Market expectations for a Federal Reserve rate cut are rising after a weak U.S. jobs report, while Trump’s sweeping new tariffs set to take effect August 7 have global markets bracing for impact.
Rate Cut Bets Rise on Weak Jobs Data
According to BlockBeats, softer U.S. jobs data has fueled expectations that the Federal Reserve could begin cutting interest rates sooner than anticipated. Futures markets now show an increasing probability of a September cut as economic data continues to soften.
Trump’s Tariff Red Line: August 7
On August 7, Trump’s new tariffs will officially kick in:
10% minimum tariff on all countries
39% on Switzerland
25% on India
Some countries may be able to negotiate reductions, but the White House has signaled this is the “final battle” in its trade strategy — a move that could add to inflationary pressures.
Key Economic Data This Week
Markets will closely track U.S. macro releases:
Monday: June factory orders
Tuesday: July S&P Global Services PMI & ISM Non-Manufacturing PMI
Thursday: Initial jobless claims (week ending Aug. 2) & New York Fed’s July 1-Year Inflation Forecast