The Israel-Iran conflict continued for a fourth day as each country launched attacks on Monday. The fighting threatens to elevate oil prices for an extended period and bring a new phase of instability to the global economy that’s still reeling from elevated tariff risk.
Daily Archives: June 16, 2025
Macro Briefing: 16 June 2025
US consumer sentiment improved in June for the first time this year. The rise was modest and still leaves the University of Michigan’s index about 20% below December 2024, when sentiment posted a post-election bump. “Consumers appear to have settled somewhat from the shock of the extremely high tariffs announced in April and the policy volatility seen in the weeks that followed. However, consumers still perceive wide-ranging downside risks to the economy,” said Joanne Hsu, survey director, said in a statement.
