The US economy remains on track to post a moderate recovery in next week’s second-quarter GDP report, according to nowcasts compiled by CapitalSpectator.com. Meanwhile, new PMI survey data for July suggests growth will strengthen further in the first month of Q3.
Daily Archives: July 25, 2025
Macro Briefing: 25 July 2025
US jobless claims fell for a sixth straight week, dropping to a 3-month low and signaling labor market strength. “The weekly jobless claims give Fed officials no cover whatsoever if they are seriously thinking of cutting interest rates at next week’s meeting,” said Christopher Rupkey, chief economist at FWDBONDS.
