Facebook has detected continued attempts to interfere with the 2018 US elections: Reuters
Turkey is set to respond to potential US sanctions: The Hill
The Federal Reserve is contemplating a pause in interest rate increases: Bloomberg
Trump may impose stricter tariffs on China as a negotiation strategy: Reuters
Wages and benefits for American workers surged at their fastest rate in a decade in Q2: MW
US home prices rose significantly above the inflation rate in May: HousingWire
The Chicago PMI reached a six-month high in July: Chicago PMI
US consumer spending grew at a four-year high of 5.1% in June: BEA
The recent sharp decline in technology stocks has allowed the consumer discretionary sector to take the lead in performance this year, based on a range of exchange-traded funds. Although shares of consumer discretionary companies have also faced downturns, the impact has been noticeably less severe compared to the technology sector.
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US spy satellites have detected new missile activity from North Korea: Reuters
Is Trump likely to follow through on his government shutdown threat? Unlikely: Bloomberg
The Trump administration is contemplating sidestepping Congress to implement new tax cuts: NY Times
Factories are relocating out of China due to trade-war tensions: Forbes
US pending home sales saw an increase in June, marking the first rise in three months: Reuters
Texas factory activity saw robust expansion continue in July: Dallas Fed
Fed funds futures indicate no interest rate changes expected for the August 1 FOMC meeting: CME
Emerging market equities and bonds saw significant gains last week, based on a compilation of exchange-traded funds. Stocks from this sector delivered the highest weekly gain among major asset classes through July 27, while emerging market bonds posted the third-best returns.
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Trump threatens a government shutdown due to border wall funding: Politico
Republicans are concerned that Trump’s tariffs could endanger their position in the elections: The Hill
IMF predicts that China may become the largest economy by 2030: Independent
China proposes talks with the UK regarding a free-trade deal post-Brexit: Reuters
US Treasury Secretary states that the economy will keep expanding for up to five years: Newsweek
The US economy saw a surge in Q2, but analysts anticipate a slowdown in growth: LA Times
Consumer Sentiment Index in the US has dropped to a six-month low amidst trade concerns: Bloomberg
US consumer spending saw a sharp increase in Q2 to +4.0%: BEA
By Nicholas P. Sargen
Summary via publisher (Palgrave Macmillan)
In light of the 2016 US presidential election, both investors and voters are seeking clarity on a vast array of macroeconomic policy topics that will influence the economy and financial markets in the upcoming years. This book aims to serve as a neutral resource for understanding economic issues that emerged. The discussion covers long-term growth, the federal budget deficit, healthcare reform, tax legislation, regulatory frameworks influencing the financial sector and environment, as well as the interplay of monetary, exchange rate, and trade policies along with globalization. The author examines how these topics have developed, presents views from both political perspectives, and references studies conducted by experts in these respective fields.
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Recent reports indicate that economic activity in the United States grew at a rate of 4.1% in the second quarter, effectively doubling the first quarter’s pace, according to the preliminary data from the Bureau of Economic Analysis. This acceleration represents the strongest growth in real gross domestic product (GDP) since 2014.
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The second-quarter GDP report is anticipated to deliver positive news regarding the US economy. However, concerning trends in housing data may suggest caution. While it’s too early to make definitive assumptions, the weak year-over-year trends in several housing indicators indicate that today’s Q2 overview should be approached with care when setting near-term expectations.
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Trump threatens sanctions on Turkey concerning a detained pastor: NY Times
US Q2 GDP estimates were revised downward following updates released Thursday: WSJ
Trump asserts that today’s Q2 GDP report will reflect a “terrific” shape of the US economy: BBG
The ECB, expressing concerns about trade, maintains record-low interest rates: MW
The US trade deficit has widened in June: MW
China seems to have miscalculated, thinking that Trump was bluffing in trade negotiations: SCMP
Facebook shares plummeted by 19%, marking one of the largest single-day stock declines in history: NY Times
Amazon’s profits soared, exceeding expectations significantly: LA Times
Jobless claims in the US rose last week but remained near a historic low: Reuters
The KC Fed Manufacturing Index indicates strong activity in July: Bond Buyer
US durable goods orders increased by 1% in June, marking the first growth in three months: MW
The government’s preliminary release of second-quarter GDP growth in the US is widely expected to show a significant rebound from the modest rise seen in Q1. Analysts are debating whether this Q2 report will signify a peak or point toward a more robust upward trend.
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In this article, a comprehensive look at various economic factors and events that have influenced the market in recent weeks is provided. It encompasses topics from Facebook’s detection of electoral interference to fluctuations in consumer spending, providing insights into the broader financial landscape.
Overall, the article paints a vivid picture of the dynamic nature of the economy, illustrating how various elements—be they policies, market movements, or international relations—intertwine to shape investor sentiments and outcomes.
