The Weekly Bottom Line: Trade Deals Trickle in Ahead of August 1st - Action Forex

The Weekly Bottom Line: Trade Deals Trickle in Ahead of August 1st - Action Forex

Canadian Highlights This week offered a clearer picture of business and consumer sentiment. Both surveys turned more negative in Q2, with domestic demand expected to remain soft and investment outlook flashing a weak signal for Q3. The retail sales report showed a sharp pull-back in May spending, led by autos. The advance estimate for June […] The post The Weekly Bottom Line: Trade Deals Trickle in Ahead of August 1st appeared first on Action Fo…

The Never-Ending Trade Drama: 35 Is the New 25 - Policy Magazine

By Douglas Porter August 1, 2025 Just as financial markets were preparing to put the trade war into the rear-view mirror after August 1, we were served a late-week double-barrelled reminder that its economic impact has a long tail. First, the core PCE deflator rose a rather meaty 0.3% m/m in June, fired up by a big and rare 0.5% rise in durable goods prices. This lifted the Fed’s main inflation gauge to 2.8% y/y, a tick higher than even the Chai…