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US Tariffs have massive negative consequences on Japan's car exports
Source: GIR, zerohedge
In case you missed it... here's another potential source of inflation
Source: Charlie Bilello
The US fiscal deficit is projected to hit a MASSIVE 9% of GDP by 2034.
Such deficits have never occurred outside of major crises and wars. This projection also assumes no recession and lower interest rates than currently. Source: BofA, Global Markets Investor, Moody's
JAPAN MAY CORE CPI INFLATION RISES 3.7% Y/Y; EST. 3.6%; PREV. 3.5%
HIGHEST SINCE JANUARY 2023 $JPY Source: investing.com
China: The trade war is starting to weigh on activity
Trade balance figures for the month of May reveal a notable slowdown in exports. Source: BCV
Blackout Period
Watch out for Jerome Powell's remarks this Wednesday.Then — the Fed enters a new phase:The blackout period ends Thursday, meaning Fed officials will be free to speak again starting Friday. source : evan
Central Bank Rate Decisions This Week
source : Bloomberg
US companies are eating tariff costs, as margin pressures persist for an 8th straight month.
Source: zerohedge
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