The July CPI rose 0.1% monthly and 3.4% annually, keeping inflation above the Fed’s 2% target and eroding real wages for a fourth consecutive month.
Category: Economy
Posted inEconomy
US Inflation Falls Below 3% for First Time Since 2021
July 2026 US CPI came in at 2.9% year-over-year — the first sub-3% reading since 2021 — strengthening the case for a Federal Reserve rate cut at the September meeting.
Posted inEconomy
Washington’s 50% Canada Tariffs Take Effect August 19, Covering 550 Product Lines
Three presidential proclamations signed July 20 impose 50% duties on over 550 Canadian product lines from August 19, with no USMCA exemption and no expiry date.
Posted inEconomy
BOJ Board Splits on Rate Pace as One Member Calls for Faster Hikes Than Markets Expect
The Bank of Japan’s July meeting summary, released August 10, shows one board member arguing the pace of rate hikes could exceed market expectations as core inflation nears 2%.
Posted inEconomy
Canada Adds 75,000 Jobs in July as Unemployment Drops to 6.4%
Statistics Canada’s July Labour Force Survey showed 75,000 new jobs and an unemployment rate of 6.4%, led by Ontario’s strongest monthly gain of the year.
Posted inEconomy
US Economy Sheds 23,000 Jobs in July, First Drop in Months
American employers shed 23,000 nonfarm payroll jobs in July, the Bureau of Labor Statistics reported on August 7, 2026, sharply missing forecasts and marking the first monthly payroll decline of the year.
Posted inEconomy
Brazil Cuts Selic to 14% for Fourth Consecutive Meeting
Brazil’s Copom cut the Selic to 14% on 5 August, a fourth straight quarter-point reduction completing 100 basis points of easing since March 2026.
Posted inEconomy
US Trade Deficit Narrows to $73.3 Billion in June as Imports Slow
The US goods and services deficit fell to $73.3 billion in June 2026, down $4.4 billion from May, as import volumes contracted faster than exports, according to BEA data released August 4.
Posted inEconomy
Eurozone Inflation Climbs to 2.9% in July as Energy Prices Surge 10%
Eurostat’s flash estimate shows eurozone annual inflation edging up to 2.9% in July, driven by a 10% year-on-year jump in energy prices, complicating the ECB’s path back toward its 2% target.
Posted inEconomy
US Manufacturing PMI Reaches Four-Year High of 55.6% in July
The ISM’s July manufacturing index rose to 55.6%, a four-year high, as factory employment expanded for the first time in nearly three years.