and Beijing.Fxstreet
Wed, Aug 13
Japan's wholesale inflation slows for 4th month in July
By Leika KiharaTOKYO, Aug 13 (Reuters) - Japan's annual wholesale inflation slowed for the fourth straight month in July, data showed on Wednesday, underscoring the central bank's view that upward price pressure from raw material costs will dissipate.But the wholesale prices of food and agri...Reuters
Wed, Aug 13
Electric vehicle sales growth eases to 21% in July, research firm says
Aug 13 (Reuters) - Global electric vehicle sales grew 21% year-on-year in July, the slowest rate since January and down from 25% in June, as momentum in plug-in hybrid sales in China slackened, market research firm Rho Motion said on Wednesday.Reuters
Wed, Aug 13
US deficit grows to $291 billion in July despite tariff revenue surge
July US customs duties triple to nearly $21 billion from $7 bln a year earlierFiscal year-to-date deficit tops $1.6 trillionSocial Security, healthcare, debt interests costs continue to growBy David Lawder Aug 12 (Reuters) - The U.S. government's budget deficit grew nearly 20% in July to $291...Reuters
Tue, Aug 12
