It’s been less than a week since Fed Chairman Powell said the central bank remained in a wait-and-see mode for deciding if tariff-related inflation was a significant risk factor that would delay interest rate cuts. But expectations for monetary policy are moving fast these days and so assumptions from a week ago may already be ancient history.
Daily Archives: June 24, 2025
Macro Briefing: 24 June 2025
US business activity slowed in June but continues to post modest growth, according to a survey-based estimate of GDP. The S&P Global Flash US PMI ticked down last month to 52.8 from 53.0 in May, above the neutral 50 mark that separates growth from contraction. “The June flash PMI data indicated that the US economy continued to grow at the end of the second quarter, but that the outlook remains uncertain while inflationary pressures have risen sharply in the past two months,” said the chief business economist at S&P Global Market Intelligence.
