US News
LAST UPDATE: August 1, 2025
US inflation warms up in June as tariffs boost some goods prices
In June, headline inflation rose as tariffs lifted prices on imported goods like furniture and recreational items. Core inflation rose as well, reinforcing expectations of persistent price pressures.
Insight
Tariff-driven inflation is becoming more visible. Emerging price increases weigh on forecasts for a rate cut, pushing the expected pause in Fed easing into Q4 or beyond.
US weekly jobless claims rise marginally
New jobless claims rose slightly to 218,000 for the week ending July 26, suggesting labor market stability despite modest cooling in hiring momentum.
Insight
Labor market still appears resilient. The marginal increase points to gradual softening, but not recession, even amid inflation concerns and trade shocks.
Trump renews attacks on Fed chair after rates held again
Former President Trump renewed criticism of Fed Chair Jerome Powell following the decision to maintain interest rates at 4.25‑4.5%, accusing him of being ineffective and politicized.
Insight
The sustained political pressure threatens central-bank independence. Markets may start pricing risk if investors expect leadership change or policy shifts under political influence.
US appeals court hears arguments over Trump tariffs
A U.S. appeals court is reviewing challenges to key tariff orders implemented under former President Trump, including tariffs on steel and aluminium.
Insight
The judiciary’s review could reshape the legal basis of protectionist trade policy. An adverse ruling may force rollback or renegotiation of current duty regimes.
Senate Democrats Try Resolution to Cancel Trump’s Brazil Tariffs
Senate Democrats introduced a privileged resolution to force a vote in the Senate aimed at overturning Trump’s planned 50% tariffs on Brazilian goods. The goal is to hold GOP senators publicly accountable.
Insight
The move reflects Congressional pushback against unilateral executive trade actions. It leverages transparency to create political pressure, though a presidential veto remains a threat.
US oil output rose to a record in May, EIA data shows
According to the U.S. Energy Information Administration, crude production hit a record high—13.49 mn barrels per day—in May, driven by gains in the Permian Basin and Gulf offshore.
Insight
The surge cements U.S. dominance in global production but raises oversupply risks amid rising OPEC+ output. The data reinforces Trump’s strategy to boost federal drilling.
Trump pressures 17 pharma CEOs to cut US drug prices
Trump sent letters to top pharmaceutical executives demanding they cut U.S. drug prices to match OECD levels, targeting Medicaid and new drug pricing. Firms have until Sept 29 to respond.
Insight
It underscores political determination to reduce healthcare costs. However, industry critics warn of innovation risks amid voluntary timelines and limited legislative support.
