Strong Demand in Temp Staffing Firms Signals Rising Labor Demand Amid Potential Capex Boom
Temp staffing firms are experiencing strong demand, which historically indicates an upcoming increase in overall labor demand. Additionally, a capital expenditure (capex) boom often precedes a labor market expansion, suggesting positive economic momentum ahead.
US Dollar Price Action Setups: EUR/USD, USD/JPY, USD/CAD, Gold
The prior week's USD weakness was largely erased over the past week as the DXY basket returned to a massive spot of long-term interest on the chart. The 97.94 Fibonacci level came into play back in April of last year and led to a bounce in the USD after a decisive sell-off had hit in the early part of 2025.
U.S. Treasury Secretary Emphasizes Stability of Regulated Financial System Amid Private Credit Concerns
U.S. Treasury Secretary Bessent highlighted that the main priority is to prevent any impact on the regulated financial system from issues in private credit. He also noted that private credit has so far contributed positively to the economy.
US Treasury Emphasizes Tech Leadership and Continued Use of Tariffs to Protect Economy
Treasury Secretary Bessent highlighted the United States' ongoing struggle to maintain technological leadership while reaffirming the continued use of Section 232 and Section 301 tariffs. These tariffs, supported by legal rulings, alongside Section 122 measures, are projected to keep tariff revenue stable through 2026, reinforcing economic security.
Trump Signals Potential for Higher Tariffs but Promises Reasonable Rates for Countries
Former President Trump stated that tariffs could be raised if necessary, emphasizing that the U.S. has full control over setting rates. However, he assured that tariffs will remain very reasonable for other countries to maintain trade relations.
Trump Affirms All Trade Deals Remain in Place but Are Handled Differently
Former President Trump stated that while all existing trade agreements remain intact, their management and execution are being approached differently. This suggests potential shifts in trade policy implementation without altering the agreements themselves.
Supreme Court Confirms Broad Presidential Trade Powers Amid New Global Tariffs
The Supreme Court upheld the President's extensive authority to regulate foreign trade, including blocking, embargoing, and licensing, while limiting charging license fees under IEEPA. Following this, the administration announced a 10% global tariff under Section 122 to protect U.S. interests and national security, with ongoing investigations under Section 301 continuing.
Trump Criticizes Supreme Court Ruling on Tariffs, Emphasizes Economic and National Security Importance
President Trump condemned the Supreme Court's decision limiting tariffs under IEEPA, praising dissenting justices and accusing others of foreign influence. He underscored tariffs as vital tools for economic growth, national security, and combating fentanyl, while highlighting recent stock market milestones and affirming current tariffs remain in place.
Trump Criticizes Supreme Court Ruling and Announces New Tariffs Amid Trade Investigations
Former President Trump condemned the Supreme Court's IEEPA ruling as 'nonsensical,' arguing it restricts charging minor penalties while allowing full trade embargoes. Justice Kavanaugh's dissent emphasized that other laws still empower the President to impose tariffs, underlining ongoing trade and national security measures. Trump confirmed the continuation of existing tariffs and introduced a new 10% global tariff alongside fresh investigations into unfair foreign trade practices.
Trump Urges Substantial Interest Rate Cuts Ahead of Fed Chair Selection
Former President Trump called for significant reductions in interest rates, referencing the upcoming Federal Reserve Chair selection. His comments highlight concerns about current monetary policy and its economic impact.