Pressure for interest rate cuts 👀
Tension with Russia 👀
Weak employment data 👀
And a possible escalation in the war 👀
🇺🇸 1 After the worst job creation data in over 2 years was released, Trump went on Truth Social and attacked the Fed chairman:
“Powell must cut interest rates NOW. It’s unbelievable!!! Europe has already cut rates NINE times!”
Meanwhile, Powell says he is “in no rush” to cut.
🇷🇺 2 Trump revealed that he spoke for 75 minutes with Vladimir Putin.
According to him, it was a “good conversation,” but “it was not a conversation that will lead to immediate peace.”
The most serious: Trump said that Putin promised to respond “very strongly” to the Ukrainian attack on Russian planes.
🇨🇳 3 Regarding China, Trump stated:
“I like President Xi, I always have, but he is very tough and extremely difficult to make a deal with!”
📉 A direct message amid rising trade tensions with Beijing.
Amid all this impasse, bettors now believe that the US government will increase its spending by $407 billion in 2025.
While many expected the United States to reduce its spending on DOGE, led by Elon Musk, what has emerged so far is more of the same.